A Cash Advance Loan Application

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Typically you will fill out a cash advance loan application which usually consists of name, address, employer, bank, payroll information and how much you want to borrow. When you submit your loan application, your cash advance loan request will go thru underwriting. If approved, the lender may make some final checks such as verify employment or ask for a recent pay stub. if everything checks out the funds are given to you either via funds transfer, a paper check or cash. Most cash advance loans are renewable. This means that at your next pay date, if you cannot pay the finance charge and the principle back, you may opt to pay only the finance charge and have your principle amount renewed for one more pay period. Cash advance loan are financial tools to help with immediate cash needs between pay checks.

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