Here’s What You Need—And Don’t—to Get Approved for Cash Advances

Cash advances are small loans, a lot like payday loans, that have short terms resulting in affordable interest payments and the ability to repay and get debt-free quickly. Some are installment loans, which means you can repay the advance in a few installments, but most people prefer to get these loans paid off completely.

If you sometimes need a little extra money but are never sure how you could ever get approved for a loan, these cash advances may be just right for you. There are just a few things you need when you apply and approval rates are very high. Give it a shot and use the cash for things like bills, gassing up the car, and taking care of your family.

To Get Cash Advances You Need a Job

The first and most important requirement you need for getting approved for these online cash advances is a job. If you work full time, chances are you will easily get a yes on your loan application. Not all loans are like this, though. Because these cash advances are smaller than more traditional loans, a regular payday is really all you need to show that you can be responsible about taking out and repaying a loan.

You’ll need to apply with your bank account information and be sure that your paycheck is deposited to that account. When the loan is due to be repaid your lender will simply withdraw what you owe from your account. This will happen on payday so you don’t have to worry about having enough money in the account.

Cash Advances Require a Certain Minimum, But Reasonable, Income

Just having a job isn’t quite enough to get approved for these cash advances, but almost. The lender you work with will want to see that the amount you earn per month is reasonable and that you’ll be able to repay the loan on time and in full. Generally, these lenders require that borrowers earn $1,000 a month or more to get approved. For any full time worker this is a pretty easy standard to meet.

You Do NOT Need to Have Great Credit for These Cash Advances and Installment Loans

What you absolutely do not need to get approved is a perfect or even good credit score. Whether you go for the installment loan option or the standard cash advances, a credit check is almost never part of the approval process. This means that you can have any credit score or even very limited credit history and still get approved.

Rounding out the requirements for these cash advances, you do have to be at least 18 years old and a legal resident in the U.S. These few requirements make it so easy to get the cash you need during a difficult week. Just apply online and chances are you will be approved in minutes.

Here’s What You Need—And Don’t—to Get Approved for Cash Advances