A cash advance is a type of short-term loan which helps you ‘get an advance’ on your pay cheque from work. It provides quick and easy access to funds when unexpected emergencies or expenses arise.
For example, those in need of emergency repairs or unexpected payments, would be the perfect candidate for a cash advance. That way, you can borrow money instantly in order to provide immediate payment, and then pay this back in the future with a reliable payment plan.
An advance on your salary can give you the money you need within a few hours, whether it is just $100, $500 or $1,000. You can then repay the loan in full on your next payday from work or spread repayment over 3,6 or 12 months if you would prefer.