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Tips For Getting and Repaying a Cash Advance

Whether you're considering applying for cash advances or are currently attempting to repay one, the following tips are designed to help you get the fast cash that you need or repay your lender without further delay.

When applying for cash advances, you can help the process to move along more quickly by having the necessary information available for quick reference. This may include your checking account information, your income and the contact information for your employer.

If you are thinking about applying for cash advances, make sure that the fees are spelled out clearly. Avoid a company that is vague or will not directly answer your questions regarding costs associated with a cash advance.

If you want to avoid additional fees, paying off your loan quickly will help you to accomplish this goal. You can save money for repaying your loan by clipping coupons, packing your lunch instead of eating out and selling some of your household items on eBay or Yahoo auctions. Getting creative by saving or earning money where possible will lead you toward financial and personal freedom in no time.

When applying for cash advances, it's important to request only the money that you need. The reason is because you will be charged a fee that is based on the loan amount, which is why it's essential that you use only what is necessary and repay it as quickly as possible.

Cash advances often provide cash within 24 hours, which means they are ideal for having access to fast cash for unexpected emergencies.

When it comes to repayment, the most common option used is an automatic debit from your checking account. In some cases, you may be asked to write a check to the lender, which will then be cashed on the agreed upon date unless other arrangements are made.

If you have applied for one or more cash advances and they are continuing to roll over due to your inability to repay them, there is still hope. You can always take out a cash advance on a credit card to repay the loan. This is especially helpful if your credit card has a 0% introductory APR or a very low fixed rate, which will stop the cash advance fees from accruing and will also help you to get the debt repaid much faster.

Cash advances do not typically require a credit check, which means your past credit history will not be a factor in determining the status of your application. You must, however, have a steady job and regular paycheck in order to qualify for cash advances.

Because a credit report is not usually a part of the cash advance process, future lenders will not know that you ever applied since the loan will not appear on credit reports.

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Cash Advances In The News

ECB's Coeure opens door to new cash boost for banks

NEW YORK (Reuters) - European Central Bank board member Benoit Coeure said the ECB was discussing the idea of issuing new multi-year cheap loans to banks, which in some countries face a funding ...

Published:  Sun, 17 Feb 2019 01:21:00 GMT



PayPal to fund $25M in cash advances for unpaid federal workers

PayPal will provide up to $25 million in interest-free cash advances to help federal workers going without pay during the partial government shutdown make ends meet. "Starting immediately, PayPal is o...

Published:  Sat, 19 Jan 2019 09:58:00 GMT



PayPal Offers Unpaid Federal Workers $500 Cash Advances With 0% Interest During Shutdown

PayPal is trying to ease the financial burden of the government shutdown by providing a total of $25 million interest-free, cash advances to the 800,000 federal workers going without pay. "Starting im...

Published:  Fri, 18 Jan 2019 13:50:00 GMT



PayPal offers $500 advances for government workers during shutdown

The online payment company is offering cash advances of up to $500 with 0% interest. States warn food stamp recipients to budget due to government shutdown. Watch the report from Gray Hall on Action N...

Published:  Sat, 19 Jan 2019 08:17:00 GMT



Sibanye offers cash advance to eligible mineworkers to ease strike's financial impact

The cash advance will be available to all category 4-8 employees, miners, artisans and officials in the bargaining unit who are at work. Amid an ongoing strike at its South African gold operations, Si...

Published:  Wed, 02 Jan 2019 21:37:00 GMT



Grewal: Philly cash advance-backer sold unregistered securities in NJ

The Philadelphia, Pa.-based Complete Business Solutions Group sold $8 million of unregistered securities to 29 New Jersey investors and must immediately discontinue those business dealings in the stat...

Published:  Thu, 27 Dec 2018 19:05:00 GMT



Suspect in cash-advance store robberies now formally charged

OTTAWA COUNTY, Mich. - The suspect in at least some of the recent cash-advance store robberies in West Michigan now stands formally charged. Ottawa County Sheriff's Captain Mark Bennett tells FOX 17 t...

Published:  Thu, 20 Dec 2018 13:34:00 GMT



Sichenzia Ross Ference LLP Launches Merchant Cash Advance Practice Group

NEW YORK, Jan. 15, 2019 (GLOBE NEWSWIRE) - Sichenzia Ross Ference ("SRF" ), a leading securities and corporate law firm, today announced that the firm has launched a specialty practice group devoted to ...

Published:  Tue, 15 Jan 2019 06:22:00 GMT




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