When looking for a small money solution, do you look for payroll advance application? Maybe you decide that a cash advance would work better for you knowing that a payday loan may not be the best solution for your finances. All of these money options are the same type of short-term loan called by a different name.
What would be the purpose of a direct lender using multiple names for the same product? It attracts more customers. It is not deceiving any potential borrower as there is no hidden agenda. The fact is simple, people who live in different areas of the country call things by different names. People call an item by the name most familiar to them. A sub sandwich may also be referred to as a Hoagie or an Italian depending on where a person resides. If you travel to another part of the country and try to find your familiar item on a menu, you may not find it or receive something completely different.
A payroll advance is a cash advance.
A cash advance is a term used quite liberally. It could mean obtaining cash out of an ATM using a credit card or it could be a short-term loan. Both money options use the same name but carry completely different practices and conditions. A payroll advance could be a cash advance from an employer who allows employees to take money out of their next paycheck. Most people do not have the employer option or refuse to use it out of embarrassment. An online payroll advance through a direct lender is a private way to get money relief without anyone close to you knowing your financial problems.
No matter how you get the money or where it comes from, it all is the same – get money upfront and pay it back on your next paycheck. Now, how and where you obtain the loan will differ. Your employer may not charge you extra knowing that he/she can withhold the return from your next paycheck. Some banks will service similar loans and collect your payment as soon as your direct deposit falls into your account. A payday store lender holds onto a signed post-dated check by the borrower in order to collect payment on the scheduled date on or close to the next payday.
Some people prefer to keep their debt on credit cards and stay away from direct lenders. Others no longer have a credit option left to use and avoid making their financial situation public to their employer. There are companies that do not take kindly to poor personal money management. If you work in finance and you can’t control your own, your employer may have a problem trusting your judgment. There are employers who perform credit checks before hiring a new employee. Consider your options wisely and choose one with the least potential harm possible.
Short-term loans by any name may not be the best financial solution to an average person, but it is often the only option left when credit is bad. If you need fast cash find a responsible direct lender for a payroll advance online by any name.
