Finding a cheap cash advance is easier than you probably think it is.  Cash advance lenders are always looking for new customers and are willing to drastically reduce their rates to get them.  You can very easily take advantage of this with some smart searching, or by spending a little more time on this site!  In this post I want to break down how much you can expect to pay for a cash advance, as well as offer three solid tips for finding cheap cash advances.

As a rule of thumb you can expect to pay $18 and $25 for every $100 that you borrow, but that fluctuates depending on what state you live in.  Some states don’t have a cap on interest rates, and others have very tight ones.  Rather than try and go state by state to calculate your cash advance, let’s just leave it at around $25 per $100!

3 Tips For Getting A Cheap Cash Advance

1. The first thing to look for is lenders that are offering first time borrower specials.  Payday Max is known for this, but they don’t lend in a lot of states.  These are more common than you probably think, and you might have an easier time calling around to your local lenders.  Simply ask them if they’re running any specials and you’ll quickly know.  This saves a ton of time over trying to figure out who the legit lenders are online, then wading through those sites to see if they have any deals.
2. Another way to save money is with discount coupons.  Again, these are also pretty common.  Right now on our List Of Cash Advance Lenders page we have a discount code for CashNet as well as their Canadian and UK companies.  You’re more likely to find these coupons on sites like this than you will on the lender’s page, but they are definitely out there.  Sites like this are affiliates of these lending companies, which means that we earn a commission on completed loans, so the big companies give us these coupon codes to help us out.  That’s probably more than you wanted to know about cash advances, but the more you know the more likely you are to be successful with your loan.
3. The last tip is to simply go with the lender that has the cheapest rates.  This sounds pretty obvious, but there’s a simple tactic that you can use to make it happen.  Learn how to use tabs in your internet browser, usually ctrl+t to open a new one, then use different tabs to view different lender’s websites.  On each of those sites find the page that has the chart of rates for your state.  From there you will be able to directly compare how much you’re going to pay based on loan amount and length of the loan’s term.  It’s really that easy!

Following these three tips will make sure that you pay as little as possible for your cash advance.  Reducing your loan payment is one of the best ways to make sure that you’re able to get same day cash and pay the loan back successfully and stay out of debt.

*Bonus 4th Tip*

Another way that you can save money on your loan is to borrow with a company that doesn’t charge prepayment penalties and then pay your loan back early.  This can be tough to do, but if you’re able to afford it, it saves a ton of money.  The longer that your loan is out, the more it’s costing you, so if you’re able to pay it back before it’s due, you’re saving even more.