We’re dedicated to providing the average working Canadian with access to fast cash when they need it.
Edmonton, Canada (PRWEB) January 21, 2012
CashAdvance.ca announces the re-launch of its flagship consumer-lending site, featuring an even faster online loan application and a sleek new user-interface. These days, consumers who hit a financial obstacle may find their options limited, especially if they have less than perfect credit. Banks are requiring potential borrowers to provide more extensive documentation than ever before. Even people with good credit are finding it difficult to obtain a bank loan. The new CashAdvance.ca is dedicated to helping Canadians access short-term loans quickly anytime they need help, and from anywhere with an Internet connection.
“We’re dedicated to providing the average working Canadian with access to fast cash when they need it,” stated company spokesperson Wes Markham. “Unforeseen circumstances can conspire to drain the most budget-conscious person’s bank account. In those situations, a traditional long-term loan often isn’t feasible. The updated Canada cash advance site acts like a life preserver to keep working households afloat in stormy seas.”
CashAdvance.ca does not lend money; rather, the site offers consumers access to a network of payday loan providers. When a prospective borrower submits an online loan application, lenders in the network respond with competing offers. The consumer is empowered to pick and choose to get the best loan terms, all without leaving the privacy of home.
Payday loans are typically repaid on the borrower’s next payday. The interest rates and fees on payday loans are usually higher than bank loans, with the tradeoff being very fast approval and funding. A prospective borrower only needs to provide the following to apply for a payday loan via the updated CashAdvance.ca website:
- Recent paycheck stub proving an income of at least $1,000/mo. after taxes
- Employment at your current job for at least 90 days
- Over 18 and a Canadian citizen or permanent resident
- Active checking account
- Active email address
- Active home and work phone numbers
Once a borrower accepts a payday loan via e-signature, the loan funds are transferred electronically into the borrower’s checking account within 24 hours. The whole process sometimes takes as little as an hour from application to funding.
Loans range from $100 to $1,500, with the amount a payday loan provider is willing to lend dependent on the borrower’s monthly income. Since a Canada cash advance is usually repaid within two weeks to thirty days, most lenders will not offer more than a borrower can repay by his or her next payday.