Category Archives: Cash Advance

Cash Advance

UK Payday Loans

If you find yourself in an emergency financial situation with nowhere to turn for help you will find that the UK Payday Loan can be a perfect solution to your problem. UK Payday Loans, also known as a payday advance, provide credit in situations where you have been turned down for traditional cash loans from high street banks.


With UK Payday Loans you get a fast cash advance delivered to your bank account in under 24 hours. There’s no need to fill in complicated forms or fax personal documents to the lender. Simply fill in a form online and wait for the cash to arrive in under 24 hours. Are UK Payday Loans For You?
A Payday advance is perfect for anyone who finds themselves in a emergency financial situation even if you have a bad credit rating. When you find yourself without the money you need a payday advance loan provides financial assistance no matter if your next payday is a few days of even a couple of weeks away. Especially suited for those of us who are financially responsible but occasionally need a quick cash loan to tide us over.

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Payday Advance

The Pros and Cons of a Bank of America Secured Credit Card

Why should you consider a Bank of America secured credit card? When it comes to secured credit cards, the fairness and value offered really does run the gambit. There are the outright atrocious cards that charge ridiculous fees and offer little value and then there are the great cards that give you everything you deserve. If you’ve been considering a Bank of America secured card, here are some pros and cons to consider.

Pro: An Opportunity to Build or Restore Your Credit


The Bank of America secured credit card offers you a chance to rebuild your credit. Unlike prepaid credit cards and some of the other secured cards on the market, Bank of America will report your credit card activity to the three credit bureaus. This means your good account standing will have a positive impact on your credit report, which will raise your credit score over time.

Pro: A Reasonable Annual Fee

Bank of America offers very reasonable annual fees with their secured card. While some companies try and charge $50, $60 or even more for their cards, Bank of America’s annual fee is just $29. That’s a great value when compared to the other secured credit cards on the market.

Pro: Small Deposit Requirements

Many secured cards will require a deposit of $500 or more to open a secured credit account. Bank of America’s minimum deposit is just $300. If you don’t have a lot of cash to spare, this can make all the difference in the world.

Con: A High Interest Rate

When you go to the Bank of America website to check out their secured card, it might look like a reasonable interest rate at first glance. However, it’s not the 10.99% variable APR that many some consumers think. If you look closely at the site, it’s a prime PLUS 10.99% variable APR. That means if prime is 7%, your APR is 17.99%, not 10.99%.

Con: High Balance Transfer Fees

If you want to do a balance transfer or take out a cash advance, the fees might be a problem. Not only will you be charged regular interest, you’ll also be charged a 4% transfer/cash advance fee.

When applying for a secured card it’s important that you make sure the card you choose is the best card for your needs. If you’ll be paying your bill in full each month and don’t have any balance transfer or cash advance needs, the Bank of America secured credit card may very well be the best card for you.

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For more tips on secured credit cards, saving money and avoiding getting taken, check out CreditCardTipsEtc.com, a website that specializes in providing credit card tips, advice and resources.
http://www.creditcardtipsetc.com/secured_credit_cards/

Payday Loans and Cash Advances

So many people today are finding themselves in need of additional money. They are broke, losing their jobs and struggling in the economy. This said, it is no wonder why so many Americans have turned to cash advances and payday loans for help.

Many people have shunned the payday loan industry, writing it off as a predatory business. The fact of the matter is that while payday loans are a responsibility, they are also extremely useful in giving the average American the leg up they need to get out of a tough financial spot.

Responsibility indeed


Payday loans must always be used responsibly. In the wrong hands, payday loans can spiral out of control, digging a customer into an even deeper hole than they were in before. Remember to take payday loans out only when they are necessary for emergencies. Also, pay your loan back on time. Many payday lenders will even let you extend your loan, so you don’t have to pay it all back at one time. With such flexible lenders, it is quite easy to find a payday loan or cash advance repayment plan that works even in your tightest monetary schedule.

Sure, but will I even be approved? My credit stinks.

Many payday loan and cash advance customers are pleasantly surprised at the fact that so many lenders require no credit check! Lenders are very aware that people don’t have the best credit score, especially today. However, that should not mean that you are not allowed to receive the service, respect and cash you deserve. Lenders know that even if your credit is not perfect, that doesn’t mean that you are untrustworthy.

Yeah, right.

Really. Lenders do not want you to take their money and run. They are designed to assist you out of a dire emergency. Plus, payday loan and cash advance lenders are able to offer your special rates and discounts if you are a returning customer. Showing that you are responsible and building rapport with your lender are two of the many things that you can do to save yourself money on a loan that will get you out of a jam.

The main thing to remember is ASK QUESTIONS!! Know your lender and do not be afraid to ask any questions you have about your loan, its agreement or your repayment terms. Doing so will save you from issues down the road and make the payday loan or cash advance experience a pleasant one for you.

