In 2023, getting a cash advance loan couldn’t be any easier. Many lenders have gone digital and now have a smartphone app that will let you apply for funding within a matter of minutes. Here’s what you need to know about applying for cash advances on a mobile device:
How can I get a cash advance using my phone?
If you’d like to apply for a cash advance loan from the comfort of your home using your personal smartphone, then follow these five steps:
1. Research potential lenders
First, you’ll need to find a reputable cash advance lender. Not all providers are created equal, so it’s important that you know who you’re working with and if there have been any complaints filed about them from previous applicants.
You can easily find the top-rated lenders online and then read reviews about each one. Additionally, don’t forget to check the Better Business Bureau’s website.
2. Download the app to your phone
Once you narrow down which cash advance lender you’d like to work with, the next step is to download their app onto your mobile device. Before downloading the app, though make sure that you’re getting the lender’s authentic app, especially since you will need to share sensitive information in order to apply for the loan.
3. Set up an account
As with many new apps, you’ll most likely be prompted to set up an account the first time you use it. Fill out the usual prompts, such as choosing a username and password, and entering your personal information (name, address, and phone number).
4. Apply for the loan
Through the app, you can now apply for a cash advance loan. If the lender has more than one option, be sure you know the differences ahead of time and choose the product that best fits your needs.
While applying for the loan, you may also be asked to make a connection to your bank account. Since many online lenders transact the funds wirelessly, this will be the typical route that allows you to receive money and pay the loan back.
5. Plan for repayment
Receiving the funding from the cash advance loan is just the first step. You also want to make sure that you have a plan for how you’ll pay it back before the loan comes due. Be sure to do this so that you can avoid having to apply for an extension, which may or may not be available and will usually involve paying additional fees.
Is applying for a cash advance with a mobile device right for me?
Finance apps have made it extremely convenient for people to get the money they need quickly and without having to go to a physical lender. However, digital technology like this is not for everybody.
If you’re someone who is very comfortable using a smartphone and navigating the Internet, then using a mobile app may be a great choice. On the other hand, if you’d rather avoid technology and would prefer to work with someone in person, then visiting a brick-and-mortar cash advance retailer might be the better option for you.
The bottom line
Mobile apps have made getting a cash advance loan a breeze. After finding a reputable lender and installing their official app, all you need to do is create an account, connect it with your bank, and fill out the application. However, if you’re somebody who would prefer to avoid technology, there are also plenty of physical, retail cash advance providers that are ready to serve you as well.
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