September 25, 2006
Need Cash Fast?
Have you ever used a Cash Advance loan?
When I first moved out into my 2nd apartment there were times when I needed a Cash Advance loan. Just enough to get me to my next payday.
This has been over 8 years ago when Cash Advance locations were popping up everywhere and charging clients an astronomical finance rate. If you borrowed $200 for 2 weeks, you had to pay back $230. I think I read somewhere the finance rate for 14 days was over 130%. Ridiculous, but for people in a bind, it worked out fo you.
I know now these Cash Advance companies got in trouble for charging so much finance charge and I think now you only have to pay back $202 on a $200 loan. I haven't used one in over 8 years and hopefully, I won't have to.
Now you can get an Online Cash Advance Payday Loan. They charge a low finance charge of $13 per $100 borrowed. I guess this would be a great convenience since it's put in your checking/savings account the next day; however, I still don't recommend this to anyone trying to live payday to payday. Tough it out and save your $2, $26 or $30. You'll make, trust me. I did.
