Saturday 31 December 2011

Fast Cash Now

By Yvonne Brixey


Cash Advance loans are made to help with a short-term cash-flow issue. Cash advance loans are convenient and fast cash is available. Cash advance amounts are usually below $1500. The cash advance is wired directly to your bank account within a 24 hour period making the cash advance very convenient and quick cash available very soon! Cash advance therefore is used mostly in emergency situations.

When it comes to cash advance transactions the online lender is faster than going into the cash advance office and manually filling out a fast cash advance application. Most lenders provide cash advance applications online which is another convenience and advantage to a cash advance loan. When completing a cash advance online, the money is usually wired immediately after your credentials are verified.

Why does your information have to be verified? And what kind of information is taken in a cash advance application. Bank account information most preferably a checking account information is provided so that the lender can send you the cash advance. You must also prove your identity which eliminates the risk of identity theft which is becoming more common today. Cash advance applications also require proof of payday periods and proof of income. Your lender just wants to make sure that their cash advance will be paid back to them--that you have the financial resources that make you capable of repaying the cash advance and fees. One benefit of a cash advance is that a lender won't check your credit score for a cash advance loan. This makes cash advance loans available to almost everyone.

Cash advance comes in smaller amounts, maybe $500 or less, or sometimes up to $1500. The reason for the smaller cash advance amount is so that you can easily pay back the amount and fees when the payment period is up. Cash advance totals and fees and interest rates must be re-paid by your next payday. Often, you will write out a check to the lender for the total amount due the lender at the time of the cash advance issuance. This ensures the lender that they will be paid back. Due to the lack of time you will have to pay back the cash advance it is important to ask yourself if you can re-pay the full cash advance amount plus fees in the allotted time frame. If you don't think you can repay the cash advance by your next payday, you should be very wary of issuing a cash advance. The fees and interest rates of a cash advance can literally eat you alive because the fees and interest rates are huge, the biggest in the loan and credit industry, The cash advance fees and interest rates are the highest in the industry. Sometimes the cash advance interest rates can reach up to 4 digit percentages!

Before considering a cash advance, you should consider other options with lower fees and interest rates. Maybe you can even wait until you next payday without getting a cash advance. There are always other options besides a cash advance, but if it comes down to tooth and nail in your financial situation, a cash advance can be very convenient. Fast Cash Now




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