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Cash Advance Near Me

Head off emergencies using a quick cash advance in a store near you.
thadues
Author: thadues

Last Updated: March 27, 2020

Are you looking for “cash advance near me?”

Well, we understand. While nowadays everything is offered on the internet, not everyone has access to or uses the internet. At the very least, not everybody is comfortable sharing their financial information online. But whether you use the internet or not, there’s a point in life when you need quick cash to help you sort a bill or an emergency expense! That’s when “Cash advance near me” fits in.

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    Viva payday loan app company logo
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    Here are the top 5 Cash Advance Near Me:

    Reviewers Choice
    Allied Cash Advance Loan
    Rating
    Available Loan Amount
    $50 - $5,000
    Available Term Length
    3 Months
    Representative APR
    5.99% to 35.99%
    Rating
    Visit Now
    Sun Loan
    Rating
    Available Loan Amount
    $150 - $4,500
    Available Term Length
    90 Days
    Representative APR
    4.99% - 1386%
    Rating
    Visit Now
    Amscot Cash Advance
    Rating
    Available Loan Amount
    $50 - $500
    Available Term Length
    31 Days
    Representative APR
    271.14% - 365.00%
    Rating
    Visit Now
    National Cash Advance
    Rating
    Available Loan Amount
    $100 - $1,000
    Available Term Length
    28 Days
    Representative APR
    4.99% - 1386%
    Rating
    Visit Now
    Money Mart
    Rating
    Available Loan Amount
    $100 - $500
    Available Term Length
    30 Days
    Representative APR
    391.1% - 782.1%
    Rating
    Visit Now

    So, what’s cash advance?

    Cash Advance Near MeA cash advance is a short-term loan. It may be from a bank, credit card issuer, or an alternative lender.

    In essence, you are borrowing cash against your next income, just like a payday loan. A cash advance often features steep interest rates besides fees. They, however, remain helpful, especially when you seek money to finance an emergency. They are approved very fast and quickly funded.

    How to Locate a Cash Advance Near You

    Most service providers offer their services online, yet quite a number have brick-and-mortar locations where they accept such applications. At such facilities, you can complete your cash advance request in just a few minutes and is you meet the requirements, walking out with the funds you needed on the same day.

    However, it might be a tall order to locate the best lender near you, as their availability varies by state. And in localities where they are accepted, you might end up with multiple options that it becomes virtually impossible to choose one. But we are here to help you.

    How to find the best cash advance loan is not something you’ll find in books or blogs, but a concept you learn with years of experience. Here are a few tricks we have learned over the years:

    1. First, not all states permit cash advance outlets, so ensure they are legal in your locality.
    2. Operators offering such loans also do so online. Thus, do online searches so to find any lender near you and list all your possible options.
    3. Compare the offers from the different lenders you listed.
    4. Identify the best three stores and visit them to check out if there is any information they might have left out in their online platform.
    5. Now choose your favorite store, and submit your application. If you are lucky, you’ll walk away with cash from the store.

    Pros and Cons of Cash Advance Near Me

    Pros:

    • The cash advance stores are near you.
    • The loan application process is relatively simple.
    • Unlike online, you get services with a personal touch.
    • You can explain your situation and negotiate for a better rate.
    • You can see every cost beforehand, so no hidden charges.
    • The lender conveniently takes you through the application.
    • You can walk out of the store with cash.
    • No risk to data fishers.

    Cons:

    • Strict business operational hours.
    • A tedious process if you decide to do right.
    • Maybe expensive than online advance loans.
    • Not as convenient to manage as online loans.
    • The best bargain may not be the outlet located near you.

    Cash Advance Providers Near Me

    Several top cash advance providers have physical locations across various states. Here are few that may have stores near you;

    1. Allied Cash Advance

    Allied Cash Advance provides short-term financial solutions that take the form of a cash advance, line of credit, and installment loans. It has outlets in five states and offers online services in over 20 states, targeting customers with bad credit. The internet loans, however, are from Check ‘N Go. So, you are better off with in-store application, given that it’s a third-party lender on the internet. When you apply for any of the Allied Cash Advance products, your rates and terms are subject to your local laws, which means it varies from state to state. If you are from Arizona, California, Indiana, Michigan, or Virginia, you can check their nearest outlet.

