Educate Yourself About Cash Advances
Posted on Friday, October 8th, 2010 at 11:42 am in Helpful Payday Loan Info
Cash advances are a fast and easy way to borrow cash online. Here are some important points to know about the convenience of online cash advances:
-Cash advances are affordable. When you have limited access to credit, you have few alternatives to overdrawing your bank account or paying your bills late. Bank overdraft fees carry an average annual percentage rate (APR) over 4,500%. Late fees typically have APRs over 1,000% and can further damage your credit score with negative reports. Cash advance loans have a standard APR between 300% and 500%, and since payments are scheduled every payday, you never have to worry about missing a payment or mailing a late check. When you pay back your cash advance in full on time, you will only pay the average 15% service fee.
-Cash advances are approved with no credit check. Online cash advance lenders approve cash advances based on your monthly salary and never look at your credit score. If you have bad credit or no established credit at all, you can still get instantly approved for the cash you need as long as your next paycheck is enough to pay back your lender on payday.
-Cash advances have a variety of payment options. You can pay back your cash advance in full on payday or set up a payment plan with automatic deductions made every payday. If your state allows, you can get a rollover to renew your cash advance for another pay cycle by paying back just the interest due at the end of the month. Treat rollovers carefully though; you can rack up pretty high interest rates if you postpone payment too long.
Get started with an online cash advance lender now and get cash wired today!
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How it Works
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We match you with a lender based on their requirements and direct you to their website.
The lender will then display loan rates, terms and conditions for your acceptance.
Cash is directly deposited to your bank account after approval.