Are You at Risk of the Payday Loan Fraud?
A cash advance loan is a small, short-term, high-interest loan that is offered in anticipation of receiving a future lump sum of cash or payment. Although a cash advance may be made in anticipation of future legal winnings, insurance awards, real estate proceeds, pensions, inheritances or alimony, the most common cash advance loans are for an anticipated tax refund or payday loans. The whole process of applying and getting the loan usually only takes a day or so if you fill out the application form without any mistakes and provide all the information and documents to the lender that they require. When you apply for a cash advance loan, it can be done in person, or online. Most people prefer to apply online for privacy reasons. When you are using the online option, you are required to fill in an application and then submit it. You are usually also required to fax some documents to the lender. These documents may include proof of identification, bank statements, latest salary slip and a
