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      October 23, 2017

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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 that’s 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.

How a merchant cash advance can give your business a boost

It is not unusual for even the savviest business owner to find themselves in need of a quick cash injection. When we think of a business loan, most of us imagine dealing with a big bank and trying to secure relatively large amounts of money. This is fine ...

Published:  Wed, 18 Oct 2017 03:49:00 GMT



Dreamscape Networks cash advance approved to grow company

Web hosting company, Dreamscape Networks (ASX:DN8) has had a $20 million three-year cash advance approved, which will enable it to grow in Australia and Singapore The facility was approved by a major Australian bank and will help the company make further ...

Published:  Thu, 12 Oct 2017 16:38:00 GMT



Nzoia cane farmers want advance cash payment programme

Nzoia Sugar Cane Outgrowers company yesterday demanded an advance payments scheme to help farmers waiting for crops to mature. Company chairman Christopher Sifuna said farmers need cash to survive because cane takes 18 months to mature. "˜'Most of our ...

Published:  Wed, 11 Oct 2017 10:06:00 GMT



Pro-independence Catalans make cash withdrawals in protest

BARCELONA, Spain (AP) - Bank customers in Catalonia are withdrawing money from financial institutions that have moved their official headquarters to other locations in Spain amid a political crisis over the region's independence bid. Pro-independence ...

Published:  Wed, 18 Oct 2017 21:00:00 GMT



Chip Maker Aquantia Advances IPO Plans After VC Cash-Out

This is the kind of news coverage and analysis you can access exclusively as a WSJ Pro Member.

Published:  Tue, 10 Oct 2017 19:59:00 GMT



LOAN TO PUERTO RICO WOULD INCLUDE A $150 MLN ADVANCE; COULD BE USED FOR PAYROLLS AND PENSIONS, BUT NOT DEBT SERVICE -TRUMP ADMINISTRATION OFFICIAL

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.

Published:  Tue, 10 Oct 2017 16:01:00 GMT



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