Do you have a settlement coming in and wish you could access the money now? Taking advantage of a legal settlement can be as easy as taking out a quick cash advance. While many places suggest that they have the best cash advance rates, there are a few things to look for when it comes to getting an advance.
1. How quickly will the company give you your money?
Many institutions promise same day or even hourly cash advances, but the price for the service can vary greatly with the time. In most cases, loans will be dibursed within 24 hours of approval. In general, there is only one type of payday loan, and it’s disbursal speed depends only on the time of day and day of week you apply.
2. Where should I get my cash advance?
There are many companies in local communities that offer cash advances, but most people overlook the possibility of getting an online cash advance. The process is simple, and with a few facts about your financial situation, most people can have their cash advance in less than one business day.
3. How do I know if I need an advance?
Most people need a little extra money to get them to the next paycheck after an unexpected expense, like a car repair or a surprise increase in a utility bill.
4. How can I know who to get a cash advance from?
The answer to this question lies in your financial situation. Will you be back to normal in a month or two? It will be easier to get a loan if you know how long it will be before you’re able to pay back the money.
5. Will I have to take out a loan with an incredibly high interest rate?
The interest rate on a settlement cash advance varies from company to company, but two main things drive the answer: your credit rating and how quickly you need the money. For people with lower credit ratings and a faster need, the interest rate and charges will be higher.
6. Can I get a same day cash advance with a bad credit rating?
Yes! The charges may be higher than a normal settlement cash advance, but it is possible.
7. Do I have to go into a store to get a cash advance?
No! Many companies offer cash advances online.
8. What information will I need?
Most companies will need a summary of your income, your social security number, and a current address. For a settlement cash advance, a copy of the legal papers will be needed.
9. What legal papers do I need for a settlement cash advance?
You should receive papers from your lawyer or county court system indicating your settlement and its amount.
10. Are you saying I can get an advance right away?
Yes! By following these tips, you can get your money right away!
The best cash advance is the one that fits your needs. By identifying what you want your cash advance to do, you’ll be able to pick the perfect company and payback schedule that is right for you.