Bullet Cash Advance FAQ
What is a Bullet Cash Advance loan? This is when a loan is granted to you because you have proof of employment and can use your forthcoming paycheck to repay the loan. For this reason, it is a short-term loan, with few exceptions, that is repaid as soon as you receive deposit of your own next paycheck. That is also why these loans are sometimes known as payday loans. And unlike many loans, your credit rating and payment history are not of interest to lenders.
Can I use a Bullet Cash Advance loan for anything? Anything at all. While they are primarily for emergency situations, what you deem to be an emergency is your business. For one person, it might be a doctor's bill. For another, it might be groceries. For another it might be an anniversary present that couldn't wait until payday. What matters to a Bullet Cash Advance lender is how much you need and whether you can pay it back with your next paycheck. The rest is entirely up to you!
Can anyone qualify for a cash advance? Anyone can apply for a Bullet Cash Advance, but not everyone will qualify. The good news is that if you are gainfully employed, Bullet Cash Advances has a large network of less-then stringent lenders, which means your chances of getting approved are much higher. But lending criteria are not up to Bullet Cash Advances, and will depend on an individual lender. Lenders typically require that you earn a certain amount of money each month, have a job, are at least 18 years old, are a U.S. citizen, and have a valid checking or savings account, but these requirements vary by lender.
Does a Bullet Cash Advance make payday loans? Bullet Cash Advances is not a lender. They process applications and match people like you to the right lender, based on your needs and qualifications. But unlike some who simply put lenders in touch with you, a Bullet Cash Advances allows you to apply online at their site. Which means when a lender contacts you, it is to let you know if you've been approved or not.
What is the maximum loan I can get through Bullet Cash Advances? It depends on your earning power and the criteria of the Bullet Cash Advance lenders. But regardless of the specifics, unlike many payday loan sites that have maximums of $500, Bullet Cash Advances has lenders on their network who will lend as much as $1500!
What is the term of a Bullet Cash Advance loan? Term refers to the length of time you have to pay back your loan. And this will depend on a number of factors, including how much was borrowed, your pay schedule period (weekly, bi-monthly, monthly) and the requirements of your lender. Most of the time, however, the cash advance loan payment will be deducted from your account the same day as your next payday. But this is not necessarily so.
