What Is a Check Advance?
A check advance is a loan given by companies to employed loan seekers. A check advance is the same thing as a payday loan. Companies loan money at varying interest rates to individuals who need cash in between their pay periods or during personal financial emergencies. Requirements While every company is different, there are some basic requirements just about all loan companies have. You need an active, verifiable checking account. Your written check to the loan company serves as collateral for your loan. If your loan payment is not made on time, the loan company deposits the check to collect its loan back. You also need a bank statement to verify that your account is in good standing. Then you probably need employment records, such as a paycheck stub or a copy of the check. If you are dependent on electronic deposit for a payday, you have to produce proof of regular electronic paychecks. You need proper identification, such as a driver’s license or military identification. Some busine
