Cash Advances the Easy Way with EZ Money
Almost everyone has been in a tough situation when it comes to money. If it’s still weeks until payday and you need cash quickly because of unexpected bills or expenses, it can feel overwhelming. EZ Money is here to help with a cash advance. Also known as paycheck advances or payday loans, a cash advance could be the solution to your short-term loan needs. Whatever funding emergency you’re facing, a cash advance from EZ Money is the simple way to get back on your feet between paychecks.
What does Cash Advance Mean?
A cash loan or cash advance loan from a provider like us is a short-term loan intended to help you get from one paycheck to another when unexpected expenses or larger-than-expected bills come up. The benefit of a cash advance is that you can pay bills on time and not have to worry about late fees.
The amount you are able to receive for a cash advance depends on where you live as well as your net income. Our team at EZ Money is familiar with the different state regulations and will take care of all the technicalities for you. We will take a look at your income and state regulations to determine how much you are able to borrow.
We understand that you’re in an urgent situation, so our team works fast to ensure you get your cash advance quickly and easily.
Can you go to jail for not paying back a payday loan?
You cannot go to jail for not repaying a payday loan - or any loan. United States law makes it very clear that debtors cannot be jailed for failing to pay a debt. Imprisonment for debt is expressly forbidden in the U.S. Constitution. But moreso, that’s not the business EZ Money runs. We work hand-in-hand with you to make sure your loan repayment plan is something that will work with you. At EZ Money, we value our customers so you know you’re so much more than a number when you come to us for help in a financial situation.
How Our Cash Advances are Different from Credit Card Cash Advances
You are probably familiar with the term cash advance as it relates to credit cards. Cash advances through credit cards are still short-term cash loans that take money out of your credit limit and start accruing fees and interest immediately. Whereas your state and income level will have an effect on how much you can get for a cash advance loan through EZ Money, credit card companies impose their own limits on cash advances. One of the major differences is that we work with you to make sure you can pay back your cash loan within a short time frame - typically by your next paycheck - whereas credit card cash advances allow you to carry the debt (while accruing interest) long-term.
How do Cash Advances Work?
We work hard to make sure getting a cash advance is as simple as possible for you. First, you have to go through an application process to state your income and other personal information, which will determine how much money you are able to receive along with your state’s regulations. Fees for a cash advance also vary depending on which state you live in, so our team at EZ Money will help explain the fees and interest you can expect. They will work to make the application process easy and will help you walk through every step.
Different Types of Cash Loans
There is more than one kind of cash advance you can get from EZ Money. They have different types of fees associated with them and different expectations on how or when they will be paid back.
Designed to help bridge the gap between paychecks or cover an unexpected expense, they are typically required to be paid back on your next payday, so they are not meant to be go more than a month without being repaid. These types of cash advances are beneficial when you’re in quick need of financial relief between paydays and are typically in the amount of anywhere from $100 to $1,000.
If the amount of money you need is more significant, an installment loan would be something to consider. While they are still short-term loans, they are broken down into scheduled payments over a longer period of repayment than your typical payday loan, which gives you more flexibility.
At EZ Money, we offer payday loans and installment loans to get you back on your feet with competitive interest rates. Our number one goal is to help you get out of your financial bind, so we’ll work with you to get you where you need to be.
Are Cash Loans from EZ Money the Same as Merchant Cash Advances?
Cash advance loans from us are not the same thing as merchant cash advances. Merchant cash advances are when a financing company advances a business owner cash in exchange for a percentage of daily credit card and debit card sales, plus fees. They can be a good option for business owners who don’t have a stellar credit score, don’t have collateral to offer, or don’t have an extensive business history - but our focus is on making sure individuals have the cash they need to pay unexpected expenses while giving repayment plans that work.
How Do I Get a Cash Advance with EZ Money?
Our team at EZ Money makes the process simple for you. In most cases, we can approve your cash advance the same day you apply and send you on your way with cash in your pocket.
You’ll get the personalized attention you deserve with quick and friendly service that meets your needs. Our application process is simple and our team is here to make sure you understand and are comfortable with every step.
Our online application process can be completed in just a few minutes. The information we require from you includes:
- Valid identification
- Personal information like phone number, address, and email address
- Income information including pay frequency, net pay, and gross pay
- An open and active checking account
We’re here to help make this easy. We currently offer cash advances in North Dakota, Nebraska, Iowa, and Missouri. If you have any questions about our payday loans or questions about our online application, please contact us today.