Cash advance lenders are in the business of cash advances which for all intents and purposes are the same as payday loans and short term loans. This type of loan is readily available from either a retail company where you can talk to someone face to face, or online where your application can be completed on any electronic device that accesses the internet.

Before applying for a cash advance, borrowers should first consider if it is the right type of loan for them. This type of credit is not suitable for those who are already experiencing financial difficulty. It should only be considered in the case of a financial emergency. One of the main reasons for this is that this type of credit is comparatively expensive and if used incorrectly or over a prolonged period of time can have severe consequences on the borrower's credit score. In addition, late repayments can cause serious money problems and this can happen quite quickly. That said, legislation regarding the short term loan industry in New Zealand has been updated recently and borrowers now have more choice and more protection than ever before.

Most cash advance lenders have a website that borrowers can make an application on directly. Because there is now more choice than ever before in the short term loan market, it is recommended that borrowers take the time to compare what is on offer to be sure to choose the cash advance lender that is right for them and get the best deal out there.