How It Works
What is a Payday Cash Advance? A payday cash advance is a method in which people go about securing short term cash. A payday cash advance is generally for a small amount ($200 - $500) and is normally paid back within a few weeks. Our fee's are normally less expensive than a return check or paying late fee's for your rent, and certainly more convenient than having your utilities cut off.
You will be pre-approved if you meet these simple requirements: - You must have worked at your current job for at least 6 months.
- You must have lived at your current residence for at least 3 months.
- You must have an active checking account with your name printed on the checks, the account must have been open for at least 6 months. - (the account must be actively used, with few NSF's)
- You must not be delinquent on a prior payday advance, or owe money towards an open advance.
- You must have access to a fax machine.
- You must be at least 18 years old.
What do I need to do? - Complete our on-line application.
- After pre-approval notification, fax us copies of the following documents:
- Your latest complete bank statement.
- Most recent paycheck stubs.
- Your Driver's License or State ID.
- Your Social Security Card.
What will Rapid Cash Advances do? - Review your on-line application.
- Notify you of your pre-approval with a request for you to fax us your documents.
- Review your documents and notify you of your final approval.
Do you check my credit? Rapid Cash does not utilize the services of any of the major credit bureaus. However we do use various services such as Teletrack, Telecheck and Scan that shares data between payday lenders. We may at our discretion also use Teletrack to view your check writing history.
When will I get the money? If you get the documents to us promptly, you could receive your cash advance the same day.
How much do I have to pay back? Our fee's are the lowest available, as low as $11 for a $100 cash advance. Your fee will be based upon the amount of money you borrow. There is an APR Disclosure on the application form that will explain the fees that apply to your specific cash advance request.
How do I repay my cash advance and when is it due? Your cash advance is due on the agreement due date, which is typically your next pay date. You may pay your advance at any of our loctions or we will debit or ACH your checking account on the due date for the full amount. |
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