subject: Cash Advances: What To Do When You Need Cash [print this page] It's pretty obvious that tough financial times are all around us today. There are additional costs and fees everywhere as well. Banks and utilities charge fees all the time, and all our credit cards have late fees that sometime cannot be avoided. Worse yet, unexpected emergencies can catch us completely unprepared and at a loss as to how to pay for medicines and other necessities. How we manage to come up with cash on short notice can be a real scramble unless we have a practical solution.
Cash advances can be that solution. If you receive a regular paycheck deposit but your next paycheck won't be deposited in your account until next week sometimes you just need some help. Even with late fees, utility companies eventually cut off our services unless we pay them. And other emergencies can be even more pressing when your health or the health of a loved one is at stake. Cash advances are becoming more and more popular for situations just like these.
Cash advances are fast payday loans for people who are having a tough time making ends meet. When it's just too far between paydays and when there are just too many emergencies a cash advance can be just the solution. You can apply online and under the right circumstances may find your cash advance shows up in your bank account the same day. It can be a tremendous advantage to have a cash advance in the midst of an emergency. Even though it would be best to hold out for your next payday, sometimes it's just not possible.
Of course a cash advance is a short term solution and will have to be repaid in a short time. The terms of the cash advance will be stated very clearly on the loan application paperwork. More often than not you will repay the entire amount you borrow out of your next paycheck. Although some cash advance lenders allow you to repay the loan over the next few paydays, this is not the norm. You will have a clear understanding when you receive the cash advance and the loan terms will be stated in writing between you and the lender.
It's possible that you notice that the interest rate is much higher on cash advances than other types of loans. This is a fact, and yet it is also the nature of the cash advance industry. You are paying for the convenience, basically. There is a time and a solution for every need, so when you have a need for a cash advance you will have plenty of choices to apply for one.
