Emergencies happen. There is nothing you can do to avoid them. Even people who carefully plan their finances and have an emergency fund can find themselves in a financial crisis. In some cases, a family member or friend can help with a cash gift or small loan, but most people don’t have this option.

On a recent day, a client named “Meg” needed an emergency loan because her air conditioner stopped working when temperatures rose to 98 degrees in Phoenix, Arizona. With three young children and an elderly father at home, she had no choice but to install a new air conditioning unit.

Cash advance loans, also known as cash until payday loans, are small, short-term loans that consumers can use to manage emergencies or everyday expenses. Most Americans who are actively employed and have a steady source of income can get a loan. The amount of cash a client can borrow depends on how much the borrower earns per month. Lenders offer loans from $100 to $1,000.

The popularity of cash advance loans has increased in recent years as more Americans struggle to meet their financial obligations amid a struggling economy. Both white-collar and blue-collar workers use short-term loans to manage unexpected expenses. The fact is, even cash-strapped homeowners who have equity in their homes can’t get a home equity loan or home equity line of credit (HELOC) easily. Also, the loan application process is extremely slow and arduous.

Can I get a loan if I am not employed?
No. Popular contrary belief, unemployment loans do not exist. The only way a lender operates like a business is to ensure that their customers can repay their loans. A person without a steady source of income cannot repay a loan. Consumers should take extra precautions when considering lenders promoting “unemployment cash advance loans.”

How can I get a loan of $1,000?
A quick search for cash advance lenders will yield a wealth of resources, but not all lenders are created equal. Some lenders specialize in small loans and only approve loans up to $250, which are repayable in fourteen (14) days or less.

Lenders, who offer larger, shorter-term loans, are more flexible in setting your repayment period, if you meet loan qualification requirements. A typical loan amount is between $500 and $1,000. Consumers applying for these loans must be able to show that they earn enough to pay off their loan, after all other deductions are taken from their paychecks. Deductions can include health insurance, retirement, alimony, spousal support, wage garnishments, etc. The repayment term of the loan ranges between fourteen (14) days and thirty (30) days.

The loan application process is quite simple and convenient. Most lenders allow consumers to complete a short, secure online application that takes one to two minutes. The application form includes standard queries, such as your contact information, so the lender can verify your loan application. Other important information includes your employment status, biweekly or monthly earnings amount, and the dates of your next paychecks. Most applicants who fill out the loan application form accurately are usually approved instantly and can get a loan within hours.

What if I have bad credit? Can I get a $1,000 loan?
Yes. Fortunately, your ability to qualify for a cash advance loan is based solely on your ability to repay the loan; in other words, your employment status and your earnings. Whether you have bad credit, no credit history, a foreclosure or bankruptcy history, you can still get a loan.

Can I get a loan without a bank account?
The simple answer is no.” Online cash lenders require a checking or savings account so the cash can be transferred to your account right away. If you don’t have a bank account, check with your neighborhood cash store, which you might have an alternative payment option Having a bank account means you can get the cash you need in a few hours.