Cash Advance Articles No Credit Check Cash Advance Loans - 3 Reasons to Use a Payday Loan Lender Tip! Many of the loan companies cannot loan less than $1000, but cash advance companies may see your $1000 loan as a large loan and add on a large interest rate as well. Cash advance loans allow you to get emergency cash in a matter of hours. Without wasting time driving around town or waiting in line, you can be confident that your cash will arrive in your checking account the next day. You also don't have to worry about credit checks or credit documentation. Payment flexibility is also an appealing feature of payday loans. These three reasons are why so many people use cash advance loans. 1. Speed, Speed, Speed Did we mention cash advance loans are fast? Probably the number one reason to get a cash advance is that you can get your hands on your cash in a matter of hours. Filling out the application just takes a few minutes, and then you will see your funds the next day. If you use a no fax process, filling out the application process will take less time. However, the approval speed can be quicker when you fax in documents. Once your application has been reviewed, your cash advance will be directly transferred to your checking account the next day. Some lenders will even do this in a matter of hours. You can't get cash any quicker than that. 2. No Credit Worries Payday loans are one of the few types of credit that don't require a credit check. You don't have to worry about your payment history or credit score. All cash advance companies are concerned about is that you have a reliable source of income and are at least 18 years old. Tip! Many people see a cash advance loan as their last resort because they have no other options for getting a loan. Payday loans are considered high risk. That is why their rates are higher than other forms of credit. However, for a short term fix, they can be a valuable financial tool. 3. Flexible Payment Plans Online payday loan lenders also offer flexible payment plans. You can decide to pay the entire amount on your next payday, which will keep your loan costs to a minimum. Or you can decide to do installments, paying financing fees and a portion of your principal. The final option is to only pay the financing fee and delay principal payment. You can only do this for a couple of pay periods, usually three or less. Here are our Recommended Payday Loan Companies online. Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans.