- Can I get the money elsewhere? Keep in mind that a cash advance online is great for emergencies, but it is also very expensive. Consider whether you can get the money you need elsewhere before you look into online cash advances.
- Is my lender trustworthy? If you do business with a dishonest cash advance lender, you are taking a huge risk that you will later regret. Don't sign any documents until you're convinced that you can trust your lender. A step in the right direction is finding your lender through a referral site like ours.
- What is the APR of the online cash advance? You can ask your lender directly what the APR (annual percentage rate) of your cash loan is or you can look at the documents that your lender provided you. Your cash advance agreement will have the number listed in bold.
- What is the total cost of the cash advance? You are going to owe more on your due date than you originally borrowed because of finance charges and other fees. Find out exactly how much you will owe on your online cash advance when the due date comes.
- Do I have the means to pay back the advance on time? Making sure you will have the resources to repay your online cash advance on time is part of responsible borrowing. Taking additional time to repay will overwhelm you with fees and interest.
- When will I receive my payday advance? Ask your lender for an estimate of when the funds of your cash advance online will be deposited in your account.
- When is the repayment due date? Find out the exact day and time your online cash advance is due. This information should be provided in your loan contract.
- How do I repay the cash advance? Every lender has a unique procedure for collecting payment on online cash advances. Ask your lender how repayment will work.
- What happens if I don't repay my cash advance in full on the specified date? You should always be prepared for the possibility that you might not be able to repay an online cash advance on the first due date. Find out from your lender what will happen and what you'll be charged if you take more time to repay.