http://www.paydayloanadvice.com/payday-loan/cash-payday-loan.html cash payday loan- $500 may be worth $600, you decide before you get a cash payday loan en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 So you bought a few too many pair of jimmy choo shoes, blew a hefty sum at the bar last night, found yourself with empty pockets at the casino. Sounds like you're in some financial trouble. If rent is due tomorrow and you have no money, one option is to get a cash payday loan. Normally we wouldn't recommend getting a cash payday loan, but in the case where it is payday loan or homeless, we'll go with the payday loan. Why Wouldn't we Recommend? We don't like to recommend cash payday loan because many people don't do their research on loans, they take the cash and run and don't take time to understand the policy of the money. cash payday loans do get you cash fast, up to $500 in 24 hours, but don't think they come without a cost. Who do you know that would give you $500 for no reason? My grandmother is the only person I can think of. But a payday cash loan company is not your grandmother- they are out to make money. How Are They Doing That? These companies make money by first charging you a fee on the money they donate to you, and then charging you interest rates if you don't pay back the loan on time. If you borrow $500 you will owe $600 on the assigned date, maybe a week or two after you borrowed the money. And if you don't pay that $66 then, you will owe $800 a week later. This certainly a situation of time equals money, and as demonstrated by cash loan companies, time is expensive. If your grandma won't cough up the money a cash payday loan isn't a bad idea- if you are getting paid soon and will have the money to pay it off. You have to look at your situation and decide how valuable money is at a certain time- having $500 may be worth $600. Think About It Take time to think about getting a cash payday loan before you do it. A cash advance payday loan sounds exciting and will make you the kind of the bar for the night out, but you will wind up in more debt than you started if you aren't careful. Sat, 26 Jul 2008 15:00:00 EDT