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Monday, September 6, 2010

Cash Advance Loans Now!

At one time or another, almost every single one of us has found ourselves short on money with a bill due or an unexpected cost that we just cannot seem to cover. No need to panic. We have a couple of options of cash advance loans of which to take advantage.

If you have a steady source of income then you are available for a payday loan, which is also called a payday advance or a paycheck advance. Payday loans are small cash loans that are intended to cover your financial needs until your next paycheck. This is when the total amount borrowed comes due. The total amount loaned is usually within $100 - $500 and the finance charge on $100 is $25. You may apply for this type of cash advance in person or online. Many online applications do not require you to provide any documentation. You simply agree to an email agreement and the money is deposited directly into your account. In person you must provide the lender with recent bank statements and paystubs (to prove that you have a steady source of income). You will also need to leave a post-dated check for your total amount due plus any incurred charges. If you do not show up to pay your loan back, the lender will deposit your check.

If you have a credit card, you have the option of a cash advance. A cash advance on your credit card allows you to borrow cash money against your current credit card balance. The cash amount available to you is a small percentage of your overall credit limit. As long as the amount requested does not exceed the actual cash advance limit, these cash advance payments are accessible to you at ATMs, or over the counter at any bank or other financial institutions. If the amount requested does exceed the actual cash advance limit, the ATM may still dispense the cash but the exchange will be flagged electronically.

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