Frequently Asked Questions About Cash Advance Now

There are many people that have questions about applying for a loan at Cash Advance. This is usually because of the high number of places where people can get a loan online. The more information they can get, the better the chance that you will get an approved loan. Here a couple of these question that many people have about Cash Advance now, answered:

What is an installment loan that they are offering?

Many people are getting confused with the different types of loans that you can get. One of these loans that people don’t really understand is the installment loan.

This loan is actually a loan that you are lending over a short period of time, and where you’re going to repay it on your payday. This is normally 30 days or a 60-day loan.

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Can you only get a loan from them when you have a good credit report?

The great thing about using them for applying for a loan is that it isn’t a requirement to have a good credit report. There is even a chance that people with a bad credit report will get approved.

There are just a couple of things that you should know when you have a bad credit report. And, this is that you’re going to repay a little more because you are a high risk. You will need to pay higher interest rates.

How long is the process going to take?

If you are applying for a loan, you will normally know within hours or up to 24 hours. You will get a notification whether you are approved or not. If you are approved an agent will call you and finalize the application form. This normally doesn’t take long, and you will have your money within a day or two.

If you are qualifying for the loan, it will take really not long to process the loan and to approve it.

It is essential to have as many answers about the loan company that you’re considering using. The more questions are answered, the better you can make the decision in choosing them. This is the same with these frequently asked questions. The more questions you are getting answered for, the better you will be able to decide if you’re going to use this company for getting your loan or not. And, you will know that they are really trustworthy and reliable.