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With thousands of online lenders offering short term cash advances, finding a cash advance loan company is simple and easy when you are comfortable with the internet and computers. Ever since the economic melt down, the payday loan industry has been growing at a rapid pace particularly in America. With more and more Americans turning to short term loans to tide over financial emergencies, the lending community has acknowledged this as a great opportunity to make a fast buck at the expense of the borrowers.

Social activists, Senators and even the federal government has been seized of the rapid growth of the short term loan industry and some of the practices followed by the industry. The social activists have been quick to point out that the lending community is exploiting the unfortunate borrowers through high cost lending coupled with terms that only make matters worse for them. As a consequence, many states across the nation have made significant changes to the usury laws governing short term lending. Therefore borrowers looking for a legitimate cash advance loan company would be at an advantage updating themselves on the legal provisions that govern the functioning of a cash advance loan company in their state.

It is important however, that you find a legitimate cash advance loan company to get competitive rates and convenient terms that align with the state laws. One way you can simplify the exercise is by looking for websites that bring you quotes from multiple lenders on a single page. These websites are often loan brokers and generally work with only genuine lenders since these businesses have a reputation to keep.

Applying to a cash advance loan company and getting approved is similar to any other payday loan lender and can be achieved from the comforts of your home in a short space of time. Any cash advance loan company you choose will require you to be minimum of 18 years of age, have a stable income (proof of income for at least 3 months required), and provide a checking account. Once this information is accurately provided to the lender, you can expect to be approved within minutes and your checking account is credited often on the same day or at best the very next day. Most lenders do not insist on a credit check since the loan is secured through your next pay check and repayable in a maximum of 14 days or the next pay check whichever is earlier. Borrowers with stellar credit do have more affordable options and that is another reason why the credit is waived for sub prime borrowers.

A cash advance loan company is the best option for borrowers who are looking for small sums of money ranging between $100 and $1500 and have strong reasons to opt for this expensive form of borrowing. One way borrowers can minimize the impact of interest and finance charges levied by a cash advance loan company is by using the loan amount to pay off another debt or a bill that would anyway attract penal charges if the payment is delayed.