Sometimes cash
advance loans are the only option left with people for quick supply of cash in
emergency. Pay day cash advance loans are short term financial helps which are
easy to get and there is not much hassle to obtain them. These can range
anywhere from $ 100 to $1,500. They usually come with a higher rate of interest
but are really convenient to meet any urgency.
Usually, the
lender charges $15 for every $100 borrowed from the day of the payment.
Sometimes the lenders may extend that date of repayment. One has to do a lot of
research before going in for such cash advance. It is viable only when the fee
on the unpaid debt amounts to be more than the interest which would get accrued
by the repayment day. It may also be used in case of any other kind of
emergency.
Usually, a
credit card late payment fee is very high ranging from $30 to $40 which is lot
higher and has to be cleared right away. The other urgent situation may be the
delayed payment of rent or a mortgage which comes to something like $50. One of
the worst cases is a bounced check which would lay a fine of $30-$50 per check
and on top of it get into the record of bad credit. Car payment is another such
situation where urgent cash requirement can be seen. Some of these fines add up
to a very large number and their quick disposal is better.
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