Cash Advances/Payday Loans Explained

A cash advance loan or a payday loan. These phrases keep being used interchangeably, so what is the difference?

There is NO DIFFERENCE. A cash advance loan is the SAME THING as a payday loan, and vice versa. They are the same concepts, with different names. Payday advances, short-term loans, easy cash loans, cash loans, fast cash, bad credit loans, and deferred deposit are just some of the many synonyms for a cash advance/payday loan. No matter how you refer to a payday loan, the definition is the same: it is a cash advance loan for the amount of $100 to $1,500 that is designed to hold you over until your next payday. A payday loan is an ideal option for those individuals who find themselves in a financial emergency and need immediate cash assistance.

The following are some benefits of securing a cash advance payday loan:

  1. Fast cash in advance – Get the money in advance you need, in as little as one hour. PaydayLoansIn1Hour.com is dedicated to helping you fix your financial situation right away.
  2. Easy to qualify – You can get approved instantly and have the money in advance you need deposited within 24 hours.
  3. No hassle – Applying online for a payday loan affords you the convenience and privacy not found at cash advance stores. No need to wait in line or fax documents to get a payday loan.
  4. Simple requirements – If you are 18 years of age or older, have steady employment, and have a checking account, then you can qualify for a payday loan.
  5. Bad credit OK – Those with bad or no credit are encouraged to apply for a payday loan, as even those with bad credit can get approved for a payday loan. That is why payday loans are sometimes referred to as “bad credit loans”.

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THE OPERATOR OF THIS WEB SITE IS NOT A LENDER, does not broker loans to lenders and does not make short term cash loans or credit decisions. This Web Site does not constitute an offer or solicitation to lend. This site will submit the information you provide to a lender. Providing your information on this Web Site does not guarantee that you will be approved for a short term cash loan. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. Not all lenders can provide up to $1,500. Cash transfer times may vary between lenders and may depend on your individual financial institution. In some circumstances faxing may be required. This service is not available in all states, and the states serviced by this Web Site may change from time to time and without notice. For details, questions or concerns regarding your short term cash loan, please contact your lender directly. Short term cash loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a short term cash loan based upon lender requirements.