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If you run out of money before your check arrives, you can get cash through a check advance. Often called a payday loan, you can get money to tide you over until pay day. These loans are usually issued for short terms, such as 10 to 14 days. The basic requirements for this type of advance are:
* You must be over 18 years of age
* You must be employed and have a pay check coming in
* You must have a bank account

When you apply for this type of loan, you usually don't go to a bank. There are many agencies that deal in this type of borrowing and are open longer hours than banks. You will have to supply a copy of a recent pay stub to verify that you are working. Many people are under the misconception that they can just drop into one of these places and come out with the money they need. However, you do have to apply, provide proof of age and employment. The money is deposited into your bank account within 48 hours.

Although it is great that this service is available, the borrowing rates are quite high. You do have to ensure that you have the money you need to repay the loan when you get paid and still have enough money to last you until the next payday. If not, it could become a trend and cost you more in interest charges. Getting an advance on your check is great for times of emergency when you need cash in a hurry, but you have to be careful that you don't become dependent on it.

With today's technology, you can actually apply for an advance online. This works well for those living in rural areas. It is also good for people with bad credit because there is no credit check in order to get the money you need.

For lots of information on check advances and other loans related topics, visit Your Loans Guide at http://www.yourloansguide.com