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      April 23, 2018

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Top Consumer Reviews Articles

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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.

Armed robber uses Zip Ties to restrain cash advance store clerk before fleeing

WEXFORD COUNTY, MI -- An armed robber used Zip Ties to tie up a clerk at a cash advance store before fleeing the scene, police said. The robbery happend about 11:15 a.m. Saturday, April 21 at 3970 S. Old U.S. 131 in Wexford County. Wexford County sheriff's ...

Published:  Mon, 23 Apr 2018 08:38:00 GMT



Honeywell's Free Cash Flow Is Amazing

Sales are expected to advance to a range of $41.8-$42.5 billion on 3%-5% organic growth (was 2%-4%), while segment margin expansion of 30-60 basis points is expected to help drive EPS to a range of $7.85- $8.05 (was $7.55-$7.80). Free cash flow is expected ...

Published:  Mon, 23 Apr 2018 07:40:00 GMT



Lincoln Park police seek help identifying Cash Advance robber

Lincoln Park police are asking for the public to help them identify a woman who robbed the Cash Advance, 2271 Fort St., just before 6 p.m. March 12. The woman is described as black, between 25 and 35 years old and standing about 5 feet tall. She was ...

Published:  Thu, 22 Mar 2018 18:06:00 GMT



Nigeria: Reps Query Labour Ministry Permanent Secretary Over Alleged N45.7 Million Cash Advance

Abuja - The House of Representatives Committee on Public Accounts, yesterday, queried Permanent Secretary of Ministry of Labour and Employment, Mr Bolaji Adebiyi, for information regarding N45.7 million cash advance made to two officers of the ministry ...

Published:  Tue, 13 Feb 2018 04:39:00 GMT



ADVANCE AMERICA CASH ADVANCE

2018 will be a difficult year for the industry since there is shrinkage of tenancies. But, 2019 onwards there will be revival and in 2020 we will see significant growth. Banks and corporates are allowed to pay the TDS or the tax deducted at source for any ...

Published:  Wed, 28 Feb 2018 16:00:00 GMT



Coinbase May Be Refunding Credit Card Cash Advance Fees On Cryptocurrency Purchases

Credit card companies look to reduce their exposure to the crypto market by classifying cryptocurrency purchases as cash advances. Cash advance classification could lead to further declines in demand for cryptocurrency. At least one Coinbase user says that ...

Published:  Tue, 03 Apr 2018 01:02:00 GMT



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