What is a payday cash advance?
Nowadays, cash advance or payday loans mainly get a lot of criticism because consumers always unfairly compare them to bank loans. Those are set up with monthly installment payments that you pay back over time. Actually, payday loan is sounds "Can I borrow a few pounds until my next wage day?" Which means in about one or two weeks later the full amount of money that you borrowed, plus the fee, must be paid back to the lender. It is no doubt that, if you compare those regular loans you would get at your bank with payday loans then the interest rate of the second will appear extremely high. Nevertheless, a lot of people say that comparing pounds till payday loans to traditional installment loans is like to compare apple and oranges.
A payday cash advance is the temporary advance of money to help you meet your short-term financial needs. Typically, the cash advance is repaid on your next payday. With an approved cash advance obtained through Payday Anyday Cash Advance, funds may be cashed or deposited into your bank account. Payments are usually paid in person (cash only) but may be withdrawn from your bank account by electronic debit.
A Payday Cash Advance is a short-term loan, typically paid-off on your next payday. Payday Cash Advances are a quick and easy way to get cash to take care of short term cash needs between paydays. When you apply on-line or over the phone, you can be approved instantly, and your cash can be deposited electronically into your account the next business day A Payday Cash Advance is a short term cash management tool and is not intended to meet long-term financial needs. Credit counseling is a viable solution to longer term financial problems. A Payday Cash Advance is also referred to as a Payday Cash Loan, Payday Loan, Cash Advance or Faxless Payday Loan.
A payday cash advance is a loan for a small amount ($100 – $600), usually loaned until your next payday. The cost of a $100 cash advance is typically about half the cost of a bank dishonour fee, less than paying late fee’s for your rent, and certainly more convenient and private than having to visit a bank.
