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Sunday, June 16, 2013

What is a Fast Cash Loan?


A fast cash loan is an unsecured short-term loan that puts fast cash of up to $1,500 in your checking account in a matter of 24 hours or less. Some loans can even be funded within one hour. These loans are easy to qualify for and can be a life saver in an emergency.

When Should You Apply?

The time to apply is if you need a few hundred dollars for an emergency need. For example, these funds are often used for car repairs, rent or mortgage payments, home repairs, utility bills, childcare, groceries, medical or dental bills, legal fees, bail, parking tickets, last minute wedding expenses, or any other emergency reason imaginable. If you need quick funds to take care of an unforeseen financial situation, consider a fast cash loan.

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What Are The Minimum Qualifications?

Approval for a fast cash loan is a quick an easy process. There are very minimum qualifications. If you are over 18 years of age, earn at least $800/month at your job, have a valid phone number, and a valid bank account, you have most of what it takes to get this type of loan.

When Will You Know If You Are Approved?

The beauty of online borrowing is that loan approval is fast. You will know right away if you are qualified and how much cash you qualify for. If you accept the loan, you can have your money wired right into your account in as little as 24 hours or less. Some lenders will transfer your funds within one hour.

How Long Do You Have To Pay The Loan Back?

The length of time you have to repay the loan will vary depending on the lender. Some quick cash lenders give you two pay periods to pay your balance. Others allow you up to 100 days (which is a little over 3 months). Many people choose the 100 day repayment option since it gives you more financial flexibility with a longer repayment period. Just remember to always make your payments on time when they are due. Keeping a good credit history with a lender may prove to be valuable if you ever need to borrow from them again in the future.

Where Is The Best Place To Get One?

There are reputable websites that specialize in helping you find the right fast cash loan.


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