Saturday, 31 March 2012

Cash Advance

By Yvonne Brixey


When was your last cash advance? If you're like me, your last "cash advance" or quick cash or fast cash wasn't actually from the payday loans office, but from my parents who gave me an "allowance". I think cash advance is like an allowance, but for adults.

A cash advance is fast cash or quick cash that has no requirements to get. You don't have to have a good credit trail (or in a kid's case, a good behavior trail) it's just cash you get because you ask for it. Cash advance, however, is not like an allowance in that you have to pay back every cent of the cash advance plus the cash advance fees so that the lenders can make a living on the cash advance services they provide.

A cash advance, even though the name sounds like free cash, is actually a loan. Fast cash, quick cash, cash advance almost makes me think of an ATM where I get cash from my bank account, but fast cash, quick cash, and cash advance are all terms to describe a short-term loan that requires a short-term payback. A better term for cash advance, fast cash, or quick cash is "payday loans".

Payday loans are a cash advance or loan against your next payday check. Sometimes there is misunderstanding from someone who doesn't care to read the agreement they are signing with a cash advance that there is a payback required. Cash Advance, Payday loans, fast cash, quick cash are all like any other loan. A loan is money that the bank is loaning you or giving to you to use however you want, but on the condition that you pay back the loan. A bank will set conditions on a loan of how much of a fee you will have to pay on the cash amount of the loan that continues to go unpaid after the time of agreed pay-off. This means that a loan can be stretched out past the agreed pay-off, but there are fees to be charged to help you feel a necessity to pay back your lender.

A cash advance is the same way, just as explained above. Quick Cash, Fast Cash, Cash Advance, and Payday loans are just what "payday loans" say they are, a loan against your next payday. So, if you need some quick cash or fast cash to cover an emergency or expense, then Cash advance is there to spot you the cash. However, so that the cash advance, fast cash, quick cash, or payday loans lenders can then provide the same service to others, you need to pay back the cash amount that you agree upon so that the cash advance lenders can provide the same cash loan to others. So that you are determined and understand that the payback terms of paying your cash advance, fast cash, quick cash, and/or payday loans within the agreed time-period there are fees that get higher and higher as time goes on.

These fees are why cash advance, quick cash, fast cash, and payday loans are necessarily paid back within the allotted time. If you don't follow thru with your agreement on cash advance, quick cash, payday loans payback you will be paying more fees than you initially wanted to. Just be smart and responsible about your cash advance and payday loans usage and you'll be happy you were. What Is a Cash Advance




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