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    • You can get a loan ranging from $50 to $5,000.
    • It is a direct lender at its stores, unlike online where it is third-party.
    • Other than the cash advance, you have installment and lines of credit too.
    • Operates in a handful states.
    • It is not outright about its interest and fees online, so it is difficult to make an educated decision.
    • It has a pending filed by the state of Virginia over predatory lending.

    2. Sun Loan Company

    Sun Loan Company offers you as little as $150 and up to $4,500 in less than half an hour across its numerous outlets. It, however, doesn’t offer online loans. You can locate its branches from its website. You can start the application online or over the phone and complete it at the nearest outlet. What’s even interesting is that you neither need a job nor a bank account to qualify for the loan. It’s not a straight go, though. You may want to consider its potential drawbacks.

    Our Rating

    • Prompt funding.
    • No bank account needed
    • It can help build your credit score as it works with top credit bureaus.
    • No online repayment
    • Very limited information on its websites relating to costs of the loan.

    3. Amscot Cash Advance

    In-store payday loans up to $500 for Florida residents. If you are a southerner, Florida, to be precise, then Amscot is your cash advance option. It offers quick in-store advances at its outlets across its branches, some of which are open 24 hours a day. The lender doesn’t pay much attention to your credit score, but you need an active checking account. For its cash advance, you need to write factoring the amount you want to borrow plus fees and trade it for cash. Unlike most lenders, Amscot applies a flat, one-time fee.

    Our Rating

    • Simple in-store application.
    • Charge a flat rate, arguably the lowest in the industry.
    • Most of its branches operate 24-hours
    • Only available in Florida.

    4. National Cash Advance

    National Cash Advance is one of the oldest and perhaps the most respected cash advance lenders today. It provides very fast, no hassle and highly cost-effective loans against a personal check. This check is not be cashed until your next paycheck hits your account. But you walk out from the store with the cash in your as little as 15 minutes. The maximum available loan amount and applicable fees vary from state to state.

    Our Rating

    • Fast in-store application.
    • You walk with cash in your pocket.
    • It offers a variety of quick loan products.
    • High fees, especially in states with no rate caps.
    • It has a low loan limit.
    • It may not be available in your state

    5. Money Mart

    Money Mart operates cash advance, otherwise known as payday loans or check cashing services, in its multiple stores in a few states, namely Alaska, Arizona, California, Hawaii, Kansas, and Louisiana. It offers other online loan options but the loan amounts and terms are subject to your state laws on the same.

    Our Rating

    • Quick in-store application.
    • Repayment terms are negotiable.
    • No prepayment penalty.
    • Has a couple of law suits across the border.
    • It is only available in six states.
    • Very high-interest rates for short-term loans

    Eligibility for a Cash Advance

    Cash advances pretty easy to apply. Once you walk into the store, you’ll fill out the application, providing all the required details and you are set to go. Approval only takes a few minutes, and you can get the loan before you leave the store or the following business day.

    The requirements vary from lender to another. Some even prefer that you write them a post-dated check before they give you the cash.  But here are some of the basic requirements:

    • Must be 18 years or older, but a lender may say 21 years.
    • Must provide your tax ID or Social Security.
    • Provide proof of income, preferably how you intend to repay the loan.
    • Provide proof that you are a permanent resident of the state.
    • Some lenders may want you to provide a post-dated cheque.
    • Depending on your repayment method, you may have to provide a checking account attached to an active debit card.
    • Your current phone number.
    • You might need to provide an email address.

    How Cash Advance Work

    Before you choose a cash advance lender here, you might want to know how this type of unsecured loan works. For starters, a cash advance is a loan for a short time, usually weeks. The drill is simple; you walk into a store, give the lender a check for the amount you want to borrow, inclusive of the fees. In return, the lender gives you the cash but keeps the check until the day you’ve declared in your application as your payday.

