The first time I tried this I was terrified. I was worried about my loss of privacy, I was nervous about making my financial situation public, I was scared that it was all a hoax and there were no payday cash loans and I dreaded the thought that the bank manager and the clerks in the bank would all be laughing at me. When I checked my balance in the morning I found that $1500 had been deposited into my account. I cried with relief.

It was all painless. It the smoothest financial operation I had ever made. We had a small emergency situation at home and it had to be fixed right away. The house is old and things keep breaking down. This one was the worst so far, a burst sewerage pipe under the paving in the back yard. The plumber came looked, rubbed his hands and said it would cost about a thousand and then there was the paving. Say $1500 all together. He took another look at my face and wrote a phone number on a piece of paper and handed it to me. Call AdvanceLoan and ask about cash loans online. You'll have the money in the morning. I had no choice.

The toll-free number 1-877-534-5330 is what opened the magic door. The agent was polite and understanding as I stammered out my problem. She helped me with application form and assured me that there was no need for me to fax anything or to supply any other documents. She even told me that I didn't need any personal references. She did tell me that the fast cash loan would be secured against my next paycheck and that's why there is no need for me to worry about having collateral to get the loan.

I asked where I had to go to make the repayment and she explained that the AdvanceLoan.net service is nationwide and runs 24/7, 365 days a year. Its all done automatically via my bank account.

The agent, her name is Lisa, assured me that my application fitted their requirements and that it would probably be approved shortly. I asked what the conditions were and she said the basic requirements are: a checking account, personal identification and proof of income. I could use my post-dated paycheck or my electronic checking account information as the "collateral".

Lisa went on to explain that I would have to write a check for the amount I am borrowing plus an additional administration fee. This check will be given to the lender as collateral. I asked how much I would be paying. Normally, the annual percentage rate or APR of these loans can go up to about 400%! This is why borrowers are often advised to get one only if it's absolutely necessary and not to buy things that can wait until the next paycheck comes. The vision of the plumber with the huge wrench in his hand was enough for me.

Cash loans are the last word in quick solutions for immediate financial needs. As it was, the application and approval period only took a few night hours, so this was perhaps the perfect way for me to acquire the cash. However, with such shortness of the term of this loan comes the disadvantage of having a very high interest rate. I quickly found out that this cash loan, fast and convenient as it was, is expensive. I didn't mind. Another hour of leaking sewerage onto the back-yard paving and I'll have to move out of the neighborhood.
The above information represents a situation that a customer may themselves in when looking for a cash advance loan.