Virtu Vend

In the state of Florida, the cash advance loan available for the first time can reach up to $1000. The amount that can be approved depends on certain factors as follows. The monthly net income is one such factor. The lending institution cannot make a cash advance that is more than the amount that the borrower can repay. The length of the current employment is another factor. The third factor is if currently the borrower has any payday advance (like payday cash advance, short term loan, payday loan or paycheck advances) with any other lender. After approval of the cash advance loan, the borrower is contacted by phone and told about the amount of the first cash advance as well as the repayment date. The requirements to apply for payday loans are as follows. The borrower must be currently employed or should have a regular source of income. His earnings must be minimum $1000 per month. He must be a citizen of the United States and minimum eighteen years of age. He must have a checking account. The borrower should not be active in the military. Credit problems, charge-offs, bounced checks and bankruptcy are not a hindrance in getting payday loans. Some lenders may have some other requirements also.