About Cash Advances

A cash advance is a small, unsecured, short-term loan that is usually repaid on within the period of a borrower’s next payday. Typically, a customer uses a cash advance to cover small, unexpected, expenses between paydays to avoid expensive bounced-check fees, late bill payment penalties, and other less desirable short-term credit options.

How It Works

The cash advance application process is fast and simple, usually requiring only a few supporting documents such as proof of income, a personal checking account and a state issued identification card.

If approved, a borrower reads and signs an agreement containing disclosures required by the Truth in Lending Act (TILA) and writes a personal check for the amount of the advance plus a fee. The lender advances the customer funds immediately, but holds the check until an agreed upon date, usually within two to four weeks, when the borrower receives his/her next paycheck.