Cash advance funding requires verification of application information. The result of this scheme? The borrowers paid much more than the stated cost of their loans. Decision making is fully automated so you do not need to wait for pre-approvals – instant means instant. Items such as cost and the repayment schedule should be presented to you in an easy to understand manner. If you need cash in a hurry, a payday loan shouldn’t be your only option. Online lending laws vary by state.