unless you have a source of unlimited cash, getting cash at short notice is not a very easy task. Very few people can avail cash like this and you could say that this was the reason that cash advance or payday loans were invented. Typically, this can see you through a period of emergency when you have nothing else to fall back on.
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This is a great choice when you are in an emergency, whatever money you had set aside will not suffice to meet the requirements of the situation. Most companies will offer a cash advance and their only criteria is that you should be over eighteen years of age and must be employed and drawing a salary of over a $1000 a month. You must also be a bank account holder. In spite of the fact that companies specify that you need to be employed, there are certain cases and some companies who offer these loans to unemployed people too. However, you will find that cash advanced to the unemployed are lower, as the lenders consider them high-risk people.
Payday advance loans can be from both offline and online lenders. In either case, you are expected to fill out an application form, where you are supposed to furnish your personal details, information regarding your job or profession and details about your bank like account number, security number etc. You are also expected to furnish salary slips to prove that you are employed and what your salary is.
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