Getting a cash advance in Raleigh can be a lifesaver for many people. A cash advance, also known as a payday loan, is meant for those who have poor credit and need a way to borrow money fast. With a cash advance, there are no worries about what type of credit score you may have, and the process is a simple one for those who are in need of a cash advance in Raleigh.
The limit that cash advance companies can lend their customers in Raleigh, NC is $500 at a time. These limits are put into place to protect borrowers who may borrow higher amounts, which they may then have trouble paying back. Payday lenders can charge a fee in Raleigh, which is not to exceed 20% of the amount of the loan. It is important to remember that this fee will be due back when the loan is due, so make sure that as a borrower, you will have the funds to pay the loan back on time. Some companies allow rollovers on their loans, also known as extensions, if the loan is unable to be paid back on time. Talk to your lender if this is the case, to avoid additional late fees on the loan.
To get a payday loan in Raleigh, follow a few simple tips. The company will want to know how much money you make, which will be a determining factor in how much of a loan you will get. Generally, borrowers give the company information regarding their employment history, which is to include their job details, how much they make, when they are paid, and for how long they have worked. Some cash advance companies prefer that their customers have been at their jobs for a minimum amount of days before giving out a cash advance in Raleigh, such as for 30 to 60 days at a time. With some companies, you can also include extra income in order to get a cash advance in Raleigh. This may be money that you make from child support each month, or from your retirement or social security benefits. It is important to disclose all information on your financial situation, in order to qualify for the highest amount.
The only other information needed for a loan is your checking account number, to include the routing number to your bank. With this, the company is able to direct deposit the loan, once approved, right into your account. All lenders will also require that their borrowers be 18, in every state, to be eligible for a cash advance in Raleigh. That's it! You will then have the money you need, deposited into your account, to do with as you please. So for whatever money emergency you may have, choose a cash advance for all your cash flow needs.