Existing Customers
Home
Apply
Locations
Rates & Fees
Requirements
Questions
Your Finances
Why Choose Us
Policy
Share

Quick Cash Advances
are fast & easy!

100% Secure – No Obligation

Apply Online Now!

Get Started Today!

By submitting your information you agree to and understand our Privacy Policy and Terms of Use.

Quick Cash

Common Quick Cash Misconceptions

Over the past few years, many sensationalistic news stories have made generalizations about the quick cash loan industry which have become twisted into a variety of misconceptions about cash advances. While CashAdvance.com is not an actual pay day loan provider, it is nonetheless important to inform users of the site about the truth.

1.  You need a good credit rating.

You can be approved for a loan even if you have a bad credit score, or no credit rating at all! Don’t let past financial accidents stop you from getting the money you need.

2.  All payday loans are scams.

If all cash advances were scams, the industry would be completely outlawed. Most states require any lenders within their borders to pass a certification test and receive a license to provide quick cash loans. You can check to see if your state requires this license by looking at CashAdvance.com’s Consumer Resource pages.

3.  People get tricked into massive fees and interest rates.

The Truth in Lending Act mandates that all providers of cash advance loans disclose, in writing, exactly how much financing fees will be, the interest rate that will be charged, and any future fees or interest rate changes which may occur. Since all the information is presented to borrowers before they sign any cash advance contract, there is no trickery.

CashAdvance.com is dedicated to making sure that customers are the most informed borrowers in the payday loan industry. The Cash Advance Network accomplishes this via the Finance News section of the site, in which users can find the latest news reported by the CashAdvance.com team of experts. A plethora of personal finance articles also specifically work to help readers obtain and maintain responsible spending habits.

4.  Quick cash loans are designed to trap borrowers in a cycle of debt.

Pay day loans are meant to help people get out of debt, not make their financial troubles worse. When people incur emergency expenses from medical bills, car repairs, or any number of other unforeseen events, they need a way of getting fast cash. Payday loans are meant to fill the monetary gaps in the monthly budget. They should be viewed as an emergency resource, and should not be used habitually.

5.  Payday loans target low-income households.

CashAdvance.com has created an online network of lenders to help you. Some critics have said that quick cash loan locations are often in low-income neighborhoods. As an online database, however, CashAdvance.com has no physical location. This means that anyone, regardless of income, can qualify for a quick cash loan.

Since 1997, CashAdvance.com has been the most established and trusted name in the cash advance industry, connecting over a million consumers with payday loans from its vast network of reliable lenders.

You just learned about: Common Quick Cash Misconceptions

For more information, check out: Quick Cash

Finance News by Topic

© 2012 CashAdvance.com All Rights Reserved.

CashAdvance.com is Hawk, LLC, which is a limited liability company chartered pursuant to the laws of the Ute Indian Tribe and is wholly owned by enrolled members of the Ute Indian Tribe. By your use of this website you consent to the laws and jurisdiction of the Ute Indian Tribe as it relates directly or indirectly to your use of this website.

Consumer Notice: A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower's expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult our State Consumer Resource pages to learn more about the risks involved with cash advances, local laws and regulations that may be applicable to cash advances, possible loan alternatives and recent developments in their state.

Legal Disclaimer: This website does not constitute an offer or solicitation to lend. CashAdvance.com is not a lender, does not broker loans, and does not make loan or credit decisions. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. CashAdvance.com provides a service only and is not acting as a representative, agent, or correspondent for any service provider or lender. CashAdvance.com's aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. CashAdvance.com does not endorse any particular service provider, lender, nor loan product. You are under no obligation to use CashAdvance.com's service to initiate contact, nor apply for credit or any loan product with any service provider or lender. Service providers or lenders will typically not perform credit checks with the three major credit reporting bureaus: Experian, Equifax, or Trans Union. However, credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained by some service providers or lenders, in certain circumstances. You will not be charged any fees to use CashAdvance.com's service. Learn more on our Rates & Fees section.

Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. CashAdvance.com does not guarantee that completing an inquiry form will result in you being matched with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.