Learn the essential cash advance requirements, including eligibility criteria, necessary documents, and how to apply for a cash advance today.
A cash advance is a short-term borrowing option that allows individuals to access quick cash when they need it most. Understanding cash advance requirements is key to a fast and successful application. Always check with your lender for specific qualification details and ensure you have the necessary documents ready.
What Do You Need for a Cash Advance?
Cash advance requirements can vary depending on the lender and whether you apply online or in person. Online applications may require additional information, such as proof of an active bank account and routing number to facilitate direct deposit of the funds.
Below are some of the key documents and qualifications you may need for a cash advance:
Be at least 18 years old or older.
Applicants must be at least 18 years old to legally qualify for a cash advance loan. To show that you are at least 18 years or older, you will most likely need to use a form of government-issued identification with your birth date on it.
Be a resident of the state where you are applying.
Many lenders require borrowers to be residents of the state where they apply. This can even apply to borrowers looking for an online cash advance. When applying online, check your lender's locations or state page to see if they offer online cash advance services in your state.
Provide a valid form of government-issued identification.
Lenders will often request a form of government-issued identification to help check that you are at least 18 years old or older, as well as verifying your identity. You might be asked to provide identification like a driver’s license, an SSN (Social Security Number), or an ITIN (Individual Taxpayer Identification Number) for verification.
Provide a valid and active personal email address.
An active email account is typically needed for important loan documentation and correspondence. This way, your lender can email you documents like your loan agreement and communicate with you about transactional things like loan payments and due dates.
It’s important you provide an accurate email address to make sure you receive these important communications about your loan.
Provide a valid and active personal phone number.
Most lenders require a working phone number to contact you regarding your loan application and status. For the same reason you should make sure to provide an accurate and active email address, you also want to make sure you provide a valid and active phone number to make sure you get important communications about your loan.
Provide a valid home address.
One of the last pieces of contact information you will likely need to provide when getting a cash advance is your home address. Make sure you double check your home address to make sure you inputted all the right things. The lender will need your address so they can mail you important information about your loan agreement.
Provide proof of income.
Lenders require proof of income to help verify that you will be able to pay off the money you borrow. Providing proof of income is also often an eligibility requirement that helps determine whether your loan application is approved or not, and how much you can get approved for. Some acceptable forms of proof of income can include:
- A recent pay stub
- A bank statement
- Other documentation verifying your earnings
Cash Advance Requirements Checklist
Below is a checklist of the standard cash advance qualifications and requirements you might need to complete a cash advance application:
- Must be 18 years or older
- Must be a resident of the state where you are applying
- Must have a valid government-issued ID
- Must provide valid contact information like email, address, and/or phone number.
- Must provide proof of income like pay stubs, bank statements, etc.
How to Get a Cash Advance
The application process for a cash advance is simple. First, you’ll choose a lender, gather necessary documents like the ones we’ve listed above, submit your application in person or online, receive your funds if you get approved, and repay your cash advance in 1 or 2 payments.
- Choose Your Cash Advance Type
- Gather Your Documents
- Submit an Application
- Receive Your Funds
- Repay Your Cash Advance
Most cash advances are repaid by your next payday, so make sure you fill out your application information as accurately as possible to get your ideal repayment schedule.
Where Can You Get a Cash Advance?
When you need quick cash during a financial emergency, you want to find financial solutions that offer fast relief without the hassle. To get a cash advance you want to find a cash advance lender near you or online that you can trust.
Once you find a lender you like you just want to make sure you have all the correct information ready that this article goes over. Then you can get your money as soon as that same day! Check City offers fast cash advance loans to help you when you need money now.