Always use payday loans responsibly.

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http://www.QuickPaydayLending.com/articles/Article05.aspx
Jeremy Jones is an expert in the Payday Loan Industry and helps people get the best rates on Payday Loans and avoid costly problems associated with getting them.

Copyright © 2008 Jeremy Jones

Payday Loans – How To Choose A Lender

Most of us have experienced a minor crisis which called for immediate cash. If you have been in this position you may have considered taking out a payday loan, also known as a cash advance or paycheck loan.

It’s a well known fact that these loans feature steep finance charges, obligating the borrower to repay the debt at an annualized interest rate of over 900%. Because of the high cost of this form of borrowing, payday loans should only be used as a last resort. Using them frequently can trap a person in a dangerous cycle of debt.


If you decide on a cash advance loan you have a number of options. To the dismay of many lawmakers, this form of lending has proliferated throughout the US and Canada, and those who don’t have local access to a lender can easily find one online. In fact, your online payday loan options are so abundant that you may have some difficulty in settling upon a lender. The following are some unique features of payday loans, and a few guidelines to follow when getting one.

Exactly how high are the finance charges? A typical $250 payday loan carries finance charges from about $40 to $75, which translates into an APR of 400% to 800%. Not much of a bargain, but you can find significant differences from lender to lender.

One criteria you can use to compare payday loan companies is the maximum amount they will lend. The minimum amount is normally around $200, with the upper limit being somewhere around $2000. The precise amount will be determined by several factors including your income and work history. In many cases you will be able to increase the maximum amount for which you are eligible by building a history with the lender. Take care not to borrow more than you can afford to repay on the specified date, or you will incur even more finance charges.

How quickly will you receive your money? If you get the cash advance in person at a local establishment, you will have the cash as soon as you are approved. Online lenders take slightly longer, with the next business day being the norm. Some companies offer money wired into your account on the same business day provided you receive approval before a certain time, for instance 2:00 pm. You will probably pay more in fees for same-day service.

The minimum monthly income requirement for a payday loan can be as low as $800, not a big issue for most full time workers. Most lenders will not run a credit check; however, many of them use some type of tracking service that verifies identity and other information given by the loan applicant.

What if you are self employed or living on a fixed income like a pension or social security? Not all lenders will extend credit for this type of income, but you can find one with some persistence. In the event that you receive some non-traditional form of income that you want considered, the lender will verify the income by looking at your bank statements.

Do you happen to have access to a fax machine? With many payday loan companies, you won’t need it. “No Fax” lenders are the norm these days. While some lenders may require you to fax proof of income, most of the time everything can be verified online, saving valuable time in getting your money which can be deposited directly into your checking or savings account.

In the event you cannot pay off the cash advance on your next payday, most lenders will allow you to roll over the balance several times. Beware of doing this at all costs, as the already expensive finance charges can multiply quickly and make the loan even more difficult to repay.

Despite opposition from a number of lawmakers, the payday loan industry is booming. These “lenders of last resort” provide a needed service for a growing segment of the population- low to middle income workers who have difficulty obtaining more traditional loans because of their credit history and income level. Before you choose a payday loan, investigate any and all other sources of funding available. Choose a lender that has been in business for at least several years and is up front about all of their fees and policies. Don’t make a practice of using the loans regularly, and try to avoid extending loans beyond the initial repayment period. Finally, work to improve your credit score so that if financial difficulties arise in the future you will have a less expensive way to deal with them.

Easy Cash Payday Loans

Loans are a good way of forcing you to manage your money. They force you to save you money and ensure you make the repayments. This is a good thing as it makes you think about your finances and what you need to do to manage them.

It also can help you look at your budget and start to organize your wants and needs. Loaning money can be very useful, but you should always be careful about how much money you borrow and how much your repayments will be.


There are many types of loans and often a personal loan is the first type of loan that someone gets.

Once they get a small loan for a few thousand dollars, and manage to pay this off, this gives them the opportunity to establish a credit rating.

A good credit rating is essential if you want to borrow more money in life like getting a mortgage to buy a house. So it is important that you protect your credit rating at all times and not default on any loan repayments.

1. Easy ways to get a Payday Loan, Lease or Mortgage

Ther is an old saying from way back that says;

“the banks won’t lend you money if you really need it,”

Banks prefer to lend money to people who they know can pay it back or to people who already have a lot of money as it is a good investment for them.

If you don’t have a lot of money, then make it look as if you have and that’s often almost as good as having it.

If your desperate – then don’t admit it.

If you look like you couldn’t care less if they lend you the money or not, then chances are they will be less cautious.

Ensure that when you go to see them you dress well in your very best clothes.

