You don't have to do much to get a cash advance.
You need to be at least 18 years old and make more than $1,200 a month. You will also need to show a few recent pay stubs to show that you are a regular earner who can pay back the loan according to the plan that the cash advance company will go over with you if you are approved.
Even if it's your first time applying, you should be able to get a cash advance loan as long as you meet the requirements. For a repeat customer, though, the process may get harder, especially if they weren't able to pay back their previous loan on time.
If you didn't pay back your first cash advance loan on time, you're probably not going to get another one. Cash advance companies like First Cash Advance will also stop doing business with repeat customers who didn't pay back their previous loans on time. They are willing to help you if you are willing to pay back the loan.
Cash advance companies like First Cash Advance have to protect themselves from people who can't pay back loans on time. They are telling those customers that their budget doesn't allow for a cash advance loan and that they need to look at their budget before they can apply for a cash advance loan. It's something they need to do to keep their business running well.
Let's look at how a cash advance loan works when it comes to payments.
How you pay back the cash advance company depends on how much money you borrow. If you only need a small amount of money, you might be able to pay it all back at once, including the interest. But if you want to borrow more money, you may need a more structured way to pay back the loan that works for both you and the cash advance company.
You need to make a monthly budget that makes sense so that you have enough money to run your house even after you've paid off your monthly cash advance loan.
How long you have to pay back a cash advance loan depends on how much you borrow. If you can make the monthly payments over a longer period of time, you will be able to get the higher loan you need. If you only need a small amount of money to get you through until payday, you can borrow the amount and pay it all off at once, or you can spread out the payments, but it will be better to pay it all at once to get it out of the way.
Your payment plan and the amount you have to pay them every month will be given to you. Most of the time, you will have to pay the company a certain amount each month. No matter how your payments are set up, you should always make a budget and stick to it, at least until your loan is paid off, to avoid getting stuck with high interest rates because you missed payments.
