When people are in need of fast money, the first place that they turn is usually not the local bank. There are a couple of reasons for that, with the most important of these being that the banks will often take weeks or even longer to approve an application. In addition to that, many people simply cannot meet the stringent credit requirements that the banks set forth. Usually, the fastest way to get money is to visit a facility offering Check Cashing in Louisville KY.
While a facility like this does offer traditional check cashing, they also offer cash advances. The cash advances are based upon the ability to repay and the holding of a bank account. The ability to repay is demonstrated through paycheck stubs in most cases. Each check-cashing facility has their own minimum monthly income, but that amount is usually at least $1,200 per month. Most check cashing facilities want to see a pay stub from a traditional job. However some facilities will allow cash advances based on disability or unemployment checks as well. As long as a steady, regular income is proven, the odds of getting a check advance are good.
It is important that a blank check is taken to the check cashing facility when a cash advance is needed. The blank check contains all of the information necessary to get the advance approved. Once the loan is approved, the money will typically go directly into the checking account listed on the blank check. When the due date for the loan arrives, the money will normally be automatically withdrawn, just as it was automatically deposited.
The service fees and interest rates for check cashing advances vary quite a bit according to the provider. In most cases, people find that it is well worth the fee so that they can get their hands on the cash they desperately need at that time. For emergencies, nothing can best check cashing advances. If you want to find out more about Check Cashing in Louisville KY, check out the Money Now website. They offer quick and reliable money for those who need it.
