Frequently Asked Questions

Below are some Frequently Asked Questions some of our clients find helpful. If you still have a question please don't hesitate to contact us.

• What is a Cash Advance, Payday Loan, or Paycheck Loan?
• What about Qualifying?
• Does the process take long?
• What if I have bad credit, NSF’s, charge-offs or a bankruptcy?
• What about collateral to receive a loan?
• Do I need direct deposit?
• Is there an application fee for filling out our form?
• Is my application and financial information secure?
• How often should I use this service?
• How is the payday cash advance loan amount determined?
• How soon do I have to pay back the loan?

What is a Cash Advance, Payday Loan, or Paycheck Loan?

A payday advance provides you with an unsecured, short-term cash advance until your payday. Customers choose payday advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties. With Personal Cash Advance you can sign up via our form for a payday loan online and have your advance electronically deposited to your checking or savings account by a payday loan lender.
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What about Qualifying?

Qualifying for a payday advance is easier than qualifying for traditional credit. Your job and your paycheck act as your collateral. You need to meet the following minimum requirements:

• Currently have a job (or receive regular income)
• Make at least $1000 per month
• Are 18 years of age or older and a U.S. citizen
• Have checking account or savings account with direct deposit
• Not active in the military

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Does the process take long?

Customers typically receive approval within hours of applying. Since the money is wired directly into your checking or savings account, you can usually have access to your funds the very next day after talking to a customer service provider designated by your service provider.
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What if I have bad credit, NSF’s, charge-offs or a bankruptcy?

Not a problem! Many customers typically have sub prime credit when signing up for an online cash advance.
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What about collateral to receive a loan?

Your job and your paycheck are your collateral.
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Do I need direct deposit?

At this time your loan questionnaire can be accepted if your paycheck is direct deposited; it is the most secure way to offer loans as quickly as our lenders do.
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Is there an application fee for filling out our form?

Personal Cash Advance never charges applicants for signing up for a payday cash advance.
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Is my application and financial information secure?

Absolutely. We respect our customer’s privacy needs in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive information transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.
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How often should I use this service?

Whenever an immediate or urgent need arises, Personal Cash Advance is here to help. It is important to remember that a payday cash advance loan is a short-term answer to an immediate cash need. Payday loans are not intended for repeated use in supporting an on-going budget situation from payday to payday. Repeated use or reliance on payday loans can create serious financial difficulties. If you need help with credit, budgeting or debt management, please contact the National Foundation for Credit Counseling at 1-800-388-2227.
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How is the payday cash advance loan amount determined?

Our lenders qualify you for a payday advance amount based on your current income and other questions that you answer truthfully on our sign up form.
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How soon do I have to pay back the loan?

Payday cash advance loans are generally repaid back when you receive your next paycheck. The standard time for loan repayment is usually no less than seven days and no longer than eighteen days. Your lender should disclose this information when you agree to their terms.
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