The salary advance, an international practice
That old custom that in our times we called "get a voucher" or "ask for an advance" is a practice that credit providers have gradually adopted and more so now that the Internet facilitates access to millions of users with this need. .
The case of Personal cash advance it is one of them, based on a quick system through which people can make an advance of their salary with a credit that is paid at the end of the month or the day they receive their payment.
How it works:
Well, the electronic practice is not very different from how it was in other times, basically you provide data such as your name, data of the company where you work and your monthly income ... and of course how much you occupy. Then they confirm if you will receive that income effectively and the system returns you in a very short time a response regarding the amount you apply and if you agree the next day you have it deposited in your savings account.
What requirements are there:
Currently, in the case of Personal loan only residents of the United States apply. It is a requirement to have income of at least $ 1,000 dollars on a regular basis and be over 18 years of age with a savings account in a bank with a presence in the United States.
For some reason, people who are active in the militia do not apply.
Advantages and disadvantages:
Well, a great advantage is the option to cover emerging commitments of up to $ 1,500 immediately under a secure system.
Another great undoubted advantage is that it works completely online, so that if someone has the inescapable need for an urgent credit, he can do it from his computer.
It is interesting that this system does not penalize you for having been in a risk center or having a bad credit history because the guarantee is the salary for that month.
Disadvantages? ... the continued practice of this possibly causes imbalances in your economy, just as it happened in other times that the lender was looking for you every Saturday when you left your job :).