Other Loans

Payday Loans and Cash Advances are short-term loans for individuals or businesses to help them make ends meet. These terms are used interchangeably but they are essentially the same in this arena of financial products. Shown below are some of the most common variations of these loans.

Self-Employed
These are loans specifically designed for self-employed people. The most common terminologies for these loans are payday loans for self employed, self employed cash advance and self employed payday loans. Normally you must have a consistent sources and amounts of income in order to qualify for these. However, more and more people are becoming self-employed and the self-employment income is not always consistent. Therefore these loans are structured based on the the inconsistencies of the amounts and sources of income. Which allows for more equitable processing and approval of these types of loans.

Military
The most important thing about these types of loans is that not all payday loan or cash advance providers offer services to military members, family members or retired military. So armed forces personnel and family members should look for companies who specialize in these types of loans. There are several products on the market for military personnel. They are payday loans for military personnel and cash advance for military. Most people will simply search the term military payday loan. However, you may come across other terms. For example, cash advance military, military cash advance loans, military payday loans no credit check and military payday loans online may be some additional terms you will see. All of these are synonymous with being specifically targeted to military personnel in providing short-term cash for meeting financial obligations.

Christian Payday Loans
These payday loans are the same as any other payday loan. They carry the same similarities for repayment, interest rates and fees. They are primarily marketed to those who are Christian or have similar spiritual beliefs. People may feel more comfortable and feel that these providers are safer and more trust worthy than other payday loan providers. This terminology in the payday loan market is rather new, but again business use it get an edge of others in the market.

Restaurant Cash Advance
These are cash advances provided to restaurants with payment taken from future VISA and MasterCard revenues. There are no fixed payment amounts because your revenues will fluctuate monthly depending on your business sales. The benefit in that is the months that your credit card revenues are low your payments will be lower. This is a finance option for businesses that may not be able to obtain a traditional loan from banks or credit unions. The process is fast and generally does not require collateral. The restaurant owner can use the funds for whatever they choose.

Student Cash Advance
Student cash advances or payday loans are specifically for students who are 18 years or older. The students can use these funds as they see necessary. Most students use these funds for books, dorm accessories, meals or whatever they choose. These products are simple to obtain and normally do not require a credit check.

Renters Cash Advance
These cash advances operate under the same general terms as most other cash advances do. They are targeted to those individuals who are looking for financial assistance in meeting their rental obligations. Lots of things can happen during the month prior to your rental due date which can cause you become short on the full amount of rent you owe. Utilizing one of these advances will aid in making sure that you cover this important expense.

VIP Cash Advance or Elite Cash Advance
VIP (very important person) or elite terminology is used to make people feel that they are being given priority service. In most companies they offer VIP or elite loan processing to returning customers. New customers are shown the same treatment as any other new customer. This is a very competitive business and companies need to establish any edge that they can. Most of these companies specialize in providing monies to people within 24-hours or same day (in some cases). So fast processing isn’t necessarily an edge.

Personal Injury Cash Advance
These are cash advances provided to individuals who suffered some form of personal injury and they will be receiving a lump sum payment for those injuries. In the last few years numerous companies have ventured into this business. Whereby they will provide a pre-settlement loan/advance on a portion of the expected lump sum payment the individual will receive at some point in the future.

Inheritance Cash Advance or Probate Cash Advance
These are cash advances provided to individuals who are expecting a large inheritance payout. This can be especially helpful if the estate is in probate, which can take a while to settle, or the will of decedent is being contested. Companies will provide advances on a portion of the expect amount of the inheritance.

Cash Advance Bankruptcy, Payday Loans Bankruptcy and Bankruptcy Payday Loans
These loans remind people that even if they have had a previous bankruptcy they are still eligible to apply for these types of financial products. Most traditional financial establishments will not lend money to individuals who have had a bankruptcy. So people need to have another vehicle to go to when they have cash shortfalls.

Rebate Cash Advance
This cash advance is fundamentally the same as any of the others. With the competitiveness of this industry companies need to establish highly visible names in order to stand out from the rest. This name is different from the run-of-the-mill cash advance names and so it has a chance to stand out and generate more business.

Pension Cash Advance
Some payday loan and cash advance companies will not allow you to borrow if you only pension based income. These types of cash advance companies specialize in servicing people whose only source of income is pension based. They accept mostly all pensions military, teacher, government, private company, etc. Some of these companies only lend to people who have these types of income.

Lawsuit Cash Advance, Lawsuit Settlement Cash Advance and Settlement Cash Advance
These types of cash advances are similar to your personal injury advances. These are marketed to people who are involved in lawsuits. These companies will provide an advance of a percentage of the anticipate award of the lawsuit. This ensures that while you are fighting to settle a suit your other financial obligations are still met. Other terminology you may see in relation to these types of cash advances are cash advance on lawsuit and cash advance lawsuit.