Cash Advances

Cash Advances

If your only option for cash advances were with payday loans, we'd be in a lot of trouble. Payday advances are expensive forms of financial aid as is, and without competition from other cash advances we'd all be at the mercy of payday lenders!

The great magical rainbow of cash advances

Considering the many choices you have for cash advances, you have one important decision to make: are you most concerned with affordability in lending, or is your emphasis placed on the glories of speed? Cost vs. speed- everything else is just details and derivatives of these two killer variables.

• for speed in cash advances you have two options: payday advances or credit card loans. You can use your credit card at most ATMs and get a instant cash advance. This service is very costly ( $40 plus interest) and is limited in amount by your credit card and by the ATM you choose to use. But they are instant, cash advances delivered directly to your hand - not even payday loans can match these for speed.
• for affordability most people rely on their bank or credit union for an unsecured line of credit. The application is intense - credit checks, verification - so the numbers of qualified applicants are limited. But the loan itself is very affordable, adhering to the rate limits and regulations set by usury laws. You can also take out significantly more money with an unsecured line of credit - $1,000-$5,000 is not uncommon, and repayment is much more relaxed and flexible.

In the end its your call, either you need money fast and don't care how much you pay for it, or you do care and you take the time and caution necessary to apply and qualify for more cost friendly cash advances. The choice is yours, the responsibility is yours, and only you can decide which opportunity to take. But choose wisely , a few hours difference might mean your financial failure, as might a few extra dollars.

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