Many individuals relate cash advance, which can also be referred to as a payday advance to lines of credit, like credit cards for instance. After all, a lot of credit card issuers make it possible for their customers to get a cash advance using credit cards.
Nobody can deny the fact that this act is helpful for these who are strapped for cash. The only problem is that such cash advances have costs that add up very fast.
Just like many other consumers, you may not even notice when all these costs are building up. And sometimes, you may not also know what these costs are. For example, you may have to incur an ATM fee which the bank charges for using the machine.
The credit card issuer will also charge the advance fee. And this is not enough. If you do not pay the advance within the timeframe, you will also have you pay the interest and finance charges.
There are cases where credit card issuers charge higher interest on their cash advances than what they charge on regular balances. If you are not keen enough, you may also see a high increase in your credit card balance. The good news is that you can benefit from a cash advance without parting with all these costs. This is through an online cash advance loan.
If you have an emergency, you might be thinking of how a company like GadCapital can offer you a cash advance. What you need to know is that a cash advance online isn’t the same as loans from banks and credit unions.
When it comes to online lending, a cash advance is a loan that is short term in nature and features fast approval even for bad credit. Usually, cash advances are offered in small amounts, which makes it easier for you to pay within the short loan term of between two and four weeks.
Cash advances work the same as payday loans. The only difference is that unlike the lump sum payment that you have to make for payday loans, you do not have to make a single payment for a cash advance.
One reason why a cash advance is a convenient option for many is that the entire process is completed online. So if you need instant cash, you won’t have to go through the process of completing lengthy paper forms like in in-store applications.
Instead, you can easily complete the process even from your own house. You can also get the application feedback instantly. Once approved, the funds will be wired to your bank account in a matter of minutes.
It is easy to qualify for our cash advance based on the fact that our requirements are less stringent. If you are at least 18 years of age, have a reliable source of income and provide the information below, you can complete the application within five minutes and get approved for a cash advance. Here are other required details that you should provide during the application stage;
Once you complete our online application form, we will give you instant feedback.
Do not worry about a bad credit score. In fact, our approval decisions aren’t based on your credit history or credit score. GadCapital doesn’t discriminate based on credit.
We know that you might have been in a tough situation that led to the drop in your credit score. And we are here to help. If you make payments on time, we will also report your credit behaviour to the major credit reporting agencies and in no time, you will see an increase in your credit score.
With our loans, you also won’t need to fax the required documents. All these documents will be uploaded during the online application. If you are a first-time borrower, you will qualify for a short term loan of up to $250. Make timely payments and we will increase your maximum loan amount.
We will let you decide how you want to get the approved funds. If you want the money to be sent directly to your bank account, it can take only 15 minutes to complete this transaction. (A fee may be applied where available). Depending on your bank, you can get the funds either on the same or next business day.
At GadCapital, we do not have restrictions on you to use your cash advance. As soon as the funds are in your bank account, you can use it for anything you need. We, however, encourage responsible spending, and this is the exact reason why we provide financial education tools to our customers.
Our aim is to help customers succeed financially and we can help you in this by providing flexible and affordable loans. And on your part, also ensure that you use your cash advance in a responsible manner.
The best time to apply for a cash advance is when you have an emergency like unexpected medical bills, car repairs, or any other short term need that cannot wait until your next payday.
You can also consider a cash advance when you need to pay for back to school expenses. What matters is that you will have the funds which can relieve you of the stress that comes with emergency situations.
At GadCapital, our goal has always been to provide loans that are easy to apply for and are flexible enough for everyone to apply.