Responsible Borrowing and Short-Term Cash Advances
Posted by
LuLuGal |
October 2, 2009 .
Cash advances—otherwise known as payday loans, check advance loans, fast cash loans and no-fax loans—are a controversial form of borrowing. However, for consumers caught with an emergency expense between paychecks, this lending option offers financial breathing room until payday arrives.
How Do Cash Advances Work?
A short-term cash advance ranges from $50 to $1500, and is available to most consumers, no matter what their credit score. There’s no credit check, and the application process can be completed online or over the phone. This type of loan is meant to be a short-term solution to financial emergencies, and should only be taken if the borrower knows he can pay it back within two weeks to a month.