    Both cash advances and payday loans are costly forms of credit. For instance, if you want $600, and the total cost of the loan is $75, you’ll write a check of $675. The long and short of it, you are paying $75 to borrow $600. The lender gives you the $600 in cash and keeps the check, which they cash after the agreed period elapses. Alternatively, you can pay the $675 early and reclaim your check.

    How to Compare Lender Costs

    When evaluating a cash advance, you want to consider its Annual Percentage Rate (APR), loan charge, including an origination fee (if any), the duration of the loan, and what happens when you default.

    Avoid lenders who are not outright about these factors. You are entitled to this information, and the law requires every lender to tell you the APR, which generally is how much it would cost you to hold the loan for a year. Nevertheless, these short-term loans have very high APRs.

    The APR factors virtually all the elements of the loan, which include the amount you borrow, interest rate, the loan fee, and the period of the loan.

    When choosing the best loan, first remember why you need to borrow in the first place. Then settle for the one with the lowest APR in the worst-case-scenario. How much will you pay when you are unable to pay the loan on time and have to roll it over?

    Though some states have interest caps on cash advances and payday loans, rolling over the loan is way too expensive.

    Cash Advance Alternatives

    Before you go for a cash advance or a payday loan, you should consider other cheaper ways to borrow. Such options include:

    A personal loan – Although banks may lamp high-interest charges on you if you have bad credit, the costs are way much better than anything you’ll get from a cash advance lender. However, processing it might take days, which might not be helpful if you are in an emergency.

    Borrow from friends or family – We all have the brother, cousin, uncle or aunt, or even a friend we can turn to when things are not working for us. While you would like to keep your financial problems to yourself, the money you are likely to save is worth the sacrifice.

    Bank Overdraft – You can use your checking account debit card to withdraw more than your actual account balance.  The bank will levy fees and interest, but you save in the long run.

    Credit Union Emergency Loans – Check out if you qualify for a credit union loan from your society or even the church. Their terms are often friendly.

    State-funded programs – There are lots of state-funded programs that can help you sail through a financial crisis

    Final Word

    In summary, a cash advance comes in handy when you are in a crunch. It is essential to check out many providers before you can settle for one. The best lender is the one that offers you the lowest APR, low costs, and can renegotiate repayment terms if you are unable to repay the loan as scheduled.  But before you go the cash advance, you might want to consider all other options.

    Apply for a Payday Loan Now! | Best Payday Lender 2020

    Our Rating

    Viva payday loan app company logo
    • Loans From $100 to $15,000
    • Instant Application & Approval
    • Bad Credit Considered
    • Lenders From All 50 US States Onboard
    Viva payday loan app company logo

    Glossary of Loan Terms

    A scale showing a high Credit Score
    Credit Score

    A credit score shows your creditworthiness. It's primarily based on how much money you owe to loan or credit card companies, if you have ever missed payments or if you have ever defaulted on a loan.

    A green tick stamp showing Guaranteed Approval
    Guaranteed Approval

    Guaranteed Approval is when, no matter how bad, your credit score its, your loan application will not get declined.

    A stack of coins and notes to show Cash Advance
    Cash Advance

    A Cash Advance is a short-term loan that has steep interest rates and fees.

    A secured padlock and document showing Collateral
    Collateral

    Collateral is when you put up an item against your loan such as your house or car. These can be reposessed if you miss payments.

    A scale with coins showing a high Credit Limit
    Credit Limit

    A Credit Limit is the highest amont of credit a lender will lend to the borrower.

    5 gold stars showing a high Credit Rating
    Credit Rating

    Your Credit Rating is how likely you are to fulfil your loan payments and how risky you are as a borrower.

    A silver cog with a gold star inside
    Default

    If you default on your loan it means you are unable to keep up with your payments and no longer pay back your loan.

