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.
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.
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.
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.
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.
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.