HELP CENTER
Cash Advance Loans FAQs
A Cash Advance is no different from a Payday Loan. By definition, a Cash Advance is an emergency loan that allows you to advance cash from your next paycheck.
There’s no difference between the two. They’re both emergency cash loans.
Cash Advance amounts vary based on your monthly earnings and your ability to repay the amount you borrow.
Cash Advances are simply funds loaned to you ahead of your next paycheck. Once you receive your paycheck, you’ll repay the loan according to the terms of the loan agreement.
The process may look different depending on the lender, but typically the process is as follows:
- Fill out an application
- Receive a quick lending decision
- Sign your loan documents, if approved
- Choose how much you want to borrow, up to the amount you’re approved for
- Receive your cash from a Speedy Cash store
- Pay back your Cash Advance according to the terms of your loan agreement by your due date
There’s multiple Cash Advance requirements you will need to meet in order to apply. These requirements include:
- Valid ID
- Proof of a steady source of income
- Checking account information
- Valid phone number
Cash Advance rates vary by lender and by state. Typically, they carry a flat fee associated with the amount borrowed. Before applying, you should review the rates and terms to better understand how much the loan will cost.
Speedy Cash provides convenient methods for applying where available including online applications, loans by phone and in-person Cash Advance services at our store locations.
You can apply online for a Cash Advance, but you will typically be able to receive your cash quicker if you apply in-person at a Speedy Cash store near you where available.
Yes, in-store Cash Advances are available at any Speedy Cash store.
We understand the financial strains associated with bad credit. We make an effort to be there for Customers when they are in a time of need. Depending on your income and ability to repay the loan, you may qualify for a Cash Advance in spite of bad credit.