The Real Reasons Why Borrowers Need A Cash Advance Loan
A cash advance loan is not for everyone, and that’s why some people misunderstand the purpose of these loans.
When it comes down to it, one of the real reasons to get a cash advance for some borrowers is to cover emergencies when they don’t have enough resources to do so on their own. These loans can be a lifeline for those who need them most so let’s dive into the cash advance benefits and why these loans are so common today.
Why Borrowers Are Getting Cash Advance Loans
In the intricate world of personal finance, cash advance loans have emerged as a helpful option for many borrowers. But why do individuals seek these swift and accessible funds?
1. Covering Emergency Costs
Few people, if any, get a cash advance loan to cover an unimportant purchase or shopping bill. Most borrowers need access to fast money for cash advance uses like dealing with a sudden financial emergency. This could include having their car or an important home appliance break down, an urgent medical procedure, or paying an overdue bill before services are cut off.
When you’re stuck between a rock and a hard place, a cash advance loan from Idaho Title Loans, Inc. could pull you out of the situation in no time at all.
2. Having Limited Resources
Many of our borrowers come to us because they don’t have the luxury of an emergency fund or extra savings. Living paycheck-to-paycheck is a reality for millions of families across the U.S., sometimes, there is little to no wiggle room when dealing with an unexpectedly high bill.
These same applicants may not own their home or car to use as collateral, but they are employed, making cash advances an attractive option.
3. Don’t Qualify For Other Types Of Loans
While many people go to banks or credit unions for traditional personal loans, a large portion of borrowers won’t meet the criteria of these institutions. For many personal loans, banks require good or excellent credit, two forms of I.D., and, sometimes even collateral.
Idaho Title Loans, Inc. on the other hand helps out those who need cash fast by offering real money with fewer requirements, usually that same day or in less than 48 hours. Our requirements for a cash advance loan, also called a payday loan, are short and sweet, and the loan process is done through a quick review that would never fly at a traditional lender.
Cash Advances Benefits
Payday loans from Idaho Title Loans, Inc. provide an opportunity to access the money you need when you need it most – not 5-7 business days later. We know that you need to deal with this matter immediately and rest easy afterward, because of this, these loans are offered in amounts of $100 to $500. If you qualify, the amount you are approved to receive will be based on your situation and documentation.
The loan process for payday loans doesn’t require good or even existent credit to start, no collateral is necessary, and the in-person application review typically takes less than half an hour. While payday loans do require you to have a monthly income (usually through employment), there is no minimum amount required.
During the loan process, you’ll also be working with one of our representatives who will answer all of your questions and help to make the process a breeze.
How To Get A Cash Advance In ID
To access money and cash advance uses, you need to meet three basic requirements and complete the short process, which has been outlined below.
What You Need To Qualify
Payday loans at Idaho Title Loans, Inc. require three things to get started: your I.D., your latest pay stub, and a blank check connected to an active bank account in your name.
- Your I.D. should be from the state of Idaho. This could be in the form of a driver’s license or Idaho Identification Card. If you’ve legally changed your name due to marriage, adoption, divorce, or any other reason, be sure your I.D. is up-to-date.
- Next, your latest pay stub will be used as proof of income. It’s important to know you have some money coming in every month to ensure you can stick to the loan’s repayment plan.
- Finally, you’ll present a blank check from your checking account. This account should be under your legal name, matching your state I.D.
How To Apply For A Cash Advance
If you have your documents, you can head to our homepage to fill out a short online request form so we can contact you. Alternatively, you could call us directly to start the process during regular business hours.
Once you fill out the online form, a representative from a store location near you will give you a call after reviewing your information. They will then outline what you need and answer any questions you have helping you to understand the cash advance pros and cons. You’ll then arrange a time to meet at a local Idaho Title Loans, Inc. office. We have various locations throughout the state.
When you arrive, the representative will go over your documents and determine the loan amount you qualify for. Once approved, you’ll get your money conveniently that same day or the next.
Get Your Cash Advance With Idaho Title Loans, Inc. Today
A cash advance loan is often an immediate solution for an emergency expense, especially if you don’t have any other resources or loan options. At Idaho Title Loans, Inc., you can receive up to $500 with our payday loans as fast as the same day you apply, making the reasons to get a cash advance even more obvious. Don’t let another sleepless night go by – request your cash advance now.
Our representatives are standing by to assist you with getting fast emergency cash advances. Use the quick and convenient online form or call us to get started now!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.