    A coin with a green arrow showing Interest Rates
    Interest

    The Interest is a percentage based on the amount of your loan that you pay back to the lender for using their money.

    Piles of coins showing Fixed Interest Rate
    Fixed Interest Rate

    Fixed Interest Rate is when the interest rate of your loan will not change over the period you are paying off you loan.

    A calendar with an exclamation mark showing late payment
    Late Fee

    If you miss a payment the lender will charge you for being late, this is known as a late fee.

    A printed document with a crest showing a Principle
    Principle

    The Principle amount the borrower owes the lender, not including any interest or fees.

    A tag with a dollar symbol highlighting Prime Rate
    Prime Rate

    This is the Interest Rate used by banks for borrowers with good credit scores.

    A and holding a pile of green cash
    Secured Loan

    A Secured Loan is when you put collateral such as your house or car up against the amount you're borrowing.

    A hand holding cash with an unlocked padlock
    Unsecured Personal Loan

    An Unsecured Personal Loan is when you have a loan based soley on your creditworthliness without using collateral.

    Two hands holding an changing interest rate
    Variable Rate

    A Variable Rate is when the interest rate of you loan will change with inflation. Sometimes this will lower your interest rate, but other times it will increase.

    a credit card with gold coins
    AAA Credit

    Having an AAA Credit Rating is the highest rating you can have.

    A small bridge
    Bridge Loan

    A Bridge Loan is a short term loand that can last from 2 weeks up to 3 years dependant on lender.

    A calendar and tools to show an Installment Loan
    Installment Loan

    An Installment Loan is a loan that is paid back bi-weekly or monthly over the period in which the loan is borrowed for.

    A graduation cap and price tag
    Federal Student Loan

    If you obtain a Federal Student Loan to pay your way through College ten you loan is held with the U.S. Department of Education.

    A graph with a magnifying glass
    Financial Aid

    Financial Aid is funding available to post-secondary education students in America.

    A grey bank building with a green dollar symbol inside
    Guarantor

    A Guarantor co-signs on a loan stating the borrower is able to make the payments, but if they miss any or default the Guarantor will have to pay.

    Homes on scales balanced with money
    Home Equity Loans

    Home Equity Loans is where you borrow the equity from your property and pay it back with interest and fees over an agreed time period with the lender.

    London Inter Bank Offered Rate
    LIBOR

    LIBOR is the London Inter-Bank Offered Rate which is the benchmarker for

    Gold coins being fed into a larger doller weight
    Debt Consolidation

    Debt Consolidation is when you take out one loans to pay off all others. This leads to one monthyl payment, usually with a lower interest rate.

    FAQ

    How do I repay a cash advance?

    If you did not write a check during the application, you must have provided your checking account details and authorized an ACH to allow the lender to withdraw a specified amount on the cash advance due date. Alternatively, you can walk to the outlet and repay the loan in cash as you took it.

    I have bad credit, can I apply for a cash advance?

    Yes! Cash Advance is a short-term loan provided by lenders to people with bad credit. Those with excellent credit qualify for quality credit products and may find such a loan too expensive to borrow.

    Can I repay the cash advance early?

    Yes. It is to your advantage to settle the loan as quickly as you can to avoid accruing any further interest.

    I’m unable to pay the whole amount on the advance due date, what should I do?

    Every lender has a way how they handle such a situation. It is best to talk to them and work out an amicable solution out of the problem. It is why you need to know how the lender handles such a situation before going for the loan.

    How quickly can I get the money?

    Once you walk into the store with all the requirements, you will get the funds as soon as you fill the forms. But in other cases, you may have to pick your funds or check the following business day.

    US Payday Loans A-Z Directory

    All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
    thadues

    Thadeus Geodfrey has been a contract writer for Lernbonds since 2019. As a fulltime investment writer, Thadeus oversees much of the personal-finance and investment-planning content published daily on this site. With a background as an iGaming expert and independent financial consultant, Thadeus’s articles are based on years of experience from all angles of the financial world.