Online Payday Loans: Quick Cash to Make Ends Meet

You are faced with an emergency, a personal crisis, or you have more months at the end of your money. While you could ask your employer for an advance on your pay, most employers do not offer this to their employees. So, how are you going to get through this trouble? A payday loan, also known as a cash advance, could be the solution that you are looking for.

What is a Cash Advance?

A payday loan or cash advance is a short-term loan that is with unsecured funds, meaning that you don’t have to provide specific collateral to receive a loan. These loans are usually for a small amount of money, between $100 and $1,000. At AltitudeCash, you can apply for a cash advance in minutes, and once you discover you have been approved, the funds will be quickly deposited in your bank account.

How you Can Use a Cash Advance

Cash advances and payday loans can usually cover urgent bills, a monthly payment on a medical bill, daily necessities, and other small expenses. Whatever amount that you choose to apply for, be cautious; some cash advances must be repaid the next day that you get paid.

Cash Advance Options

1. Installment Loans

Say you need more time to repay your loan, or you would like to borrow a more considerable dollar amount. You can apply for an installment loan that gives you the ability to borrow up to $5,000 with a longer loan term. This type of loan has a credit check, but you can seek out lenders that only pull a soft credit check if you are worried about your credit history.

2. Payday Loans

These types of cash advances are for situations where you need to borrow small amounts of money, between $50 and $1,000. Most people are familiar with the payday loan sites that you find in a neighborhood strip mall. Still, an online payday loan vendor allows you to apply for a payday loan from the comfort of your home with a short application process. Payday loans are named because they only have a repayment term from 2 to 4 weeks whenever your next payday is scheduled.

What to Expect When You Apply for a Cash Advance

When you apply for a traditional loan at a bank, they complete a hard pull on your credit, and it is typically a lengthy process while you wait with massive anxiety. If you choose to apply with an online lending platform, you can expect the following steps.

1. Quick Application

Your application for a funds request only takes a few minutes to complete, making it fast and convenient. Application requirements include:

  • You must be a US citizen or permanent resident.
  • You must be 18 years old or older.
  • You much be able to provide proof of income or other employment details.
  • You need to provide information about your active bank account.
  • Provide correct contact information such as phone number and an email address.

2. Immediate Approval

You will receive notice of potential approval almost immediately. At this time, you can review your possible loan offers, find terms that meet your needs, and sign for the loan electronically.

3. Transfer of Funds

Once both parties have accepted all the appropriate terms and conditions, you will receive your funds to your bank account the next business day. If you apply early enough, you may be able to get your fund the same day.

Benefits of Choosing AltitudeCash for Your Online Cash Advance

As online cash advance platforms become more popular, AltitudeCash is starting to establish a name for themselves by providing excellent service and working with their network of payday lenders. AltitudeCash’s network is only made up of payday lenders who are trusted, fair, and are competitive in the market. You can expect a simplified application, an efficient approval process, no third party, and no hidden fees.

With our lenders, you don’t have to worry about traditional credit checks, and the money you are approved for can be used in any way that makes your life easier. Our goal is to help you get through a hard time, and we encourage you to be mindful of your finances to repay the loan accordingly.