Are Advance Loans A Good Source of Emergency Cash?

Short answer is, yes, but there is more to the story.

Being stuck in a financial jam sucks. There's no two ways about it. These are the times when we're most vulnerable and most likely to make hasty decisions about where to get emergency cash.

The common solution folks seek out is a payday loan because they are fast and easy. But is that really the best option?

There's another fast cash loan source on the market replacing the common payday loan-- an advance loan.

Advance loans are another name for short-term cash loans. These loans have many of the same features as payday loans but there are some key differences that set them apart.

To help you decide if advance loans are a better option than payday loans in getting emergency cash, we've compiled a short list of advance loans features.

Easily accessible

The online lending industry is rapidly growing, making it very easy to find advance loan companies online right from the comfort of your own home. As a way to be even more accessible to customers, these companies tend to have very minimal eligibility requirements, requiring borrowers to only be employed, have a valid social security number and have an open checking account.

Fast

Aside from being easily accessible, online advance loan companies have a speedy turnaround time when it comes to paying out their loans. For example, MaxLend advance loans can provide fast cash in their customers' accounts as soon as the next business day.

Confidential

One of the worse parts about needing money is having to turn to family and friends to get it. With advance loan companies, you get the cash you need without having to jeopardize personal relationships.

Streamlined application process

With advance loan companies like MaxLend, customers experience a clear and concise application process that can be completed in minutes. MaxLend's application process is so accommodating to customers, that they accept both online and over-the-phone applications.

Straightforward loan repayment terms

Payday loans are designed to be paid off within one payment. However, advance loans offered by MaxLend are repaid in installments. This provides a host of benefits to the customers. Repaying in installments allow the payments to be scheduled within a six-month time frame and fixed at the same amount for each payment. This makes budgeting and getting out of debt a lot easier and more attainable.

These features make advance loans a great option to get emergency cash fast.

Get an advance loan of up to $1,250 in your account as soon as the next business day from MaxLend. Apply now.

MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.