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Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Cash Advances and Your Credit

Every day, people struggle with finances and often a little help is all thatís needed to get them back on track until their next paycheck. For some, cash advances may be the answer. Because they often require no credit check, cash advances are ideal for those with little or no credit history. At the same time, they are perfect for someone who may have had credit problems in the past.

Instead of credit, payday lenders are more concerned with your current ability to repay a debt. This means that they will verify your employment and income, but will not typically pull your credit report. In addition, cash advances are not commonly reported to credit bureaus, which means they will not show up on your credit report. If you have concerns about future lenders knowing that you once applied for cash advances, you will be glad to know that it is unlikely.

Although cash advances are not issued based on credit, nor will they commonly appear on credit reports, they must be repaid as any other loan. Because they offer fast cash with very little qualifying, with the exception of steady employment, cash advances do not come cheap. Most lenders will apply fees based on the loan amount and may range from $10.00 to $30.00 per $100.00 loaned. For instance, if you borrow $1,500.00 in payday loans, you may be paying between $150.00 and $450.00 in fees plus the original loan amount. If you request that the loan be extended, and the lender agrees, these fees will continue to roll over as well.

If you would like to access your credit report, you are entitled to request a free copy from each of the three credit reporting agencies on an annual basis. You can either submit your request online, by phone or in writing. In addition, if you are turned down for credit, you will be given a letter of explanation from the lender containing a reason for their decision. The letter will also contain the contact information from the credit reporting agency, which was used during the decision making process. You will have approximately 60 days from the date of the letter to request a free copy of your credit report from the agency listed.

Cash advances are designed to be a short-term fix to a temporary problem. In most cases, they are used when unexpected events arise or the borrower simply falls a little short on cash. Although their fees can be high, they provide many with the instant relief that they so desperately need. When it becomes impossible to wait for the next paycheck to buy groceries, see a doctor or even have your car repaired, cash advances can give you access to quick cash as a quick fix to a temporary financial slump.

Advance America Cash Advance robbed

LIMA - Lima police are looking for a suspect who robbed the Advance America Cash Advance at 1100 N. Cable Road around 6:30 p.m. Friday. Police detective Steve Stechschulte says the suspect was a light- to medium-complected black male in his late 20's ...

Published:  Fri, 05 Jan 2018 16:19:00 GMT



Sorodo Expands Platform Beyond Merchant Cash Advances

U.K. alternative lender Sorodo says small businesses (SMBs) in the nation remain unaware of the option to access a merchant cash advance, and that's something the company plans to address this year, according to a press release the company issued Monday ...

Published:  Tue, 16 Jan 2018 05:48:00 GMT



Advance Tax Should Be Made Bi-Annual To Ease Cash flow

Despite the ruling government has taken several policy decisions ahead of Budget 2018, thereby reducing the budget's role, still its importance has not diminished. This is the first budget post GST and probably the last full budget before the 2019 ...

Published:  Wed, 17 Jan 2018 04:40:00 GMT



'Cash for Criminals' or an answer to violence Council has decision to make on Advance Peace

STOCKTON - Mayor Michael Tubbs first went public with his interest in a violence-prevention program called "Advance Peace" in early July. Tubbs' critics quickly dubbed the program "Cash for Criminals" and mocked the mayor for championing what ...

Published:  Sat, 06 Jan 2018 02:07:00 GMT



Apple's tax shift means less cash than you think - but still plenty for a big acquisition

Investors hoping that Apple will make a big megadeal in the vein of a media company or a smaller car company to advance its work in self-driving cars are likely to be disappointed. Despite Wednesday's celebrated announcement, Apple's cash is more ...

Published:  Thu, 18 Jan 2018 04:47:00 GMT



China says cross-border cash flows hit turning point in '17

HONG KONG (AP) - China's cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines, the country's foreign exchange regulator said Thursday. The supply and demand of foreign exchange ...

Published:  Wed, 17 Jan 2018 20:27:00 GMT



Avoid these 5 common cash-management mistakes

3. Managing the company's debt profile to ensure that facilities are renewed well in advance of expiration and ensuring covenant compliance. 4. The design of a short term cash flow forecast. 5. Implementing credit control policies. 6. Implementing ...

Published:  Fri, 12 Jan 2018 04:39:00 GMT



Tax Refund Loans Give Cash Now to Early Filers

If you need cash now while waiting for your tax refund ... Here are details of this no-interest loan, which is called Express Refund Advance and issued by Metabank: Minimum tax refund amount: $500 Loan amounts: $100, $200, $500, $750, $1,000 or $3,200

Published:  Thu, 18 Jan 2018 13:56:00 GMT



Cash 5 Jackpot of $500,000 Won in Allegheny County

Players also win prizes for matching two, three or four winning numbers. Cash 5 is drawn each evening and tickets can be purchased up to seven draws (one week) in advance. Chances of winning the jackpot prize are 1 in 962,598; the overall chances of ...

Published:  Tue, 16 Jan 2018 08:17:00 GMT



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