Payday advance can be the answer when there is no other alternative. Rely on a payday advance when you are stumped, financially.
Payday Advance 101 - Lessons From The Pros
Are you looking for a way out of a tricky financial predicament? Do you need access to a sum of money, fast? If there is just no way to wait for your next paycheck, you can request a payday advance and have the funds deposited into your checking/savings account the day of the request, or the day after, depending on the time of the request. Even better, you can apply for an online payday advance and apply for that money any time, where ever you have Internet access!
The price of payday advance
A payday advance must be paid in full, including the fee, on an agreed-upon date. This date is typically two weeks to 18 days after you receive your cash loan; or the day of your next paycheck receipt. With all the convenience this affords the consumer who's in a jam, you can imagine there will be a price. The price, of course, comes in the hefty fee. Typically, the fee will be $20-$25 per $100 borrowed with an APR that can be anywhere; anywhere it wants, depending on the absence or enforcement of the state-in- questions' usury laws. Consequentially, APR's on payday advance loans can run the gamut from 304.17% to 1303.57% - no joke.
So remember, you'll want to make sure you've done everything in your power to ensure that your money is in our account on the scheduled day of withdrawal. On the other hand, this is an excellent means to repair a faltering credit or build up a non-existent. Well, maybe not excellent, as it's expensive. If you suddenly find out you won't be able to have the funds in your account to pay back your payday cash advance on the day in question, contact your payday advance lenders and notify them. In most cases, they will grant you an extension or 'roll-over' period. And you don't think you could get away with this without another fee, do you?
It will vary, but for the most part, you'll be charged another incremental charge and/or another flat rate for the extension on your payday advance. You may be able to receive extensions on your cash advance for a limited amount of time. After that, you'll most likely be penalized. If very serious about this, be sure to read through the prospective lenders guidelines so that you are prepared in the event that you struggle to make a payment. If you are getting a payday advance you should plan ahead and be sure you are able to pay off the loan on time.
Payday advance resources
Another good resource to familiarize yourself with when considering requesting a payday advance is the Truth in lending Act. In fact, if you're borrowing from any lender or creditor, you should be aware of what your rights and protections are as a consumer. A rule of thumb - if your payday advance loan company doesn't openly offer this information to you, beware. It is your right and their job to disclose this information, without your having to ask, and without it your fast payday advance will more than likely result in complete financial disaster.
If the situation that's led you to pursue a cash advance payday loan isn't life threatening, perhaps you could use your cunning and resources to try to make ends meet. Make a realistic budget. Calculate your monthly and daily expenses. Avoid luxury items. Make all your purchases on needs-based items and services. Request overdraft protection at your bank to further safeguard your credibility. Another good place to turn for no fax payday advance assistance is to your local consumer credit counseling services. Non-profit groups like this exist in every state and their services can usually be obtained for a very low cost or nothing.
If none of these options work for you, go for it. Get yourself one of the cash advance payday loans. Take heed of the advice we've given you to ensure for a painless payday loan experience. Don't miss your payment day, or you just may start a debt snowball nightmare. Find the right payday advances and get out of debt now.