Frequently Asked Questions
What is a Cash Advance (also known as a Payday Loan)?
A cash advance/payday loan is a convenient way to meet short-term financial needs when unexpected expenses arise. These loans are based on a percentage of your pay and are typically due on your next payday. It’s a quick and easy process. You write a personal check for the loan amount plus a fee, we cash the check and hold it until your payday.
How much can I borrow?
Cash advances can range from $50 to $500.
What do I need to qualify?
Advance U Cash is committed to responsible lending, and a simple and easy process. We require steady employment, an established checking account, and valid forms of ID.
What do I need to bring?
* Most recent pay stub or other proof of income
* Most recent 30 day checking account statement
* 2 forms of ID (driver’s license, and social security card)
* A personal check or we can print one for you
How long does it take?
We can typically process your transaction in about 10-15 minutes. You can save time by completing the full application online. We will be happy to print it for you.
Do I need to have checks?
You can bring your personal check, or we can print one for you
What if I don’t have my bank statement?
If you have online banking, just let us know and we can assist you in printing out your most recent statement, or you can visit a branch to obtain a copy.
How much will it cost?
Our fees are in accordance with Kentucky state and federal laws. A typical fee for a cash advance/payday loan is $17.64 per $100.00 borrowed plus a $1.00 state fee. This results in a standard APR of 485.97% Please see our detailed fee schedule.
What is your Fee Schedule?
Click HERE to see the Fee Schedule
What is the difference between online and in-store payday loans?
The Kentucky Department of Financial Institutions does not license online lenders. To ensure your privacy and satisfaction, visit a physical store in the state of Kentucky such as Advance U Cash, where you will receive quality service and same day cash.
What if my payday is monthly?
Advance U Cash customer service representatives will work with you to get the right due date.