A Quick Guide to Cash Advance Loans

What Are Cash Advance Loans?

Cash advance loans can be auto title loans, payday loans, or even credit card advances. Most people with emergency expenses or temporary cash shortages will opt for a payday loan. As noted below, auto title loans are not legal in most states, and anyone considering a cash advance loan has probably already exhausted all limits on their credit card(s). 

Always be sure you can pay back any online loan or cash loan when it is due before you sign up for it. Additional costs or loss of your vehicle (see auto title loans below) are not worth the risks.

How Does a Cash Advance Work?

Cash advance loans are simple. Complete an easy, secure loan request form in 3-5 minutes and submit it online. You will get an instant decision in 5-60 seconds in most cases but no more than 90 seconds. 

If approved, you can expect to have your cash the next business day. You can use your cash any way you wish. You can pay for your emergency medical bills, surprise auto repairs, utility bills, or other needs. Remember to budget for your repayment, which is usually due on the next payday. 

Benefits of a Cash Advance Loan

Cash advance loans of any kind are not to be used for just anything. However, they do offer benefits when you are short of cash or have a sudden cash-flow issue, or need to meet emergency expenses of any kind. Depending on your situation, you may consider getting a payday loan, installment loan, or auto title loan.

The main benefits of cash advance loans are:

  • Quick, secure, and easy application and funding: after approval, cash is quickly deposited into your checking account.
  •  Electronic funds transfer: the safest and most secure way to get your cash fast.
  • No early payment penalties: cash advance loans generally have no additional charges if you pay them off early. 
  • No hidden fees: payday loans are fee-based and regulated, and you will know exactly what you are paying based on your state laws and the size of your loan. There are never any upfront fees with these loans. Anyone requesting an upfront fee is likely a scammer and should be avoided completely.

What Is a Payday Loan?

A payday loan is just a type of cash advance loan. You still get cash for the short term and are required to pay the fees associated with it. The fees are dependent on the state you live in and the size of the loan. Most payday loans are limited to $500 and a 1 month or 30-day length. If you are currently working or have a steady income, you will likely qualify for a payday loan. 

What Is an Auto Title Loan?

A car title loan allows you to use the equity in your car as collateral for a loan. If you own any kind of car or truck, you can get a loan. If you have leased your vehicle, you cannot apply for such a loan. Auto title loans are banned in most states, so check your state’s website before applying or requesting such a loan. Note that you are risking your car if you miss a payment, so the dangers are greater than payday loans where you do not need collateral.

Where Can I Get a Cash Advance Loan near Me?

Right from your smartphone, pad, or PC… right now! Don’t drive around wasting time and gas when you can complete a short, secure loan request in a few minutes and get an answer right away (less than 90 seconds). There is no faster or better way to get a cash advance loan near me.

CashinaMoment provides service 24/7 and 365 days a year. When you need urgent cash, consider requesting a loan. It only takes a few minutes to request a loan and get an answer in seconds after submitting your information.

category: Cash Advance Loans


Allison Bieghler

Allison Bieghler is a Manager at CashinaMoment, a leading online payday loan referral service, providing convenient, fast, and secure online payday loans to its clients. CashinaMoment connects its clients with its vast network of licensed, direct lenders to get quick cash loans for emergency situations. Allison has extensive experience in the financial sector, specializing in the lending industry and administrative management. She is also well-versed in customer service, client services, and various payday lending industry functions.She has been working tirelessly with the organization to help people with everyday jobs and credit problems get cash when they need it most.

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