What Is A Quick Cash Advance Loan?
A quick cash advance loan is ideal for those who experience an unexpected cost that needs to be addressed immediately.
If you’re paid weekly, fortnightly or monthly, it can be extremely difficult to see a way out of emergency situations. A cash advance loan from a responsible lender such as PiggyBank can help you to resolve such problems. The cash advance loan can also give you peace of mind, knowing that you’ll be able to pay back the short term loan the next time you’re paid by your employer.
Why Might You Need A Short Term Loan?
Cash advance loans can be helpful for situations like your car breaking down, and you need the cash to get it fixed as soon as possible, but you don’t get paid for another few weeks. Taking out a quick cash advance loan ensures you can get your car back on the road, and you can get to work. You can then pay your loan off on your next payday.
Perhaps an unexpected bill popped up, and you were £100 short to cover the bills before your next payday. As long as you know that you’ll be able to pay the money back, a cash advance loan allows you to cover the unforeseen expense and repay the loan when you get paid. You can read more information about the process on our How it Works page.
What Is The Eligibility Criteria?
We only offer assistance to those individuals who we feel will be able to afford to repay their loan without putting themselves in financial difficulty. So when we pay out cash advance loans, we make sure that we’ve run lots of checks to make sure that the loan is affordable.
To be eligible for a short term loan with PiggyBank, you’ll need to be in full or part time employment, aged 18 or over, and living in the UK. You can find more information here.
Even if you think you have bad credit, and can’t apply for a loan, you may still be eligible for a loan with PiggyBank. We don’t just look at your credit file when making a loan decision, and understand that a poor credit history doesn’t always mean you’re bad with credit.
There are never any hidden fees with PiggyBank. You can see exactly what you should expect to pay back in total, and on what dates. All charges are also shown upfront before someone borrows from us, and we don’t charge any fees for paying off your loan early. If for any reason your financial circumstances change during a loan repayment period, we’ll do everything we can to help you out, and not add to the burden of the financial strain you’re currently in. All you need to do is get in touch.
If you think you might need third party advice about your finances, whether you’ve taken out short term loans in the past or not, you can contact your local Citizens Advice Bureau for free impartial help.