Money is a critical aspect of daily living as it helps in the payment or purchase of things we need daily. The lack of cash makes life difficult since meeting daily needs becomes a struggle. In extreme cases, being unable to meet everyday needs makes it even more stressful, especially if you are the breadwinner in the family. Sometimes, you need more than the money you make in a month to cater to your monthly needs for one reason or another, making it necessary to acquire extra cash to fill in the gap. Different ways to get extra money include bank loans, online applications, borrowing, and cash advances.
Loans require several credit checks to ensure you are eligible for the loan and can make payments with no records of defaulting. The checks delay the process and limit your chances of successfully getting the loan, and this works to your disadvantage since you need the cash urgently. Dave provides a cash advance service with multiple benefits, making it a suitable option for your money needs. The different benefits of the cash advance provided include the following:
Quick cash
In most instances, when you decide to take out a loan, it means that you have an emergency expense that you can’t meet at the moment and need to meet urgently. The urgency of the situation is the one that pushes you to take a loan since it’s not possible to wait until you get the next paycheque to have it sorted. If there are any delays in the loan acquisition process, then this causes you further stress. Cash advance has a turnaround time of five minutes or less and the capability of getting up to $500. The fast loan acquisition process works perfectly to help you meet your urgent money needs without struggling.
Easy application process
The loan application process tends to be stressful, given the amount of documentation that must be filled out to get the applicant’s information. Additionally, the scrutiny process takes time to ascertain your creditworthiness. Dave’s cash advance has an easy application process that takes less than five minutes to get approved. The process includes downloading the application, linking your bank securely, and sending money to the Dave spending account. The quick and easy process makes it possible to get extra cash to solve your needs.
No credit checks
Credit checks help determine how credible you are to access a loan, which is time-consuming and minimizes the possibility of qualifying. You must have a good credit record to get the loan, and any credit issues automatically make your loan application denied. Dave’s cash advance provides you with extra cash with no credit checks, making it easy to get the loan quickly and without much struggle. Additionally, the process is simplified since there’s no need to fill out credit check documentation, further simplifying the application process.
No late fees
One of the things you consider when taking a loan is the charges involved, like the processing fee, interest rates, and late fee charges. The various charges enable you to plan well and decide whether to proceed or not with the loan. Lateness in paying a loan could sometimes be more intentional, but due to unforeseen circumstances, sometimes this leads to hefty fines in the form of late fees. Dave’s cash advance has no late fees, which further makes them suitable for your quick cash needs and makes it easy to clear the loan without any additional amounts.
Different uses of cash advance
Different individuals take cash advances for varied reasons, depending on their individualized needs. The need determines the amount one requires and applies for, and its quick and easy access makes it easy for one to meet their needs and live stress-free. Some of the different uses of the Dave cash advance include the following:
Food and groceries
Basic needs within the household are vital for the healthy living of everyone and must always be met. Eating healthy and well helps prevent various health issues that require more money for medical bills. An analysis of Dave’s cash advance members shows that 56% of the applicants use the money for food and groceries, which is the majority. This further highlights the importance of having enough food within the household to take care of yourself and your household.
Gas
Mobility is critical in helping you move around from one place to another for work or running personal errands. To be mobile, you need gas for your vehicle, which gives you the ability to run your errands. Lack of money for gas hinders your movements, and that’s where cash advances come in to fill in your money shortages and ensure that you have enough cash to buy gas.
Car payments and insurance
Your car helps you to get from point A to point B, and the payments need to be up to date to avoid it being repossessed or having issues with the law. You need to meet the car payment deadlines consistently, and if you can’t make the payments when they are due, Dave’s quick cash advance comes as a solution, enabling you to avoid missing your expenses, which would further affect your credit score.
Rent and utilities
Having a roof over your head is vital, giving you a place to lay your head after a long day at work or running errands. Meeting your rent and utility bills gives you the desired comfort within the home and minimizes the possibility of foreclosure. Dave’s cash advance provides you with the extra cash to meet your rent and utility bills if you run out of money.
Conclusion
A cash advance gives you the extra cash to cater to emergencies or needs. The cash advance has different benefits, which provide you with the financial capacity to take care of your different needs like food and utilities, gas, rent, and utilities. The quick access to the cash advance and high limits make it a suitable option for anyone with a cash advance need.
