Do you find yourself in need of money to purchase gifts? This could be for Christmas, a birthday, a wedding or any number of reasons. You should try to avoid taking out loans for these types of things but sometimes you just have to do what you have to do. If this is the situation that you find yourself in, you might consider a payday loan or cash advance in Seattle. It could give you the fast money that you need to buy the gifts that will make that special occasion special. If you are familiar with this type of loan, go ahead and apply for one online now. It is the easiest and quickest way. If you need more information, keep on reading and learn the basics on these cash loans.

What exactly is a payday loan?

A payday loan or cash advance loan is a loan that is designed to get you by until your next paycheck, thus the name. Most of these loans are for terms of under two weeks and most amounts are under $1000. The money will be deposited directly into your checking account and the payment will be automatically withdrawn on the date that the loan is due to be repaid.

Pros & Cons

There are a number of benefits and negatives to these types of loans and you should make sure that you are aware of them.


  • The loans are easy to qualify for. Often all you need is a job and a checking account.
  • The loans are quick to apply for. You can apply online and you will get a decision in just a matter of minutes.
  • The loans fund quickly. In many cases, you will have your money on the very next business day.


  • The effective interest rates are high. You are charged fees per the amount that you borrow. The fees are high, making the effective interest rate high.
  • The terms are short. You will be required to pay back the loan in less than two weeks in most cases. You can often extend this time, but that will cause you to incur more fees.
  • The loans are for limited amounts. You can typically not take out a loan for more than $1000.
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