How do cash advances work?
Question:
www.e-cashadvance.com
Answer:
Cash advances work by relying on the fact that you have a credit card, checking account or a job to guarantee the payment.
The interest is as high as 96%.
Cash advances are good when used ONCE when one is in a financial bind and can't get e traditional loan from a bank.
Due to the high interest and fees, people take these loans out over and over. When that happens, the cycle is never ending.
ABSOLUTELY-- they're not going to give you the money for free!
Most employers do cash advances and dont charge you a fee-- consider that. Dont ever get into the payday loan trap-- you'll regret it!
Of course they will charge you interest. They will also likely charge you a fee of 3 to 5% of the advance - sometimes capped at $100 or so.
Don' t ever borrow money unless you know the full costs upfront.
That company will screw you. Take a couple of minutes and investigate some of these screwball crooks. They do alot of advances for military people and charge them upwards of 40% interest on these "advances".
If you need more money get another job. If you borrow from these asses they will PWN you!
If you need a cash advance, borrow it from your credit card. I wouldn't trust that company since they didn't tell me my interest charge.
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