In times of tight financing, many traders lack for liquidity to make even smaller trades in the Forex and commodities markets. But traders who have a salaried job can use paycheck cash advances loans – sometimes called “bad credit loans,” because a credit check is not part of lender criteria, although borrowers of any credit rating are eligible to apply – as a means to take strategic, timely positions in the market.

Online bad credit loans, being relatively new to many borrowers, might be unfamiliar territory. Here are frequent questions and answers on cash advances:

Q: Can bad credit loans be the full amount of your paycheck?
A: No, paycheck cash advances are generally an amount less than your next paycheck. State banking regulations determine the amount, as does the lender, however the loan size can be as high as $1500 (many states restrict it to less than $500, however).

Q: How can a loan not be tied to a borrower’s credit rating?
A: These “bad credit loans” are available to anyone with a regular income, have a bank account and are over 18 years old. A credit score is immaterial.

Q: How long have cash advances been available online?
A: In the mid-2000s (since about 2004), companies began to offer online payday cash advances. This was a significant advance over storefront payday loans borrowing, as the time involvement was cut from two hours to about ten or 15 minutes. It was a transition similar to what happened in banking over the past generation: from standing in line to see a teller to time-efficient ATM and online banking.

Q: How quickly do you get your money in cash advances loans?
A: After completing a ten-minute application (see http://www.cashnetusa.com), the loan approval comes in about one hour (85 percent of loan applications are approved). The cash is in your checking account by the next business morning, cleared and ready for use.

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