Payday Check Advance – When is it a Good Idea to Get a Payday Check Advance?
A payday check advance is a short term loan and should only be taken out by consumers who are confident they can repay the loan bank in a relatively short period of time. They are designed for working Americans who are experiencing short term cash flow problems and need to get quick cash before their next payday. While these quick cash loans do carry a rather high interest rate with them, they are often a better financial decision than incurring late payment fees on other unpaid debt. Credit cards, rent/mortgage payments, car payments, and bounced checks all carry substantial late payment fees which range anywhere from $30 – $80 per offense. If you are unable to pay these short term obligations then it may be a wise financial decision to get a payday check advance. You will typically be charge a finance fee of $15 for every $100 you borrow. While this might seem like a high cost of borrowing, it is often much cheaper than incurring late payment fees on your other obligations. If you ar
