The Low-Down on Pay Advance Services and Loans

A pay advance is the same thing as a cash advance which is the same thing as a payroll advance which is the same thing as a payday loan. In its most simplest form it is a small personal cash advance that you borrow from a company when you need some extra cash. It is a cash loan that is due to be paid back within two weeks or on your next pay day whichever happens to come first. Please read this carefully.  A cash advance loan is meant to be a two week loan, so do not try to make it a long term loan.  You have the option to extend your due date but we advise our customers to pay it off in two weeks.  The sooner you pay off your loan the more money you’ll save, so be smart and pay off the two week loan in the appropriate time period.  It is a broad type of loan because you can use it for pretty much anything you want to as it is not restrictive like a auto loan.

Luckily it is free to all first time customers. If you are a new customer you automatically are a free customer. This means that the finance fees are waived when you pay off your loan in full. For all other customers there is an added finance fee to your pay advance. The pay advance finance fee is $25 for every $100 that you borrow. If you take out a $100 loan you will have to pay back $125. If you take out a $200 payday advance you will have to pay back $250. The sooner you pay back your loan the fewer finance fees you will pay, so it behooves you to pay back your pay advance as soon as you can.