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Is a Cash Advance Right for Me?

Determine if a cash advance is right for you to get you cash between paydays

If you find yourself in an unexpected emergency and need cash fast, you might consider applying for a cash advance loan from LendNation. A cash advance is often a good option because it provides quick relief compared to applying for a traditional bank loan, which can take longer to get approved for and sometimes have requirements that disqualify some borrowers.

Before you apply for any sort of loan, it is a good idea to look into your options and look at your situation before you make a final decision.

Thinking about applying for a quick cash loan? Ask yourself the following questions:

Is this an essential expense that I can’t do without?
Will I be able to repay this loan after I borrow the money?
Have I explored all my other options to cover this expense?

If you answered yes to those questions, then a short-term cash advance loan could be just what you need to help you get the cash you need now. At LendNation, we offer several quick cash loan options, depending on the state you live in and your qualifications.

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What Can I Use a Cash Advance For?

A cash advance loan can be used to pay any type of expense, but they are especially helpful when you need cash fast for an emergency or unexpected expense. However, since these advances are often short term, you should make sure to understand the terms and have a plan in place to repay the loan. You should know what your repayment schedule will be, and the total amount you will be responsible for paying back.

Here are three common reasons why people apply for cash advance loans:

Car repairs. Unexpected car expenses can be a huge hassle. Especially if it prevents you from getting to work, causing you to miss out on the money you need to pay your other bills. A cash advance can help you get your car back up and running quickly.
Medical bills. No one ever knows when you or your family might need medical assistance. Unfortunately, medical expenses can happen when you least expect them. If you can’t work out a payment plan with the hospital billing department, a cash advance may be a quick way to get through this challenge.
Home repairs. Sometimes, you can put off a home repair for a couple of months. Other times, home repair emergencies come up that you have to take care of immediately. This is another time when a cash advance can come in handy.

These along with many other expenses that are impossible to predict and are unavoidable parts of life are just what a cash advance is made to help with.

Cash Advance vs Payday Loan: What’s the Difference?

Choosing the right type of short-term loan can be tricky. Whether you choose a payday loan, cash advance, line of credit, or other short-term loan, it is important to understand your options and the differences between each one. Cash advances and payday loans are two common types of short-term cash advance loans people choose to get money quickly.

Debit card funding is a type of cash advance loan offered by LendNation. With this option, you receive approval based on your income, employment, and a few documents that are listed at the end of this page. When approved for debit card funding, the cash is typically transferred into your account within 30 minutes. With this option you do not have to wait days to find out if you are approved, plus additional time to receive your money. This also saves you the time and hassle of making a trip to the bank—especially if you need the money for a car repair or have other transportation hassles.

Payday loans can range from $100 to $1,000, depending on your state and approval amount. Most payday loans can be repaid when your next paycheck is due. Like debit card funding, LendNation can transfer your cash in as little as 30 minutes of your application’s approval. With a payday loan, you might be required to pay back the money you owe, plus any interest, by the time you get your next paycheck.

As you can see, several types of short-term loans can be defined as “cash advance” loans. It is usually the terms of the loans that set them apart. Another example would be a title loan, which depends on the borrower owning their car and having possession of the title. To gain a complete picture of the types of short-term loans offered at LendNation, visit this page to view all of our loan services.

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Why Choose LendNation?

At LendNation, we separate ourselves from our competitors by providing personable service, a quick application process, and a speedy transfer of funds into your account upon approval, usually within 30 minutes of approval. Our helpful customer service assistants can help you fully understand your loan options, determine which one is the best fit for you, and guide you through our simple application process in a matter of minutes.

How to Apply for a Cash Advance Today

Are you ready to compare the quick cash loan options you have available to you to help with your current cash needs?

Here is a handy checklist of items you will need to apply for a loan from LendNation:

Proof of income
Current phone number
Active checking account
Current US-issued photo ID
Bank statement from last 30 days

Don’t wait any longer to learn if LendNation can help you solve your current cash problem. Take a moment to apply now using our quick application process.

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