| Some people make regular use of cash advances. | | | | most credit cards. This is because cash advance |
| Every time they don't have enough cash to get | | | | companies don't take into account your credit |
| by, they go apply for another loan. This is their | | | | rating when they approve you - they just look at |
| way to avoid waiting until payday. | | | | your income. Because of this, there is higher risk |
| Instead of biting the bullet and scraping by until | | | | to the loans and a larger proportion of borrowers |
| the next payday, these people apply for another | | | | who default. |
| loan each time finances get tight. They would be | | | | If you are using cash advances as one tool to get |
| far better off budgeting carefully to avoid money | | | | yourself out of debt, it is a worthwhile technique. |
| shortages in the first place and then they wouldn't | | | | You have to have a budget in place though. Start |
| need a cash advance. But they don't. | | | | one if you don't already have one, to make sure |
| If you take out only small loans that you know | | | | you can pay back the loan. |
| you can repay the next time you get paid, that | | | | Plus, if you have a budget, you're more likely to |
| isn't so bad. It's important not to take out too | | | | get out of financial trouble with or without a cash |
| much, or more than you can pay back quickly. | | | | advance than if you are just winging it and hoping |
| You can end up in a real financial mess if you take | | | | to survive until payday. |
| out more loan than you can easily pay back, | | | | Be sure to write in your cash advance into the |
| because these loans charge interest. | | | | budget. If you use them just when you have real |
| Worse, the interest rate on these loans is | | | | need, and it is a decision that makes financial |
| astonishingly high. In some cases, it is higher than | | | | sense, you should be fine. |