Things to Look Out for When Applying for a Cash Advance Online
Thinking about getting a fast cash advance online from Mypaydayloan.com or another payday loan provider? There are a few things you should look out for to ensure you get a good rate on your cash advance loan and can access your emergency cash quickly. Let’s take a look at these now.
1. Cut-Off Times for Same-Day & Next-Day Deposits
If you need your cash fast, you will want to make sure you understand the cut-off times for same-day and next-day deposits from each lender and meet them to get your cash as quickly as possible.
For example, we have a cut-off time of 12:00 PM EST for our same-day cash deposits. You must apply and be approved by this time to get your cash by 5:00 PM. Click here to learn more about same day payday loans.
However, even if you apply later than this, we can guarantee that you will get a next-day deposit on the next available business day. This way, you will always be able to access your cash quickly.
Make sure you know these cut-off times with your lender so that you can get your cash fast now.
2. Eligibility Requirements for a Payday Loan
Each lender has different eligibility requirements for payday loans onlineloans online. Just because you qualify with one lender doesn’t mean you’ll qualify with another. At Mypaydayloan.com, for example, we require our customers to have:
● An active and open checking account for your cash deposit● Proof of employment and verifiable income● Proof of U.S. citizenship and that they are 18 years of age or older
As long as you meet these requirements, you’re eligible for a payday loan from us. You can learn more at our “requirements” page here.
3. Repayment Options
Some online cash advance providers will accept personal checks for loan repayments, but this isn’t the most convenient way to repay your loan, since you’ll have to get stamps and envelopes, write a check, and mail it at the post office.
A better option is an ACH withdrawal. Essentially, this is the reverse of a direct deposit. When it’s time to repay your loan, the cash you owe will be automatically withdrawn from your checking account. This ensures that you will never forget to write a check or authorize a payment. Just make sure you have the cash to repay your loan in your account, and it will be withdrawn automatically.
Look Out for These 3 Things When Applying for a Cash Advance Online!
When you’re looking for a cash advance online, we recommend that you find a direct payday lender that offers fast payment with same-day and next-day funding, has minimal requirements, and offers payment options like ACH withdrawal.
Ready to get started? We’re here to help. Click here to begin your application and get the cash you need fast.