I was thinking of getting one of those cash advances has anyone ever did that and what was there outcome good?


Question:
i just moved to minneapolis and had my own business when i moved and havnt changed banks and closed the one in mo so i am financial strapped until my business picks up here and wwanted to get a cash advance and wanted some advice or one that is good
You are better off asking for loans from a bank. Especially if you have small business, you can apply for that type of loan instead of a personal loan.
A cash advance is a bad idea. You get the high rates of your credit card, and you will get charged a large fee.
They are extremely risky. The one thing you have to remember is, lets say you take out $500. When your payday comes through you are going to pay back $550 roughly.
the best bet is to go though a bank those cash advances are nice but they kill you with interest.
I (we, my husband and I) have done it, and I really don't ever want to do it again. It's just to easy to get really far behind. I would check with a bank frist.
I would ask your bank first (since you know them, and they know you) for a loan. Better to try the people you know first. Don't bite into those TV ads for "Cash Loans". Simple answer is to just "shop around"... Find one that fits yur needs and payments with Low intrest.
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