Why do people choose a Payday Loan to borrow money for a short period of time?
Surveys show that while most people typically do a good job of managing their household budgets, most of us need occasional help. An increasing number of consulter choose a Payday Loan to cover unexpected expenses or bridge a short-tem cash shortage between paydays. A Payday Loan is a short term loan that provides a sensible alternative to bounced checks, late payment charges or a tarnished credit rating.

How often do people typically borrow money?
A Payday Loan is a short-tem loan to cover an occasional, unexpected cash shortage between paydays. A Payday Loan doesn't not provide that kind of help intended if used repeatedly to the point of incurring additional debt. We recommend that you investigate other financing options if you are planning on borrowing money beyond your next payday.

Can I change my mind about borrowing the money?
Capital Advance gives you the opportunity to rescind, at not cost, a Payday Loan transaction on or before the close of the following business day.

How does Capital Advance decide what to charge?
State laws regulate loan fees. We offer loans at a competitive rate. If a payday Loan is so quick and easy, why is there so much information on the Loan Agreement and Disclosure Statement? The Loan Agreement and Disclosure Statement is a contract between you and Capital Advance. It outlines the terms of the loan, including the cost of the loan expressed as a loan amount and as an annual percentage rate. It is Capital Advance's intent that you understand all of the terms of the loan prior to completing the transaction.

Can I just pay the loan fee and extend the loan?
Washington State law (WAC 208-630-085) prohibits "roll-overs." Because this is a short-tem loan rather than a revolving credit option, Capital Advance requires you to repay your loan in full on the due date.

What happens if I cannot repay Capital Advance when my loan comes due?
We know that you intend to repay that loan on time. If we deposit your check and it is returned by your bank unpaid, you will be responsible for payment in full plus a returned check charge. Additional loan fees and interest do not accrue if a loan is not paid on the due date. Capital Advance is committed to collecting past due accounts in a professional, fair and lawful manner. A collections representative will contact you to collect the amount due. Your account may be turned over to a collection agency if payment is not made. Capital Advance will not pursue criminal actions or seek civil remedies under your state's bad check statues.

What checks will Capital Advance cash?
Capital Advance cashes all types of checks, including payroll, government, two-party, cashier's checks, money orders, insurance drafts and more. No check is too large or too small for us to cash. Our customer service representatives make every effort to be able to give you cash for your check immediately.

Why cash checks with Capital Advance if you have a bank account?
Capital advance is a quick and convenient check cashing option. We are open extended hours when banks are closed. We give you immediate cash rather than requiring you to wait days for the check you deposit to clear the bank it is drawn on. As it has become more common for banks to refuse to cash some checks, Capital Advance check cashing services offer a quick and convenient alternative.

How much does it cost to cash a check?
Capital Advance charges a small percentage of the face value of the check, depending on the type of check. It is our goal to charge a competitive rate. Rates are posted at our store and rate cards are available. Any money orders are always free with check cashing at Capital Advance.

Why get a Payday Advance?
Typical payday loan customers are hard-working, middle-class people with average annual incomes ranging from $25,000 to $45,000. An unexpected household emergency can lead to temporary cash flow problems even for those with relatively high incomes.

The service fee for a payday loan is less costly than the alternatives - bounced check fees, late payment fees and damaged credit ratings. Even when expressed as an annual percentage rate (APR), the rate for a payday advance is usually lower than the APR of a bounced check.

A payday advance enables a customer to get a small amount of cash for a short period of time against his or her next paycheck. A customer with an active checking account and a job (or regular income) may obtain a loan by:

1) Reading and signing an agreement disclosing the terms and conditions of the transaction
2) Writing a post-dated check for the loan amount plus the fee
3) Capital Advance will provide immediate cash for the amount of the check less the fee.

Capital Advance will hold the check for the agreed time period, usually until the customer's next payday. At the end of that time, the check is deposited or the customer returns with cash to reclaim the check