subject: Payday Cash Advance Loan For College Students - Is It A Good Idea? [print this page] Sometimes student loans just aren't enough to live comfortably and many college students are turning to a payday cash advance loan to get fast cash. As a recent college graduate, I am fully aware of how expensive college can be and for many college students this is the first time in their lives where they have to fully support themselves. With books, rent, food, and extra curricular expenses, college students have to tightly manage their budget to get by. If you have a part time job and still don't have enough cash to live comfortably then you might want to consider getting a payday cash advance loan.
Payday lenders will lend anywhere from $100 - $1,500 and can typically deposited your requested funds directly into your bank account within 24 hours of filling out an online application. A payday cash advance loan is a short term loan that is designed to get people fast cash when they are experiencing short term cash flow problems. They should not be taken out as a common practice however they are very convenient method in getting fast cash through a short term loan.
In order to qualify for a payday cash advance most legitimate lenders will require a few conditions. You must be currently employed or have a source of income such as a pending student loan, you must have an active checking/savings account, be at least 18 years old, and a United States citizen. As long as you meet these conditions you will be eligible for the short term loan.
If are struggling to pay your bills then getting a payday cash advance can turn out to be a wise financial decision. While these short term loans do carry a relatively high rate of interest, they are often less expensive than incurring late payment fees on unpaid debt. Rent payments, car payments, credit cards, and bounced checks all carry significant late payment fees that range anywhere from $30 - $60 per offense. Incurring all these fees can easily surpass the finance charge on a payday cash advance and these short term loans are growing in popularity among Americans who need to get fast cash.
If you are currently experiencing short term cash flow problems and are in need of fast cash then you will obviously want to get the best deal. I would strongly discourage you from going directly to a particular payday lender as you never really no if you are getting the best rate. Instead, the most efficient way to receive multiple quotes and get the best deal on your short term loan, is to utilize a multiple lender website that is affiliated with several payday lending companies. These websites will make the payday loan companies compete over your loan and therefore you are able to choose the one that was able to offer you the best deal. Going through a multiple lender website will save you time and money and they have consistently offered consumers the best market rate available. They are free to use and are by far the most convenient method to get quick cash.
For a payday cash advance loan lender that has consistently provided competitive rates check out this link:
