Frequently Asked Questions about Cash Advance Coach

Here are the answers to the most commonly asked questions about cash advance coach.

What is a cash advance coach?

Cash advance coach is a website that offers support, information, and referrals for people who need to borrow a cash advance. Essentially, we "coach" our visitors through the borrowing process to make it faster and more pleasant. We try to provide quality information on our site that will impart sufficient knowledge that our visitors can make informed borrowing decisions.

Are cash advance interest rates regulated by the federal government?

For members of the armed forces, yes, the federal government has set limits on how much cash advance lenders can charge in interest. However, for civilians, the interest rates of cash advance lenders are regulated by the states. You can contact your state government to find out more about the regulations for your state. Some states have more stringent interest-rate caps than others, but all states have regulated the payday loan industry to some degree.

I don't have a job, but I receive regular government benefits. Can I still get a cash advance?

Eligibility criteria will depend on your individual lender. Mostly, though, cash advance coach lenders will lend to anyone who has a job or receives regular income in some fashion, as long as you meet their minimum income requirements. For example, if you receive a social security check every month through direct deposit, you may be able to get a cash advance even if you're not employed.

Do you issue cash advances?

No, a cash advance coach is just here for guidance and referral purposes, not to actually extend loans. We provide free informational services, but we are not a lender of any kind.

How are cash advances different from payday loans?

Usually, the terms "cash advance" and "payday loan" are used synonymously. So, more than likely, you're talking about the same thing: a small cash loan against your next paycheck that is issued over a brief period of time.

Do I need to have a good financial record to get a cash advance?

One of the advantages of cash advances is that almost anyone with a job and a bank account can qualify for a loan, despite your past financial mistakes (varies by lender). Your loan is secured by your paycheck, which means your financial history is irrelevant to most lenders.

I have questions that are not answered here. Whom should I ask?

If you have questions that cash advance coach did not answer on this page or on our site, feel free to contact your lender for more information. You can usually find your lender's phone number and/or email on the front page of their site. It's almost better to ask your individual lender your questions, as each lender will have varying policies.