Ensure you do your homework first – and arrive organized all the information the bank wants to know in order to approve your loan.

2. Documents you need to get a mortgage.

a) Your Expenses. It is a good idea to have all your expenses listed out. Put them in an Excel sheet and calculate the total. Car repayments, rent, food etc, all the necessary items.

b) Your Tax Returns. Two years worth of tax returns from your accountant.
Your Salary receipts from your employer. This could be a few weeks worth.

c) A copy of the Contract of the House you are buying and any other associated documents.

Cash Advance Loans – Why and How They Work

Have you ever been in a situation where you are burdened with large unexpected expenses and did not know where to raise the money to meet these needs? Are you overdrawn and is your credit card maxed out? While you may have the option of borrowing from friends, not everybody is comfortable being indebted to family or friends.

If you are in a situation like this, perhaps the best solution for you would be to get a cash advance loan or a payday loan. It seems that everywhere you look these days you will see a commercial for a company who is offering a cash advance loan and more and more people are using these loans to get immediate cash to take care of their urgent financial obligations.


Before you commit to a payday cash advance loan, you should know exactly what they are, how they work and how borrowing money from one of these lenders can affect you in the long run.

What is a Cash Advance Loan?

An online cash advance loan is quite simply a small loan made by a third party company that uses your current wage earnings and checking account as evidence that you will be able to repay the loan. Most online cash advance companies will require recent check stubs that prove you earn a certain pre-determined minimum amount each month. They will also need evidence that your checking account has been open and in good standing for at least a month. An online cash advance can often be the quickest route to getting the cash you need for an emergency.

Take a look at this example:

Sam hasn’t had the best month. Two weeks ago she was surprised with a power bill that made her wonder if she was supplying heat to the entire neighborhood. As a single mom of two she is already overextended as it is, and she’s still trying to pay off what she spent at Christmas. Before she could take a breath and ask “what’s next?”, she took the car for an oil change only to find out that she mad much bigger problems than dirty oil. When the estimate comes back, she looks at the numbers with tears in her eyes wondering how she can possibly afford to fix he car when she doesn’t get paid for another week and a half. She doesn’t have any friends or family to help her out and if she can’t drive to work she’s going to lose her job.

Examples like this happen every day to hundreds, possibly even thousands of people all over the country. Hard working people are caught by surprise by bills right when they least expect them. They don’t need a hand out, just a little boost to get them through a week or two until their next payday. Thankfully with the online cash advance, it can now be easier than ever to get over that little hump. If you can meet the minimum requirements to apply, you can often be approved for a cash advance loan in a matter of just a few minutes and the proceeds from your loan will be available to you within twenty four hours in most cases.

Most often all that is required is that you be at least eighteen years of age with a checking account and a stable verifiable monthly income. There is usually no credit check required with cash advance companies and you can get an advance loan of anywhere between $100 and $1,000, sometimes even more. You should never borrow more money than you really need to meet your obligations.

Advantages of taking Cash Advance Loans.

Some of the advantages of taking cash advance loans include:

– They are hassle-free

– The process typically takes less than half an hour

– It is available in an emergency without having to put up any security

– The proceeds of the loan are deposited automatically into your bank account less than 24 hours after approval

– It is discreet; nobody has to know that you went through a financial crisis

Cost of taking Cash Advance Loans.

Let’s face the facts here – cash advance loans are not free. These companies are in business to make money and make money they do, generally charging a fee starting at about 25% on average. On first glance that doesn’t seem like much — you pay twenty five bucks to borrow a hundred.

They usually come due in two weeks at which time you can either pay off the loan or extend it for a longer period. Be mindful that extending your loan will increase your fees, so you need to be careful that you don’t get caught in the trap of constantly renewing a payday loan out of convenience. With most cash advance loans carrying an annual percentage rate (APR) of 650% or more, when the fees catch up to you it will be anything but convenient for your budget! It is important to pay your cash advance loan off as soon as you can.

 

Cash Advance

If you have a credit card – a cash advance is an option cardholders can use to borrow actual currency against your balance.

WARNING: Make sure you know what you are signing up for whe you get a cash advance. Often there is high interest rates associated with these typoes of loans. You should always be careful getting a cash advance on your card as you need to make sure you can make the payments back.

Statements issued by the bank will generally provide two sets of numbers: the credit limit and the cash advance limit.

Cash Advances can be very useful in an emergency. If you are in a situation that is not an emergency, make sure you try every other alternative before you go for the cash advance.


Other alternatives might be;

– Borrowing Money from friends or family

– Getting a second job

– Finding ways to make easy cash

– Trying to make money Online.

Ensure you do your budget before you get the cash advance as this will give you a picture of your financial situation.

Lastly – ask a friend or relative for advice before signing anything.