Let's just say that your car has just broken down and you need cash fast. However, your salary do not come in for another week. So what can you do to bridge the cash gap? One option is that you can get apply for a cash advance. Cash advance is a good option but how much can you get?
The amount of how much you can get will really depend on a few things, such as how much money you make, how many cash advance loans you have open and have left unpaid, and also if you have a checking account currently. You will need to answer a few questions and after that, they will advise you to let know how much loan you can actually receive. For most of the loan companies, you have to be over the age of 18 to qualify. You also must have a valid checking account with them and no other open cash loans.
Cash advance is fast and easy to help you until your next payday for whatever your needs. However, take note that the limit may or may not suit your needs. Most cash advance companies will only give you a limited amount such as $300 - $500 for your first time application. It is only after you have established a good credit line history with them that they will increase the loan amount for you. In most cases, the loan amount can go up to about $1500. It all depends on your state's rules and regulations.
If you just need a little bit of quick cash to help ease the situation, then this could well be the best way to get money fast and then quickly pay back on your next payday. If you are in need of huge amount of money, then such an advance loan will not benefit you much. However, having a back up plan and the ability to get the advance cash easily could help you bridge some sitcky situation in the future. You never know when something will happen and you will be in need of quick cash.