First Cash Advance – Help When You Need It Most

If you find that you have no money left to pay for the bills which have suddenly cropped up, then take first cash advance and settle all pending bills. Every household budget is struggling to cope with the strain of ever-increasing prices of commodities without a complimentary increase in income.

The nature of the situation demands that you get money at a very short notice. This is exactly the intention of first cash advance. You can get your deposit of first cash advance deposited into your bank account within 24 hours. Now isnt that fast.

Minimum Qualifications

First cash advance is a loan which it offered to the citizens of America who are experiencing difficulty in paying their monthly dues. However, to qualify for these loans you have to pass a few conditions.

You should have attained the age of 18 years at the time of loan application.

You should be working for the past 3months at least.

Your job should be paying you at least $1000 a month.

You must hold a banking or checking account in your name.

If you have passed these conditions then you are fit to take first cash advance. Since first cash advance is a loan which has to be repaid, it is imperative that you should be working in a steady job and getting a good salary, from which you can pay off your small loan. First cash advance is a short term loan for one or two weeks.

In rare cases, it can be for three weeks. Similarly, it is for a small amount of $500 to $1500. It is expected that you will easily pay these small advances from the paycheck you receive at the end of the month, hence the small duration of these loans.

Fee Structure

Since first cash advance is a small advance which has to be paid back within a couple of weeks, the fee structure is a bit different and a bit more, from the normal interest you pay on conventional loans. You have to pay from $10 to $18 for every first cash advance of $100. For example, if you take $100 for 2 weeks then you have to pay $20 as fee on the due date. The most important thing to note here is that whenever you take first cash advance, you must plan your budget for the household till the next due date.

This is important because you will know which expenses are important and which are not. You can then classify your expenditure according to their urgency and make suitable arrangements for repaying your first cash advance.