A cash advance, also called a payday loan, is a small, short-term loan designed for urgent expenses that cannot wait until your next payday, such as a bill, medical expense, or unexpected payment.
In most states where we lend, you repay the loan plus a fee in one payment, usually on your next payday or within about 14 to 30 days.
Superb Cash Advance offers short-term loans of up to $500 in most states, depending on your state’s law.
Approved borrowers who sign before 11:30 AM ET may get their funds as soon as the same business day.*
These loans may be an option for borrowers with bad credit who need money for an emergency or unexpected expense.
Key Takeaways
- A cash advance is generally a short-term payday loan. Where payday loans are not available, we may offer an installment loan instead.
- Know the full cost before you sign. Your offer shows the amount you receive, fees, repayment amount, and due date.
- Have your documents ready. You may need a government-issued photo ID, proof of income, proof of address, bank account information, and an SSN or ITIN.
- Payday loans are usually repaid quickly. Repayment is commonly due within about 14 to 30 days, depending on your state and loan terms.
- If you may miss your payment, contact us before the due date. Options depend on your state’s law and your loan.
- Consider the cost and alternatives first. Cash advances can be expensive, so compare other options before borrowing.
What Superb Cash Advance Offers
| Where | Payday loans in Alabama, California, Colorado, Florida, Idaho, Indiana, Kentucky, Michigan, Missouri, Ohio, Texas, Utah, Washington, Wisconsin, and Wyoming |
| Loan amount | Up to $500 in most states, depending on your state’s law. |
| Cost | A fee set within your state’s law, shown in dollars and as an APR before you sign. |
| Repayment | Usually one payment on your next payday, within 14 to 30 days. In Colorado and Ohio, the law sets a longer term with scheduled payments. |
| Legal in every state? | Not in every state we serve. Arizona, Georgia, North Carolina, and Virginia do not allow payday loans, so there we offer installment loans, repaid in scheduled payments over time. |
What Does a Cash Advance Cost in Dollars?
Your state’s law sets the most a lender can charge for a cash advance. These loans cost more than most bank loans or credit cards, so borrow only what you can repay on time.
They cost more because they are small, short-term loans with no collateral, so the lender takes on more risk of not being repaid.
A cash advance at the legal maximum in California, Florida, and Colorado costs this much:
| State | Cost | You repay |
|---|---|---|
| California | $45 fee on the $255 you receive, about $17.65 per $100, or about 460% APR on a 14-day loan | $300 in one payment, within 31 days |
| Florida | $55 fee on a $500 loan, $10 per $100 plus a $5 verification fee, or about 287% APR on a 14-day loan | $555 in one payment, in 7 to 31 days |
| Colorado | About $53.79 in interest on a $500 loan, at a 36% APR that covers all charges | About $553.79 in 6 monthly payments of about $92.30 |
Disclaimer: These examples are at each state’s legal maximum, and Colorado’s is a representative example. APR is the yearly cost of a loan, so a short loan shows a high APR. Your own fee, APR, and total depend on your state’s law, how much you borrow, and your loan term.
How We Decide and How to Apply
When you apply, we look at your regular income, your ability to repay, and the loan limits in your state. Your credit score is not the only factor we consider. What matters most is whether the payment fits your budget and can be repaid from your paycheck or other regular income.
Apply online in a few minutes to see if you pre-qualify and get a free, no-obligation loan estimate, or visit one of our locations. Your estimate shows the loan amount, fees, and repayment terms before you decide whether to move forward.
To find the limit, the fees, and the protections where you live, see the payday loan rules in your state. If you need $500, How to Get a $500 Cash Advance Fast has the steps.
What Do You Need to Get a Cash Advance?
To apply, have these ready:
- Personal info: a valid government photo ID, a Social Security Number or ITIN, and proof of address
- Age and state: 18 or older, or 19 in Alabama, and living in the state where you apply
- Steady income: proof of regular income from a job, benefits, retirement, or self-employment
- Banking details: an active checking or savings account number and routing number
- Contact info: a valid phone number and email
If you are an active-duty service member or a dependent, a federal law sets an extra limit: under the Military Lending Act, covered borrowers are not eligible for products exceeding a 36% Military APR.
How Does a Cash Advance Work at Superb Cash Advance?
Getting a cash advance with us takes three steps, and nothing is final until you sign.
- Apply online in minutes. Fill out the application on your phone or computer with your ID, income, and bank account details.
- Get your decision and review your estimate. If you pre-qualify, review your estimate and compare it with other options before you sign. Every fee appears in your loan agreement, and a final credit check may come before you sign.
- Sign and get your funds. Once you sign, we send the money to your bank account. In some states the law requires the money to be paid in cash in person, so you collect it at the store.
For each part of applying online, see the online loan process, step by step.
How Do You Pay a Cash Advance Back?
We may require automatic repayment from your bank account on the due date. These are the ways we take payment:
- Automatic withdrawal: We take the payment as an ACH debit, an electronic transfer from your checking or savings account.
- Check: When you apply in person, you can give us a check for the full amount, dated for your due date.
- Cash: You can pay in cash in person at one of our locations.
What If You Cannot Repay Your Cash Advance on Time?
If you think you cannot make your payment on time, contact us before the due date. Depending on your state’s law, a payment plan or more time may be available.
Do not ignore the payment. Late or returned payments may lead to fees, collection activity, and possible credit damage.
If you are struggling to repay:
- Ask about a payment plan or extension, where your state’s law allows it.
- Avoid rolling the loan over where your state allows it, since each rollover adds fees.
- Review your automatic payment authorization if you need to change how you pay.
- Consider talking with a nonprofit credit counselor if the debt is hard to manage.
You cannot be jailed for not repaying a cash advance, and wages can be garnished only after a court judgment.
How Does a Cash Advance Affect Your Credit?
We do not report on-time payments to Equifax, Experian, or TransUnion, so a payday loan will not build your credit.
If a loan goes unpaid and is sent to a collection agency, the agency can report it, and a collection account can stay on your credit report for up to 7 years.
Is There a Credit Check to Get a Cash Advance?
Getting a quote uses only a soft credit inquiry, so it does not affect your credit score.
If your loan is approved, a hard credit inquiry may be completed and national databases, such as TransUnion, Equifax, LexisNexis, or FactorTrust, may be checked before you sign and before your loan is funded. This means there is no hard credit check just to request a loan, but one may be required before your loan is funded.
Is a Cash Advance a Good Idea for an Emergency?
An emergency cash advance can cover a short gap, such as a car repair or rent that is due before payday. Because of its cost, it fits best when you can repay it in full on the due date.
Before you borrow, compare these lower-cost options:
- Ask the biller for more time. Ask for a payment plan or a later due date, as consumer.gov suggests.
- Ask your employer for a pay advance. Some employers can advance part of your next paycheck.
- Borrow from a credit union. Some federal credit unions offer payday alternative loans of up to $2,000, repaid over one to 12 months.
- Pay with your credit card. A card purchase usually costs less than a payday loan.
- Ask family or friends. A short, written plan for paying them back keeps it clear for everyone.
If none of these works, a cash advance may fit. If the bill is due today, see how fast you can get your cash advance.
Frequently Asked Questions
Can I Pay Off a Cash Advance Early?
Yes, you can pay off a cash advance early. Early repayment is typically allowed without a penalty, but exceptions may apply in some states.
Most of our payday fees are flat, so paying early does not lower the fee.
Can I Have Two Cash Advances at Once?
You can have two cash advances at once only where your state’s law allows a second loan.
In Florida, you can have only one payday loan at a time, and in California, only one with the same lender.
