A cash advance is a type of loan that you can get from many different sources. Traditional banking institutions sometimes offer cash advances, as do credit card companies and smaller lenders like the ones that work with NCR Loans. There are so many options to choose from that it may be confusing, figuring out which one is the right choice for your financial need.
We cannot speak for other financial institutions, but the way a cash advance works through NCR Loans is determined by the contract you have with your lender. Loosely speaking, it is a loan that you take out for an amount that is less than $1,000. These loans are very short term, typically, you pay them back on or before your next paycheque. Once you have repaid your loan, you’re done. If you need a longer term loan, you might consider looking into an installment loan, which will allow you to have more time to pay your loan back.
“But I need money now, what do I do?”
Don’t worry. Our online lending partners are capable of reviewing your application very quickly. There will be no need for you to wait for weeks for a letter to come in the mail. Simply complete the form accurately to the best of your ability. If there is any incorrect information on the form, this will slow down the approval process and might even cause your request to get declined so check the form carefully before you submit it. Once that is complete, just wait. Some of our lenders are capable of very fast approval. Once you have received that approval, you will be sent to a new page where you can review your contract in detail. We cannot stress enough how important it is that you read the fine print and review all of the details of your contract. If you are not sure you understand something, be sure to contact your lender to ask them about it. They will be able to help you understand the particulars.
There are many options for you to consider when looking for somewhere to request a cash advance. One possible avenue, is requesting that advance online. There are many advantages to this over using traditional banks or storefront lenders, not the least of which is the fact that you do not have to leave your house to make the request. You can fill out our innovative online form in just three to five minutes using the device you are using to view this web site.
Unlike a storefront lender, your form will not be shoved into a drawer and forgotten by a clerk who doesn’t care what happens to your request. Instead, we will pass it along to as many lenders as we can to increase the chances that your request will be approved by one of our lending partners.
There’s also no need to worry about someone staring over your shoulder to get a look at your financial data and because the process takes place entirely online, there’s no need to find your shoes or your keys. Just pull up the page on your computer, tablet or smart phone and you can complete the form from there.
At NCR Loans, we want you to understand that your privacy is important to us. That’s why we use industry standard best practices for internet security. We take care to make sure that only the people that need to see your form will be looking at it.
Because advances through NCR Loans’ direct lending partners are in small dollar amounts, they are much more accessible to people who have bad credit, no credit or a poor credit rating. This is one reason why these types of personal loans are popular. Just because you have bad credit, is no reason not to fill out the form and find out if you qualify. Your request may still be approved in spite of bad credit.
Our direct lenders are capable of providing you with payday loans, with a minimally invasive credit check that evaluates your request based on your current income and your ability to repay the loan within the term and does not focus so heavily on your past behavior. Do not be fooled by companies that claim to offer a “no credit check cash advance.” This is dishonest behavior and is not how things are done. Every lender performs at least some type of credit verification. Even if all they do is look at your paystub to see if you make enough money to repay the loan, that’s still considered a credit check.
We believe that everyone has the right to request small dollar, short term loans regardless of their credit history. That’s why our company was founded, so that we could provide access to making requests for these types of loans to everyone.
Because the rates vary from lender to lender, we cannot tell you how much it costs. Different lenders have different contracts to, so the terms are never the same from one lender to the next. Instead, we request that you be sure to check your contract carefully and read through all of the fine print to be sure that you understand how much your loan will cost and that you are familiar with all of the terms of the contract before you sign it.
If you pay your cash advance back on time and within the terms of your contract, it might have a positive impact on your credit rating, but if you fail to pay it back within the term, it could negatively impact your credit score. Because of this, it’s important that you read the contract and understand the date by which your cash advance must be repaid.