DontbeBroke.com Reviews

These days, it is easy to obtain a payday advance from most companies. A payday advance is usually a smaller loan, lending the borrower money until the next payday. Most banks do not deal with loans this small, so cash advances are generally easy to pay back. Often, the loan amounts will vary depending on what is requested, but can range from as little as $100 up to $500. Normally, the funds are instant but when requesting over $500, it can take a little longer due to income verification. Usually, when trying to obtain small loans from banks, it is never this hassle free and they often check credit.

There are many reasons to use cash advance services. Most people will generally take one out because of unexpected expenses, such as a car repair, a doctor or dentist visit or maybe an illness that prevented them from working during the previous pay period. Perhaps there was even a job loss, but in any event, payday advances can help assist with meeting financial obligations that would not be met otherwise.

A lot of companies that offer payday advances make it very simple to use their service, manage a payback schedule and are easy to work with. Some benefits of using a payday advance is they are generally low interest, they are easy to obtain and most companies will help borrowers with managing their account. Typically, when obtaining a cash advance, employment or income verification is a must. This basically ensures the lending company that their client is employed or has gainful income and can pay back the loan in a timely manner.

All companies are different. Some will require the full amount is paid back on the next pay period while others will set up installments. For example, half of the borrowed money will be due the following pay date and the other half the next pay date. Another added benefit of a cash advance is they do not require credit checks, which can be an obstacle for some. However, most companies will require references because there is no credit check.