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Cash Advance

A New Way To Figure Credit Scores Could Limit Cash Advances Dependency

People who use cash advances as a result of a tarnished credit history, may see some changes with a new credit scoring model in the works. Typically, the credit bureaus calculate a score based on a secret algorithm with heavy emphasis placed on management of revolving credit and installment loans.  Negative reports stay on file for seven years. They weigh on the scores the entire time. Even debt which went to collections and was then paid in full reflects poorly in the algorithm. Debt from cash advance is only reported … Continue reading

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Cash Advance, Credit Card and Student Loans Are Not The Same Debt

There is always a story about bad debt. Too many cash advances throughout the year, maxed out credit cards and tens of thousands in student loans all bring chaos to an everyday budget. Though credit scores are not affected by the short-term cash advance, the other two do make a difference, both good and bad. Credit scores are not affected by a cash advance. Unless a cash advance loan gets sold to a collection’s agent, there will be no credit score evidence that an individual used the service. Credit cards and student … Continue reading

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Don’t Leave Cash Advance and Credit Card Debt To Your Heirs

Ever worry about what happens to your debt after you pass away? I’m sure it is not on the list of stresses when seeking out a cash advance or hoping to get another credit card approved. Financial situations are what they are and when trouble arises, most of us do what we can with what is available. A cash advance does not help someone on limited income. Unless a person has a well-developed retirement plan, life after retirement often times increases the amount of debt just to cover everyday living expenses. Problems … Continue reading

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Cash Advances Don’t Stay Secret Once Transactions Occur

Secret debt; ever tried to keep it a hidden? If you have had success, then you are one of the lucky ones who didn’t have a major problem arise. Hiding cash advances or credit card debt from a spouse will certainly cause a bone of contention if a debt collector is the one to let the cat out of the bag. A cash advance works with a bank account. If you have your own bank account, then your spouse would remain unaware of any cash advance loan. When you share a bank account, the loan is still attainable … Continue reading

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Create Your Own Cash Advance Tip Jar At Home

Go out and get yourself a jar, make it a big one and begin to tip yourself out of ever needing a cash advance again. Why not? When you go and use somebody else’s service you feel obliged to tip. There are even debates on how much you should tip these people. Sure, they are working hard for their money and many will argue that tips are voluntary, but most people would be embarrassed to leave an establishment without leaving some money to the person. Ladies go out and get the hair and nails done by trained professionals. … Continue reading

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Cash Advance Debt Won’t Be Settled By Third Party Companies

The struggle to pay off debt is often times overwhelming for many folks who live paycheck to paycheck. Unexpected costs pop up and in order to avoid a cash advance, juggling costs will occur. Late payments the best way to protect credit, but it is also the slightest infraction if something has to give somewhere. When the juggling of income becomes a way of life and the struggle to make ends meet becomes too difficult, people end up missing payments altogether. It is easy to say that all anybody has to do … Continue reading

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Explore Other Options Besides A Cash Advance

It is a fact that a cash advance is a loan option when the rest of the finances are not in the best of shape. It is one option out of many and often times gets used unnecessarily out of convenience rather than ultimate necessity. People may take offense to that statement, but it is true. A cash advance offers fast access to instant money with very little planning or red tape in order to get approved. Other options may take some planning or require additional footwork or multiple forms, … Continue reading

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Smart Banking May Not Include A Cash Advance

Smart banking and a full grasp on saving basics will help keep credit card debt and cash advance necessity minimal or possibly non-existent. When you use your accounts to bank smart and grow your finances, the less apt you will be to fall into or fall back into problems. One of the safest places to store your money is in a bank. Each account holder is insured for up to $250,000 by the FDIC. For whatever reason, if something happens to that money, depositors will be covered up to that amount.  There are many folks who like to keep … Continue reading

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Contemplate Credit Card and Cash Advances Prior To Getting Into Debt

Credit card companies thrive because lines of credit offer convenient spending power. Online cash advances thrive because people with poor credit need a fast loan. Both financial options are helpful, but their overuse or misuse tends to create financial difficulties for many customers. Where cash advances are short-term loans with fast payoffs, a credit card offers a bit of relief in terms of payoff, but they can get just as expensive when the debt is left unpaid over the long-term. Seriously think about cash advances and the payoff before you take out the loans. Since credit card … Continue reading

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Hard Inquiries To Credit History: Not From A Cash Advance Lender

The effects of inquiries on credit scores are often confusing to consumers looking to build or rebuild their own credit. No credit check cash advance lenders pay no mind to credit scores while other types of lenders view the history. It ultimately affects the score in a negative manner. Overall understanding of the score and its effect on personal finances will only lend itself to continued improvements. Cash advance lenders are not part of the norm. People are now getting the idea of how late payments and maxed out cards … Continue reading

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