Cash Advance

Does it sound crazy to use a cash advance to purchase a used vehicle? Unless you are making a ton of money in which case you wouldn’t need a cash advance, it is crazy! Of course there is always the possibility that you can find a two hundred dollar hunk of junk, but dependability will be an issue. The purpose of a cash advance is to borrow a small amount form your next paycheck to pull you through an “unforeseen circumstance” not to really buy a used vehicle. A cash … Continue reading →

Online Cash Advances: Convenient or Predatory? Have you seen the number of cash advance companies that are popping up on the internet? The big question is, are these companies making a cash advance loan convenient or predatory? The answer lies within each companies practices and it is up to the customer to determine if the company is trustworthy or not. Your cash advance loan is to help you through an emergency situation — it should not put you in a worse financial circumstance. The basic definition of a predatory lender … Continue reading →

This issue will be debated as long as the cash advance industry exists. Advocates for short term lending argue that it is a necessity for people that do not have other means of financing. On the opposite spectrum, advocates for long term loans argue that cash advance companies are loan sharks. Who do you believe? I believe it’s personal choice. Have you ever been in the position of needing cash quickly? It can be stressful. A cash advance relieves that stress for many people. Short Term Cash Advance: Pros- No … Continue reading →

The only thing that is worse than having bad credit is having no credit. Establishing a credit history is difficult, and establishing positive credit can be 10 times more difficult than establishing bad credit. It is easy to be manipulated into a contract that you think you can handle, for example with a two year cell phone contract. However, at any point in your contract the rates can increase dramatically… and you are trapped. The only way out of a cell phone contract is to pay an outrageous penalty fee. … Continue reading →

Overnight Cash Advances Fast Cash You’ve been there before when you are trying to figure out how you’re going to have cash in your hand tomorrow. With the evolution of technology over the years, that is now possible. No more waiting for the bank to open or waiting for a large check to clear. In today’s society direct deposit has made it possible to get a cash advance in your account overnight. If you find an online cash advance lender it can be a practical way to obtain that additional … Continue reading →

“Bad Credit? No Problem!” This advertising slogan is plastered on almost every cash advance site on the web. The reason for this is… its true! That is what makes a payday loan so tempting to hundreds of people. You could put a little additional cash in your pocket and your creditors will never know, except if you default on the loan. Most cash advance lenders will not even pull a credit report. They will consider stable employment history your credit. Technically a cash advance is an “advance” on your next … Continue reading →

Cash advance companies prey on the temptation of spending money before you earn it. This is the complete opposite of good financial planning. The general rule for your finances should be earn money, put a small percentage in savings and then spend. In today’s economy that can be a difficult rule to follow, but it is the only way to avoid the cash advance addition. You may be surprised to learn the average cash advance customer takes out nine loans a year. They get in to a debt trap that … Continue reading →

The number of cash advance applications increase daily and people are turning to these short term loans for a number of reasons. The problem is with so many options out there what should you be looking for in a cash advance company. The consumer has the option of finding an online cash advance lender or going to a storefront location. Many people are leaning towards online lenders for the ease and confidentiality they provide. Most online cash advance websites allow you to process your entire loan electronically versus a storefront … Continue reading →

“Julie” is a divorced mother of two who works 2 full time jobs to support her family. She’s had a rough “go” of it, not easy to raise a family alone, especially these days. There were times when the money coming in was less than what needed to be paid, for example, the instance where Julie’s son Bobby fractured his arm, and Julie not only missed work for the resulting surgery but was responsible for the emergency room co-pay. The following month the credit card bill was late because Julie … Continue reading →

The question is can a cash advance can bring you financial security? That really depends on what you mean by financial security. If you are talking about a couple weeks of financial security, then yes. But if you are talking long term, definitely not. You can not assume that an advance on a future paycheck will bring you to that financial paradise you may imagine because you are out one less paycheck for this month. A cash advance must be used for urgent circumstances only and not for monthly financial … Continue reading →