One of the certainties of life is, unfortunately, that cash won’t always flow as smoothly as you’d like it to. Even with the most careful planning, emergency expenses can arise at the most inconvenient of times. Unexpected house or car repairs, unplanned medical bills, or necessary family trips can all be a huge drain on your bank account.
In times like this, Canadians are turning to cash advances to keep their head above water. When properly researched and sought, a cash advance loan can be a valuable financial resource to help Canadians stay on top of expenses.
Here are our top tips for how to get a cash advance online, and get back on track to feeling in control of your finances.
A cash advance is a type of short-term loan, that is usually an advance on your next paycheck. Upon approval, a cash advance can grant you up to $1500 cash in a matter of minutes. These payday loans are usually unsecured and unrestricted, meaning that you don’t have to put down any collateral, and can spend the funds how you wish.
For many Canadians, having the ability to pay back emergency expenses or urgent repayments is a huge relief during a stressful financial time.
While the concept of a cash advance or payday loan may conjure the image of a dowdy bank teller or a dilapidated store in a strip mall, the good news is that modern lenders have made the process easier, safer, and more streamlined than ever before.
If you are looking for quick cash, an online cash advance on your next paycheck is likely your best option. If it means that you can meet all of your expenses, a cash advance is definitely the right option for you.
A piece of good news that many Canadians don’t realise is that your credit score won’t affect your loan eligibility nearly as much as you may think. While your personal info and credit details will be collected upon application for a cash advance, modern lenders realise there is so much more to a person than just your credit score. Other deciding factors include your salary, government entitlements, or other income streams such as investment properties or child support. So even if you have low or no credit, an online cash advance may still be very much within your reach.
Other advantages of online lenders are that you can apply 24/7, including holidays and weekends, meaning that even at the most inconvenient of times you can have access to quick cash. This also means that your approval will be faster, and the actual money transfer will happen sooner than at an in-person branch.
If you are looking for quick cash from the convenience of your own home, or even by using an app, then an online payday loan is likely the best option for you.
While a quick online search for “payday loan” or “get cash” will likely yield many results, filtering through to find the best online payday lender for you is an important part of the process.
When looking for an online lender, it is important to look for an agency that:
The good news is that finding a reputable online lender is easier than ever before, and the process to get your cash has been streamlined using modern technology.
These days, applying for a cash advance on your paycheck is as easy as downloading an app or visiting the website of your chosen lender. While the process is generally the same as it would be at a brick and mortar store, you can enjoy not being bound by opening times or waiting in line.
Once you decide that a cash advance payday loan is right for you, the application process will look like: