Getting a $1000 cash advance is not an easy feat to do, but it’s not impossible.  What it depends on is the amount of money that you make.  If you’ve happened to have read our post on getting a $500 cash advance, you know what you’re getting into, but if you haven’t keep reading and you’ll quickly understand what it’s going to take.

Since cash advances have such short terms and no credit check, the main thing that cash advance lenders are going to look at is your income.  Generally speaking, a lender is not going to give you more than 25% of your gross monthly income.  Gross monthly income is the amount that you earn each month, before things like taxes, insurance, retirement, and all of your other deductions are taken out.  That means that in order to get a $1000 cash advance, you need to make $4000 a month.  That will probably break down to a biweekly paycheck of at least $1500.  The problem is that most of us don’t earn that much money!

To figure out your GMI, grab your last two paycheck stubs and add up the largest amount on there.  It’s usually called ‘gross earnings’ or something to that effect.

If you make close to that amount, but not quite, you may have another option.  This method requires that you’ve used cash advances in the past, and paid it back on time without issue.  Going back to the lender that you used last time will allow you get borrow more money because the lender now sees you as much less of a risk.  You can leverage that relationship that you have with them to borrow more than you would from a new company.

So what can you do if you aren’t able to qualify for anything close to a $1000 cash advance?  The options that you have are determined simply by how much time you have.  If you have a couple of days to raise that kind of cash, there are quite a few things that you can do.  You can check out our page on jobs that pay cash, or you can look at other options.

When I’m facing a situation like this I usually turn to the people that are close to me.  Not to borrow money, but to see if there are any jobs that I can do for them to earn some money.  Most of the time they will respect my decision not to borrow money, and try hard to see if there is anything that I can do for them.  Generally this leads to some landscaping or handyman work, and my wife will end up doing some babysitting.  It works without fail!

Same day cash is easy with a cash advance, but when you need more than you can afford to borrow it becomes very stressful.  If you can qualify for that much, that’s awesome, you have your work cut out for you.  If not, use some of the other ideas that are shared above.  Most importantly, don’t do anything that you’re going to regret later on.  Like all problematic situations, this one will pass, don’t make any hasty decisions that are going to cause more problems in the future!