Cash Advance, Cash Advances Made Easy– MyCashNow.com

What is a Cash Advance?

A cash advance is a short-term loan that in intended to get the person borrowing the money to their next payday. It is usually $100 to $1500 and is typically taken out for a two week period of time. Cash advances are used for household bills, unexpected transportation and medical expenses, debt consolidation, or leisure activities.

A cash advance from MyCashNow.com is a quick and affordable solution to a short-term cash need when used properly. The borrower can either fill out a convenient online application or apply by phone. Once the cash advance is approved, the money is deposited directly into the borrower’s checking account.

“Why should I even consider a short-term cash advance?” you might ask. Well for starters, cash advances typically have much lower APR’s than other credit alternatives. Consider the following comparison below:

How does a $100 payday loan compare?

$100 payday advance with a $15 fee = 391%APR
$100 bounced check with $54 NSF/merchant fees = 1,409% APR
$100 credit card balance with a $37 late fee = 965% APR
$100 utility bill with $46 late/reconnect fees = 1,203% APR

Cash Advance Fees

At MyCashNow.com, you can expect some of the most competitive online cash advance rates in the business. For new customers, getting a cash advance only costs $9.31 per $100 (APR) loaned. That’s 50% off the initial finance charge! Besides a lower APR, cash advances from MyCashNow do not subject the borrower to invasive credit history checks, and there’s no time-consuming faxing of documents for most qualified customers. In addition, there’s no need to make an inconvenient trip to your local payday loan office to make your payments. MyCashNow makes paying off your loan quick and easy by automatically deducting the cash advance payment from your checking account on the payback due date.

Additional Questions about cash advances?
For more information about cash advances from MyCashNow.com, please visit our FAQ page or call 1-866-398-2274 to speak with a friendly customer service agent.