How a Cash Advance in Dallas Compares to Other Loan Types
When you need money quickly, you might not want to go through all the steps to investigate each loan type to see what fits your situation. We can help you with that.
You may have gone to a traditional bank or some other lending institution to get an installment loan. Installment loans are usually for larger amounts of money, such as for a major appliance or even home renovations. These amounts are paid back over the long term with monthly payments.
Title loans are also paid back over time, with equal payments each month, and are also for larger amounts. However, as secured loans, they require a title of something you own as collateral. The most common type of title loan is a car title loan.
Cash advances are the most similar to what are known as payday loans. As the name reflects, they are loans taken out against your upcoming salary. When the salary comes into your bank account, the payday loan is automatically deducted.
A cash advance is a short-term personal loan. It is paid back in one lump sum – not in monthly payments. Typically, someone who needs money very quickly will go this route. They are not large sums of cash, but you can use the money for anything you need.
Basic Online Loan Requirements
To verify who you are, a few simple documents are required. You should easily be able to find everything you need in your home because they are basic. Gather them together so you will be ready, and your cash advance approval can be super quick.
Documents to have ready:
- Proof that you are a US citizen
- You must be at least 18 years old
- Checking account details, including bank account number
- Photo ID – It needs to be a document issued by the government, so send your driver’s license or a state ID
- Recent employment records – including how long you have been at your current job
- Income – Proof of how much you earn each month
Keep in mind that to approve your request, your lender may ask for additional details or other documents.
Funding Your Cash Advance in Dallas, Texas
Getting your emergency cash is the easy part! After your loan request has been approved, the cash can be processed. In most cases, the easiest and fastest method is through your checking account.
Be sure to include the name of your bank, the name on your account, and your checking account number when you send your details. By direct deposit, the money can be transferred to you by the lender very quickly.
It can depend on the time of day that you send in your application and it is approved by a lender, but in some cases, the loan amount can be transferred the same day. In other cases, it might be the following business day.
Once the money is in your account, it’s yours. No one will tell you what to do with it or how you should spend it.
Read the loan agreement you signed carefully to understand when the cash advance must be paid back. The terms of the loan and the total cost will all be contained in your final loan agreement.
Spending Time and Money in Dallas, TX
If you’re low on funds, it might have been a long time since you were able to go out and enjoy yourself. Now that you are flush again, why not give some sights in Dallas a whirl?
The great thing about living in Dallas (one of them) is that there is always something to do whether you have money or not. If you don’t want to waste money on tickets, you have many free options – mostly centered around the parks and civic centers!
It doesn’t cost anything to pack a picnic and sit in a park listening to the birds. Try the Klyde Warren Park or Dealey Plaza for outdoor enjoyment that is sure to calm your nerves. If you like museums, the Dallas Museum of Art is free!
After you have received your money and have taken care of urgent bills, maybe you can buy tickets and enjoy some of your city’s entertainment venues. Here is a short list to get you started:
- The Dallas Arboretum and Botanical Garden
- Perot Museum of Nature and Science
- Reunion Tower – Observation deck.
- The Dallas World Aquarium.
- AT&T Stadium.
Without going on with more items in the list, you know that there is a lot to do and see in Dallas. When you’re busy working and you’re short on funds, you can’t get out but now that you have a little cash, maybe you can!
What to Do if You Have a Bad Credit History
Many residents of Dallas have had problems with their credit in the past. While they can be due to several factors, one of the most common reasons for a bad credit score is simply not paying bills on time. Maybe you can get away with it once or twice, but if it becomes a habit then your credit history will reflect late payments.
When your credit score takes a plunge, it can become more difficult to get a quick loan. In the case of a traditional bank, you probably wouldn’t have much of a chance. But with the lenders we work with, you could be eligible.
Send us your online inquiry form and let our lenders evaluate your current situation. If you have a good job and show the ability to repay the cash advance, you could be quickly approved for an emergency loan.
Keep in mind the importance of paying bills on time. If you are approved for a bad credit loan and sign the loan contract, it’s important to understand the terms of the loan. Read them carefully before signing.
Do You Need Money Now? Let’s Hear from You!
Whatever your reason for needing money, we hope we can connect you with a lender who can help. We know how stressful it is when you’re out of cash, and we have lenders who can help.
Send us your form today and we will do what we can to help. If one of our lenders approves your application, you can work with that lender directly and get your cash as quickly as possible.