Cash Advance Payday Loans: Yes The Rates Are Higher!

Typically Cash Advance Payday Loans have no credit checks, and a very minimal amount of paper work.

They are mainly concerned that you are, whom you say, you are. And, that you have the income, and the ability, to pay back the loan. And, that you have a checking account.

Cash advance loans are designed for emergency situations! When you are short on cash and need money fast! Family emergencies, unexpected car repairs, overdrafts, telephone reconnection, unexpected bill, etc.

The Cash Advance Payday Loan industry is the subject of much criticism. Most of it coming from members of the regular established lending industry, banks and credit unions. This is because of the interest rates and fees involved with these short-term payday loans.

Typically if you receive a $100 Cash Advance? 7 to 14 days later you will be required to pay back about $125.

That may not sound so bad, especially if you really needed that $100 at the time, and know you can easily pay it back plus the extra $25 when you get paid from your job.

But if compared to maybe a 6% interest rate from a bank, or even a high 29% if taking a cash advance from a credit card... using the same repayment period, this Payday Loan would equate to somewhere near 500%

So consider? If you are strictly comparing interest rates to interest rates, there is no question that the A.P.R. on payday loans are outrageous!

But also consider this? will a bank or credit union loan you a quick $100 when you really need it? How about that same day, or within 24 hours?

If you have some credit issues? will a bank or credit union even talk to you at all?

Even if you have A1 credit, and are in a situation where you needed a little quick extra cash it is very unlikely you can walk into any bank and get it within 24 hours. The one exception would be if you already had a pre-establish line of credit with your own bank.

The bottom line is that Cash Advance Payday Loans exist for a reason. They supply a definite need, and there is a definite demand.

Most of their customers are not the ones who banks, and credit, union are very anxious to lend money too.

And with Online Cash Advance services? you never have to leave your home.

Cash Advance companies loan money to people with no credit checks, and very little documentation!

That, by anybody's definition, is considered a high risk loan. Of course the interest rate is going to be much higher.

If you are thinking about using these services the important thing to consider is:

* What is it Going to Cost You to Get the Money?

* What is it Going To Cost You, If You Don't Get The Money?

* Do You Really Need that Money Now?

* Can You Make It To Payday Without It?

Getting a Cash Advance, in itself, is not a bad thing! However, if you choose to accept a payday cash advance? be fully aware of what you are doing.

Before you accept that money advance make sure you know:

* The Exact Total Amount That Must be Repaid.

* What Date That Payment is Due.

* Be Certain That You Will Have the Money to Make That Payment.

Make sure, when you get a payday loan that you are using it for the shortest amount of time possible and get the lowest cash amount you can get by with. This will help you keep your fees to a minimum.

There is never any cost, or obligation, to simply apply online with a Cash Advance company. When you are approved, you are still under no obligation to accept the loan.

If you would like to view our list of recommended, reputable payday loan companies, click here: www.consumersinfousa.com/ea.htm

Greg Ford is a member of Consumers Info USA. More information, and resources, for Cash Advance Payday Loans can be found at: http://www.consumersinfousa.com/ea.htm

---

Cash Advance Payday Loans: Yes The Rates Are Higher!

Typically Cash Advance Payday Loans have no credit checks, and... Read More

A Look at Common Types of Loans

People sometimes wonder about common types of loans, especially with... Read More

Fast Cash Payday Loans

If you need cash now there are several options available... Read More

PayDay Cash Advance Loans - The Benefits of Using the Payment Protection Plan

Payment protection plans are offered by payday companies to protect... Read More

What is a Personal Secured Loan?

A personal secured loan is the generic term for a... Read More

Instant Payday Loan and Instant Payday Loans

Instant payday loans are financial loans that are available for... Read More

5 Things Pensioners Applying for a Loan Should Remember

Are you a pensioner applying for a loan? Here are... Read More

Payday Loan and Cash Advance Lenders Online - How To Compare Them

When searching for a payday loan company online to get... Read More

Military Loan and Military Loans

Military loans are made available to active servicemen and retirees... Read More

See What Your Home is Worth

If you thought your home is worth nothing except for... Read More

A Secured Loan Could Save You Money

What is a Secured Loan?A secured loan is any loan... Read More

Steps You Can Take To Protect Your Financial Information and Personal Identity From Fraud

Financial fraud and identity fraud are one of the fasted... Read More

Guide to Personal Secured Loans

Here is a useful guide to personal secured loans. A... Read More

Getting Good Value Personal Loans

Over recent years, personal loans have become a popular solution... Read More

All About Student Loans

A student loan is an unsecured loan made by lenders... Read More

Benefits of a Personal Secured Loan

A Personal secured loan can offer many benefits, some of... Read More

What is a Tenant Loan?

Ever wondered what is a Tenant Loan? A tenant loan... Read More

A Brief History of Loans

No one can say for certain where the history of... Read More

Dos and Donts: Student loans

Parents should begin saving money early for their children's college... Read More

How to Find a Good UK Secured Homeowner Loan

If you're looking for a UK secured homeowner loan, you... Read More

A Renter in Debt? Take Out a Bad Credit Personal Loan

On average, homeowner households earn 95% more than renting households... Read More

Benefits of a Bridging Loan

A bridging loan has many benefits, some of which are... Read More

A Beginners Guide to Low Interest Debt Consolidation Loans

Looking for low interest debt consolidation loans can sometimes seem... Read More

Guide to Loan Terms

Listed below is a guide to loan terms. It is... Read More

Debt Consolidation ? Watch out for Payday Loans

Most any large city has a number of small shops... Read More

Useful Information About Homeowner Loans UK

Homeowner loans UK are a very versatile type of personal... Read More

What Is A Second Mortgage?

A second mortgage is a loan that is secured by... Read More

Finding the Loan UK that Meets Your Needs

For those in the market for a loan UK ,... Read More

Shopping for a Secured Personal Loan

If you find yourself looking for a loan, you'll likely... Read More

A Guide to UK Secured Homeowner Loans

Trying to find good UK secured homeowner loans might seem... Read More

Everything You Need to Know About a Secured Loan

If you're not familiar with the term, a secured loan... Read More

Christmas Loans ? A Gift on the Occasion of Christmas

It is still a few weeks to Christmas and every... Read More

A Guide to Getting a Debt Consolidation Loan UK

If you're getting in over your head with credit, you... Read More