TopConsumerReviews.com
      December 18, 2017

Home  >  Cash Advance  >  Articles

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Baby Cribs

Candy Clubs

Credit Card Consolidation

Graduation Invitations

Hair Care Products

Installment Loans

Makeup

Reverse Mortgages

Tickets

Web Hosting

 

Related Articles

Cash Advances Offer Fast Cash When You Need It

Fast Cash Cash Advances vs Traditional Loans

Cash Advance FAQ

The Benefits of Cash Advances

Applying for Cash Advances Online

How to Find Lenders Specializing in Cash Advances

Reasons Why You May Need a Cash Advance

Cash Advances and Your Credit

Tips for Getting and Repaying a Cash Advance

 

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.

Fast Cash Cash Advances vs. Traditional Loans

Although cash advances are somewhat like traditional loans in certain respects, there are many differences than similarities between the two. Like conventional loans, cash advances must be repaid according to the agreed upon terms but, seemingly, this is where the likeness ends.

When you think about a conventional loan, you probably think about a lengthy and detailed application, along with a complete review of your financial status and credit history. Following that, a lender will review the application and decide whether or not to approve the loan within several days. Cash advances, on the other hand, offer applications that typically take less than 5 minutes of your time, offer fast results and equally fast cash. In addition, the majority of payday lenders do not review your credit file, which means that an absent, limited or poor credit history will not likely hinder your ability to qualify for cash advances. In most cases, the funds from cash advances are transferred into your bank account within 24 hours.

When it comes to fees, the costs associated with cash advances are often more expensive than conventional loans. Cash advances often include the actual loan amount plus a fee based on the same. Most lenders charge anywhere from $10.00 to $30.00 per $100.00 loaned. In most cases, cash advances are available in amounts up to and including $1,500.00. Conventional loans, on the other hand, are issued with a preset interest rate and no additional fees. Without a maximum loan amount, conventional loans often provide for larger funding.

If you are trying to choose between a conventional loan and cash advances, your first consideration should be the amount of money that you need to borrow. If you need $1,500.00 or less and need this amount on a temporary basis and you have the ability to repay it quickly, cash advances may be the answer you need. If you need fast cash, payday lenders specialize in these types of loan requests.

When applying for cash advances, you will need a checking account, a regular job with steady income and you must be at least 18 years of age. When you apply for a conventional loan, you will still need a job with regular income and be at least 18 years of age, but you may also need collateral for the loan. Depending on the amount requested, you may be asked to provide tax returns, proof of assets and a host of information relating to your current net worth. When it comes to cash advances, your paycheck is your credit and no other collateral is needed to secure the loan.

The type of loan that you ultimately request will depend on a number of factors, including the desired loan amount, current income, ability to repay and the desire to repay it quickly or in payments. Most borrowers request cash advances for emergency purposes, including car and home repairs, doctor visits or simply when they need additional cash to carry them over until the next paycheck.

What's the Difference Between a Term Loan and a Merchant Cash Advance

Both financing options offer much-needed capital to businesses, but each has pros and cons. The search for business funding can be a complicated process full of fine print and confusing jargon. Some of this lingo is superfluous and unnecessary. Other terms ...

Published:  Mon, 11 Dec 2017 13:29:00 GMT



Unregulated lawsuit loans are a costly way to raise holiday cash

Companies that advance funds to individual plaintiffs get a boost around the holidays as consumers seek to free up cash. Annual interest rates may run as high as 98 percent on advances, which are unregulated in most states. The CFPB could back off attempts ...

Published:  Fri, 15 Dec 2017 15:29:00 GMT



Group advances new discourse on tithe

He noted that though the Apostles may not have paid tithe in cash, they indeed paid through their priceless and indelible services to the gospel and mankind, especially the poor and needy. In his view, nothing could be more tithe than this, and this ...

Published:  Sat, 16 Dec 2017 20:17:00 GMT



Apple's Rumored 2018 iPhones and iPads Should Let It Cash in on 2017's Advances

After launching a phone this fall that's promised to "set the path" for smartphone technology for the next decade, it's not realistic to expect Apple Inc. (AAPL) to follow up with something equally headline-grabbing in 2018. And based on what's been ...

Published:  Sun, 10 Dec 2017 06:45:00 GMT



Cash bucket buys YSU victory

Nikki Arbanas hit Cash on the right low block, and Cash finished with 4.3 seconds left. The Lumberjacks called timeout to advance the ball but did not get off a potential tying shot. Cash finished with 24 points and four steals, and three other Penguins ...

Published:  Sun, 17 Dec 2017 02:32:00 GMT



Moody's: Japan credit card ABS performance to show limited short-term negative effects from bank tightening of cash advances

SEE ALSO: The Treasury released a bizarre one-page report on the GOP tax bill, and it's already getting shredded ยป

Published:  Thu, 14 Dec 2017 21:03:00 GMT



Advance Auto Parts (AAP) Up 5.2% Since Earnings Report: Can It Continue

Financial Position Advance Auto Parts had cash and cash equivalents of $363.3 million as of Oct 7, 2017, up from $135.2 million as of Dec 31, 2016. Total long-term debt was $1.04 billion as of Oct 7, 2017, almost unchanged from the Dec 31, 2016 figure.

Published:  Fri, 15 Dec 2017 18:12:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure