Getting a Cash Advance in One Hour

Getting a cash advance in one hour can get you out of a financial jam quickly. The advent of the one hour cash advance has helped many people to help themselves get out of trouble. When something comes up suddenly, you might not have the luxury of waiting around on a typical loan to be approved. This is where a one hour cash advance can come in very handy. While most people have heard of this type of program before, many do not know how they work. Here are the basics of a one hour cash advance. 

Why Cash Advances?

A one hour cash advance can be a great asset in a number of situations. These were designed for those times when you need money and you need it immediately. For example, let's say that your car breaks down on the side of the road and you have no money in savings. You do not have an auto club plan and you live a great distance from family. A one hour cash advance can get you the money you need to repair your car and get you back on the road. 

Another common situation that comes up is an unexpected death. Say for example, someone in your family died suddenly and you need to get a plane ticket to fly home for the funeral. When you do not have money in savings, a cash advance might be the only way that you can get home. Regardless of the reason behind them, cash advances can help you out in a number of situations.

Qualifications

In order to obtain a cash advance, the process is usually quite simple. Just go into one of the more than 10,000 cash advance merchants in the country and ask them for a cash advance. They will give you the appropriate forms to fill out and you can fill them out on the spot. It usually takes about 20 minutes to get through the paperwork.

They will require that you have a job or some way to pay them back. If you can prove this, you will most likely be approved. They do not check your credit or anything else like a typical loan. From there, you will be approved and the money will be transferred to your bank account or given in cash depending on the company.

Expenses

With a cash advance, you do not have any upfront fees. They know that you do not have any money so they just add the fees onto the loan. For example, let's say that you need $100. They will give you $100 and you will give them a post-dated check for $115. When the date comes, they will cash the check and the loan is done. In this example, the $15 was the cost of the loan. 

The APR for a cash advance is quite high. In most cases you will pay over 250% in interest. However, it is a short term loan and does not seem as expensive when you need the money. Just make sure to use them only in an emergency and you will be fine. 

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