Your browser does not support JavaScript! Thank you for visiting www.checkintocash.com. For information about our products and services, including assistance with processing an application for credit, please call 877-276-9958 toll-free. Skip to main content

Top 10 Benefits of Payday Loans

TumblrRedditBlogger PostWordPressDelicious

Many people know that payday loans can be used to get quick cash, but few people know exactly how they work or what they should be used for. If you’re curious about payday loans and whether they’re right for your situation, this article will help answer a lot of your questions.

If you are in the midst of a difficult financial situation, you should consider applying for payday loans to help you cover emergency or necessary expenses. Payday loans are small, short-term loans that give you money when you need it so you can pay your bills and avoid the consequences of bounced checks and other late payments. Payday lending institutions exist in every state and can help you get the funds you need when you need them. Following are the top ten benefits payday advances can offer you:

  1. Easy to apply and qualify: applying and qualifying for any payday loan or payday cash advance is extremely easy, since the only limitations are that you have sufficient income and have never defaulted on another payday loan in the past.
  2. Information security: when you apply for cash loans, your personal and banking information is secure, since payday lending institutions cannot give it to other companies.
  3. Fast: filling out an application and receiving a cash advance loan only takes a few minutes, and many payday lenders offer you a one-hour guarantee for receiving your money after they approve you.
  4. Flexible: payday loans are short-term, which means you can pay them back easily when you get your next check.
  5. Amount: your income limits the amount you can borrow at any given time, which makes it easier to pay loans back when they are due. This helps to prevent the cycle of debt.
  6. Legislation: many states have laws in place that protect you from extremely high interest rates and fees, so it is important to know the pertinent laws in your state.
  7. Use the money for anything: payday loans generally have no restrictions, which means you can use the money for anything you wish.
  8. Convenient: payday lending institutions are often open outside of regular banking hours, which allows you to obtain emergency cash loans at any time. Payday lending institutions also have an online presence, allowing you to apply for loans online.
  9. Invaluable for emergencies: because you can often obtain your loan in less than an hour, you can use the money to pay for upcoming bills, pending late fees, and to avoid bounced check fees.
  10. Caps on interest rates: most states disallow charging interest rates above a certain percentage and limit the number of application and other fees a payday lending institution can charge.

If you need to avoid late fees or prevent a bounced check fee that can hurt your credit rating, you should apply for payday loans. Payday lending institutions can provide you with cash advances to give you the money you need to deal with any financial emergency. There are many benefits to cash advance loans, and you should keep them in mind when you need financial assistance.

Learn More
Recent Posts

For rates and terms in your state of residence, please visit our Rates and Terms page. As a member of CFSA, Check Into Cash abides by the spirit of the Fair Debt Collection Practices Act (FDCPA) as applicable to collect past due accounts. Delinquent accounts may be turned over to a third party collection agency which may adversely affect your credit score. Non-sufficient funds and late fees may apply. Automatic renewals are not available. Renewing a loan will result in additional finance charges and fees.

For online Customer Support please contact us at 1-877-262-2274.

Customer Notice: A single payday loan or cash advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday loans and cash advances are not recommended as long-term financial solutions. To view a list of the states we service online, please visit our Rates and Terms page. For our privacy policy, please visit our privacy policy page. Notice to CA customers: Check Into Cash is licensed by the Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. Notice to OH customers: In Ohio, Check Into Cash operates as a registered credit services organization (CSO). The actual lender is an unaffiliated third party. CS.900185.000. In Ohio, Loan By Phone operates as a registered Credit Services Organization (CSO). The actual lender is an unaffiliated third party. CS 900138.000. Ohio in-store license. Notice to UT customers: For questions or complaints please call the Utah Department of Financial Institutions at 801-538-8830 (UT customers only). Notice to LA customers: If you cannot make payment when due, you can ask to enter into an extended payment plan once in a twelve-month period, but the request must be made before payment is due. Should your lender (Check Into Cash) refuse to enter into an extended payment plan upon your request before the due date, contact the Office of Financial Institutions at 1-888-525-9414 (LA customers only). TX customers: In Texas, Check Into Cash operates as a Licensed Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Notice: An advance of money obtained through a Small Loan or Auto Loan is not intended to meet long-term financial needs. A Small Loan or Auto Title Loan should only be used to meet immediate short-term cash needs. Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges. Check Into Cash engages in the money transmission business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code.VA customers: CREDITCORP OF VIRGINIA IS LICENSED BY THE STATE CORPORATION COMMISSION. VA LICENSE # VTL-10.