Cash Advance: Fast Cash for Financial Support in Canada

June 11, 2010 - PRLog -- A section of the people of Canada experiences shortage of money any day in the middle of the month. This happens when they have to clear medical bills or to find money for repairing their vehicles or for paying the school fees for their children. This time they need such funding immediately or as fast as possible. Cash advance Canada is a great option for these people.  

The lenders decide how much money they will advance. When they take this decision monthly income of the borrower is considered. In this way cash advance Canada may be available between CAD 80 and CAD 1500 only. It should be noted that the borrowers get very small time to pay back this loan. They are given 7 to 31 days for repayment of the loan. Interest for loan is charged at very high rate. The borrowers must consider this when they get the money.  

In order to be entitled to secure cash advance Canada the applicant must satisfy the following conditions:    

1. He/She must be citizen of Canada and must have completed 18 years of age  

2. He/She must possess active checking account in Canada  

3. He/She must have regular source of monthly income  

There are some advantages in cash advance Canada.          

1. The finance market provides two varieties of loans: secured and unsecured variety. In case of the first variety the lenders require some valuable property of the borrowers to be used as collateral. It is not necessary for cash advance Canada. The loan is available in unsecured form where there is no tagging of collateral property.        

2. Some people fail to clear their existing loans. They default and stop payment and gradually earn a bad name in the finance market. They develop history of bad credit.  Lenders do not want to loose money and reject their application. People with history of bad credit can still obtain cash advance Canada.    

People seeking cash advance Canada do not face much trouble. They live in an age of internet. It is possible and easier to apply online. When the lender approves the application they send the money to the bank account of the applicant within 24 hours. Thus hassle free fast cash reaches to the bank account of the borrowers.

Simon Ray is financial advisor of Cash advance payday loans Canada.For more information about Cash Advance Canada, Canada Payday loans visit http://www.cashadvancepaydayloansca.com