Do you need cash now? Has an emergency situation come up that you need quick funding for? Maybe you simply had a few unexpected expenses come up this month and need a quick loan to make ends meet. Regardless of what reason you may have for needing extra money fast, a cash advance in Topeka may just be the answer you are seeking to resolve your current financial problems.
How is a cash advance different from a bank loan?
When you apply for a fast cash advance in Topeka, you can have the money you need in your pocket in as little as 24 hours. Since good credit is not required for a cash advance, the application and approval process is quick and simple. In contrast, if you attempt to get a personal loan through a bank or other financial institution, you may wait weeks or even months for your loan to be approved. If you need extra cash now, waiting simply isn’t an option. Don’t waste time waiting in long lines or for a credit check to go through. When you apply for a cash advance in Topeka, the application process is simple and the approval process is quick.
How do you apply for a cash advance?
Applying for a cash advance in Topeka is simple. Just visit a local or online cash advance store and fill out the necessary forms. You will be required to provide proof of current income in the form of your last paycheck stub, identification and checking account information. Once you have provided the appropriate information, your application will be quickly reviewed and you could have cash in your pocket or deposited into your bank account before the end of the day!
Limits on Amounts
Laws regarding cash advances and payday loans vary from state to state. There are two primary laws in Kansas regarding payday loans that you should keep in mind.
The first law sets a limit to the principal amount of the loan. When you apply to receive a cash advance in Topeka, the loan amount cannot exceed $500. This amount is set in place to help put a limit on the amount of rollovers. A rollover is when a person takes out a loan to cover the amount previously borrowed. This is sometimes done by individuals when they find that they are unable to pay off the initial loan. Since each rollover will need to be higher than the one prior to it, the $500 limit placed on cash advances will help keep the rollovers and amounts owed from getting out of hand.
The second law to keep in mind when you apply for a cash advance in Topeka is on the number of loans allowed. Each state puts a limit to the amount of loans an individual can apply for in a given amount of time. This limit helps to prevent borrowers from taking out multiple cash advances in an attempt to get around laws regarding the principal amount of the loan.