How to Find a Good Cash Advance Online and Locally
Worry no more because if you are armed with knowledge, you will know exactly how to find a good cash advance lender. Always remember that familiarizing the system is the first step to beat it.
Ways to Find a Good Cash Advance or Payday Loans
Luckily, consumers are not trapped into only one or two ways to find a good cash advance or payday loan. There are so many ways to get emergency cash fast.
Credit card advances
The most common way to find a good cash advance is perhaps the one coming from credit card companies. All you have to do is withdraw money from your credit card, just like the way you do with an ATM card.
Just beware of the allowable amount that can be withdrawn from a credit card as a cash advance. Usually, the credit card has a different credit limit for the cash advances than the card’s overall credit limit. It is best to ask your credit card company to learn about the card advance cash loan.
Take note also that credit cards commonly charge 20% for the cash advance, but this interest rate applies yearly. If you borrow $200, your interest rate for the whole year is $40, or about about $3.33 every month.
Cash advances from a lender
Not only credit cards provide cash advances, but there are also lenders who provide cash loan similar to cash advances, like personal cash loan or payday loan. The cash advance companies will first have to check your credit history to know whether you are a good payer or not.
The cash advance application from lenders is often quick to be approved and released. It is easy to process the papers as well, and you can get the cash within a day. The only drawback of this is that cash advance companies often charge a high interest rate of about 15% every week. Because of this, you will need to pay the cash loan on or before the due date, or you will suffer expensive cash advances.
The problem with cash advance companies is that you need to have a good credit record, but what if you are in bad credit? If you have a regular job, or a regular source of income, then you can definitely get emergency cash with a payday loan.
Most employers offer this service for their employees. Ask your boss if the company offers the same. The interest rate on this option is just the same as the cash advances interest rate.
With these so many ways on how to find a good cash advance, you will definitely get the best option to raise emergency cash. All you need to do is compare your options and pick what seems to be the best.
Finding a Good Cash Advance Locally
First, ask around for any local cash advance lenders, and also ask friends or co-workers for their recommended lenders. You can check the yellow pages, but just make sure to check if the lender is registered. Scammers are all around, taking advantage of people in need of emergency cash and those trying to find a good cash advance.
After finding good cash advance lenders locally, you should compare the rates and offers so you will know the best deal.
There are also cash advance online lenders, but the best thing when you find a good cash advance locally is that you can easily check if they exist or not. You can even go to their office, process the application there, and get the emergency cash directly from the source.
Finding an Online Payday Loan and Cash Advance Lender
Although local cash advance lenders seem to be more legitimate, dealing with them is never as easy as dealing with payday loans online lenders. Online payday loan and cash advance lenders do business and process loans online. All you need to do is complete and submit a form for the loans online, submit the needed requirements via the Internet, and wait for their response. Most payday loans online lenders communicate through email or their call center agents. Within the day of submitting your application, you will usually receive a response from the online payday lender.
Now, how will you get the cash from an online payday loan lender? You just need to have a checking account or a bank account for the online payday loan. Once the cash loan is approved, the lender will send the money to you electronically. All you need to do now is withdraw the money and thank the online payday lender.
General Payday Loan Tips for the Best Deals
Comparing is the most effective way to get the best cash advance deals, whether loans online or local. Do not just settle on one or two potential lenders. Instead take the time to find more and compare their rates.
When comparing rates, compare the rates on the same unit. Some lenders may be offering a 10% interest rate while others offer 20%. At first glance, the 10% may seem the best deal, but is it an annual rate or a weekly rate?
It is quite easy to find a good cash advance, and you just need to know how. With the tips and guides learned through your researching, you are already nearer to it. You will certainly find a good cash advance lender in no time.