One way that companies make the process of applying for a cash advance so fast and easy is by not conducting credit checks. When applying for a cash advance you have to wait for the credit check to come through then the company must check if you are eligible for the cash advance. The process of a credit check takes time, though, and when you are in financial trouble, the last thing you have is time. A no credit check policy cuts down the time considerably, and you can get an answer within a couple of days or even 24 hours as some companies promise.
A no credit check policy is a good thing if the cash is needed quickly, but if you have a poor credit history, then you could find yourself in a bit of a problem. If you know that your credit history is poor, then you shouldn’t be applying for a cash advance or even a loan of any sort as this will just lead you into trouble with no real way out of it–a downward spiral of debt is a could be the outcome.
There are people that want to improve their credit rating and are in need of some extra cash also, so a cash advance could be the way to solve both problems. With a cash advance, you get the extra cash...