A section of the people of experiences shortage of
money any day in the middle of the month. This happens when they have to clear
medical bills or to find money for repairing their vehicles or for paying the
school fees for their children. This time they need such funding immediately or
as fast as possible. Cash advance is a great option for these
The lenders decide how much money they will advance. When they take this
decision monthly income of the borrower is considered. In this way may be
available between CAD 80 and CAD 1500 only. It should be noted that the
borrowers get very small time to pay back this loan. They are given 7 to 31
days for repayment of the loan. Interest for loan is charged at very high rate.
The borrowers must consider this when they get the money.
In order to be entitled to secure cash advance
the applicant must satisfy the following conditions:
1. He/She must be citizen of
and must have completed 18 years of age
2. He/She must possess active checking account in
3. He/She must have regular source of monthly income
There are some advantages in cash advance .
1. The finance market provides two varieties of loans: secured and unsecured
variety. In case of the first variety the lenders require some valuable
property of the borrowers to be used as collateral. It is not necessary for
cash advance .
The loan is available in unsecured form where there is no tagging of collateral
2. Some people fail to clear their existing loans. They default and stop
payment and gradually earn a bad name in the finance market. They develop
history of bad credit. Lenders do not want to loose money and reject their
application. People with history of bad credit can still obtain cash advance .
People seeking cash advance
do not face much trouble. They live in an age of internet. It is possible and
easier to apply online. When the lender approves the application they send the
money to the bank account of the applicant within 24 hours. Thus hassle free
fast cash reaches to the bank account of the borrowers.
Simon Ray is financial advisor of Cash advance payday loans Canada.For more
information about , visit