• The cash lending facility a borrower visits has its own rules to determine whether a borrower qualifies for a cash advance. A borrower must meet age requirements, have a valid checking account (some companies allow a savings account) and be employed with a minimum gross income. Fees are associated with cash advance company loans, including late payment fees, returned check fees and loan interest fees that borrowers must agree to in order to qualify for the cash advance.
  
  

Age Requirements

• Most cash advance companies require the borrower to be at least 18 years old; some companies require the borrower to be older than 18, but this varies by the laws of the state and regulations of the lending company. Cash advance companies may not be able to press charges against a borrower for defaulting on a loan, but the lender can take the borrower to civil court to get the money back. In order for a lender to have any legal rights, the borrower must sign the cash advance contract. For the cash advance contract to be legal, the borrower must be at least 18 years old.
  
  

Valid Banking Account

• A valid checking account is generally a must when a borrower takes out a cash advance loan. A recent bank statement (typically dated within 30 days of the cash advance application) is necessary to qualify for the cash advance. The bank account is needed so the lender has the right to debit the borrower's account for the funds if he doesn't pay the loan off. When the borrower takes out the loan, he typically gives the lender a personal check (sometimes more than one depending on the amount of the loan) for the loan and the fees associated with the loan. The borrower may come in and pay the loan back, or allow the lender to cash the checks to retrieve the funds. The cash advance lender almost always verifies that the bank account is open and in good standing.
  
  

Employment Qualifications

• A borrower must be employed at the time she applies for a cash advance. The lender doesn't typically call the borrower's employer to verify her employment, but each cash advance lender is different. Generally the lender requires the borrower bring in a copy of her most recent pay stubs, which verify employment and income. Although cash advance lenders typically don't verify employment, the borrower should be honest and have valid pay stubs in case the lender chooses to do so. Falsifying pay stubs and other employment documentations could disqualify a lender from receiving the cash advance. Borrowers must meeting certain income guidelines. The amount of the cash advance is determined by the gross income a borrower has. The more wages she earns, the more she may receive in a cash advance.