Everybody feels the effect of money – especially when they don’t have enough. Certain unexpected things can happen in life and some people don’t have the emergency funds that are so crucial. Whether it is a home loan that you can’t afford or an emergency room bill that is racking up your credit card, debt can make a person feel like there is an extra weight on their back where ever they go in life. This is when some consider a cash advance as the perfect solution to their problems.

So, what exactly is a cash advance anyways? A cash advance is a sum of money quickly issued to you by a lender at times when you need it most. Most often, people need cash advances between paychecks to cover unexpected needs such as urgent car repairs, overdraft charges, family emergencies, etc. People can also use cash advances when a lawsuit is settled and the agreement was to receive money over time. With a cash advance from a financial institution, a person can sell their structured settlement and receive all their money in one lump sum. This also goes for lottery and casino jackpot winners. Instead of receiving small payments over time, you can get your winnings all in one shot. Just keep in mind, depending on what state you reside in, each case is individually evaluated on a case-by-case basis.

Who is eligible to get cash advances and how much money can I get? Qualifying is pretty easy and you don't need to worry about your credit. Even bankruptcy, bad credit, bounced checks, charge-offs and other credit hassles don't prevent you from getting the cash advance that you might need. The amount you are eligible to receive with your cash advance depends on many things. Your income, among other factors, will be taken into consideration when a lender is deciding how much money to advance you.

The cash advance industry is growing every year, as it seems more and more people need to pay for things they can’t afford right away. 12 to 14 million households were served cash advances last year alone!  It has been estimated that 70% of us live paycheck-to-paycheck. As this statistic is daunting, it is no wonder why people are turning to cash advance firms to help get the money they need now instead of in the future.