Payday Lender Profiles – Personal Cash Advance



Personal Cash Advance

An indirect payday lending service based in Delaware that, upon applying for a short-term connects you to a network of lenders to find one that best suits you.

Personal Cash Advance is an indirect online payday loan service based in Delaware, though serves all 50 states. The fact that it is indirect means that the company does not provide funds itself but instead acts as a middle-man. Upon applying for a loan, you are then linked to a network of third-party lenders, each of which have different attributes and only one of which is the best lender for your situation. One of the positive points that Personal Cash Advance promotes is that all of its lenders understand your financial need, even if you have bad credit and have been turned away elsewhere. The drawback is that, being an indirect lender, it is impossible to know the terms of a potential loan until you have applied for it. Only once you have applied are you shown the APR (Annual Percentage Rate) that you are expected to pay.

Even those with bad credit can secure a payday loan, but there are certain prerequisites that one must follow in order to qualify in order to qualify for a loan. Firstly, it stipulates that you must be at least 18 years old and a citizen of the U.S. Secondly, you must be employed and earn at least $1,000 per month, with disability checks counting as valid income. Thirdly, you will need to own a checking or savings account for the money to be paid into as a direct deposit. This proof of income is all that Personal Cash Advance requires as collateral, and can grant you a loan in minutes once this has been supplied.

The maximum loan amount available from Personal Cash Advance may vary, but initial customers are typically able to take out a loan for $500. This can go up to $1,000, but that depends on your income and situation. The money can then be paid into either your checking or savings account overnight, so as to provide you with instant funding for those difficult financial situations in which things must be dealt with immediately. Borrowers are then expected to repay a loan within 14 days, typically on their next day, but may pay off a loan early. After repaying a loan, then can then take out another one if they wish.

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