Tag Archives: Cash Advance

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.