• Tidak ada hasil yang ditemukan

Cash Advance Service The Real Story

N/A
N/A
Protected

Academic year: 2017

Membagikan "Cash Advance Service The Real Story"

Copied!
1
0
0

Teks penuh

(1)

Title:

Cash Advance Service - The Real Story Word Count:

300 Summary:

A cash advance is commonly known as a ’payday loan’ because it often secures a person’s finances while they’re in between paychecks.

Keywords:

cash advance service, cash advance services, instant cash advance

Article Body:

A cash advance is commonly known as a ’payday loan’ because it often secures a person’s finances while they’re in between paychecks. It is a short-term loan, frequently an advance on a paycheck, that does not require a credit check and rarely succeeds $500. A cash advance is a very convenient loan for people who need money, typically cash, instantly and perhaps have bad credit or no credit. Usually the borrower will immediately write a post-dated check for the amount of the loan and accrued interest, to be held by a cash advance service until the date of maturity (the borrower’s next payday). When the loan matures, the cash advance service then processes the check ordinarily or withdraws the payment directly from the borrower’s checking account. A cash advance service operates much like a credit card service in that if the borrower cannot afford the loan amount and interest at the time of maturity, they have the option of paying a fee to extend the loan (or ’refinance’ it). The fee grows exponentially every time the loan is refinanced.

Payday lenders, as well as larger, more conventional banks, offer various cash advance services. However, much controversy surrounds these services, which critics say exploit the poor, needy, and young, enticing them with loans that merely imprison them in debt via high interest rates and refinancing fees. Although a cash advance may benefit someone who is temporarily unable to pay their bills or buy groceries and would not be able to obtain the necessary funds otherwise, such loans may not be in everyone’s best interest. The controversy over cash advance services is so great that payday lending is illegal in twenty-five states in the United States. Thus, many payday lenders must coordinate with banks outside their state to provide cash advances to customers.

This is a demo version of txt2pdf v.10.1

Referensi

Dokumen terkait

We, at 200 cash, do not just provide easy no fax payday advance loans but also empower you with the option of getting an extension on same day payday loans on your ’no credit

Quick cash advance online is one of those available loan schemes that are able to offer instant financial solution to the borrower.. In fact, these personal loans are very popular

The turnaround time for loan approval is usually 24 hours and the money gets deposited in the checking account immediately if the loan is approved.. These loans do not require

That said, if you happen to have a bad credit rating then the minimal online cash advance requirements do make this service a god-send when it comes to finding a way to borrow

So many numbers are thrown around when talking about cash advances, also called payday loans, that it can be hard to know what the real cost is.. What you actually pay for your

Because payday loan companies don´t conduct credit checks, it´s possible to be approved on the spot, in a matter of minutes.. If you apply online, you don´t even have to spend

If you keeping getting cash advances and paying them back on time, the cash advance company will of course like it, but it is not financially healthy to get dependent on cash

2 Where the rate of interest payable at the date of the passing of this Act by any borrower to the Agricultural Bank in respect of any advance or loan made on or after the first day of