A cash advance is a small-dollar, short-term loan, usually in the amount of $100 to $5,000. It can be used to help fund unforeseen expenses, such as bills, vehicle repairs, home emergency repairs, or other financial emergencies. Cash Advances can be a viable short-term source of emergency cash. The borrower should repay the loan when his/her next paycheck arrives. Cash advances are often referred to as short-term loans.
An installment loan is a type of funding that you pay back in increments over time. Through OpenCashAdvance.com, you can request an installment loan for up to $5,000. This type of loan may be suitable for certain expenses that are bigger than what a cash advance might provide for.