The Property Ladder

Cash Advance loans, also known as pay day loans, are short term, low value loans that don’t require the extensive credit check a bank loan requires.  Loans are approved as long as you have employment status, a particular minimum income and an active checking or savings account. The minimum income level varies between pay day loan lenders, but usually need to be making at least $250 per week. 

Loan terms on payday or cash advance loans are usually for periods of time from between four to thirty days, or payable on your next payday.  There are different ways interest or fees are charged on pay day loans with some lenders charging a flat fee despite the length of the cash advance loan, while others offer a range of the interest rates depending on the term of the payday loan.

Cash advance and pay day loans need quick, unsecured loans when they are short of cash, but please use them responsibily.  A cash advance is some times necessary -especially with the unexpected expenses that crop up when renovating - but please remember that getting into more debt is never thhe way to get OUT of debt.