Getting A Cash Advance For 30 Days
Most short term loans you get against your paycheck allow you to repay the loan in about two weeks
, but there are some cash advance lenders who will let you borrow for 30 days.You do need to be aware that you will be paying higher fees for having the loan longer, but if you are strapped for cash, this is a great option.
Generally, the money borrowed for a 30 day cash advance can be in the range of $200 to $1,000. There are cash advances available where you can borrow more money, if you are qualified, and this will depend on your income and when you can repay the cash advance.
If you need in excess of $1,000, it may be a good idea to look into obtaining a personal loan rather than a cash advance.
One of the most common questions that people ask is how soon will the money from the cash advance be in their personal bank account. This will depend on the cash advance company, but most will get you the money within 24-48 hours.
One of the main reasons why people get a 30 day cash advance is that you can obtain one even if your credit is not good. The reason for this is that to obtain a 30 day cash advance, a credit check is not performed.
Another question that people ask is how soon do I have to pay back a 30 day cash advance? The answer to this will depend on your payment schedule.
People that are paid once a month will not have a problem qualifying for a 30 day cash advance. If you are paid every 2 weeks, it means that you have to take out a common 14 day cash advance and then renew it.
Many people are under the assumption that they will not qualify for a 30 day cash advance after they apply for one. However as it was mentioned above, if they are paid once a month, make in excess of $1,000 every month, are a United States citizen, over 18 years of age, and have an active checking account, they will qualify for a 30 day cash advance.
When taking out a 30 day cash advance, you will discover that there are fees applied to the amount of money borrowed. There will be a certain fee for every $100 borrowed, which will be renewed at the end of each pay period until the cash advance is paid in full.
The fees can range from $10 to $30, or even more, but you need to remember that these rates are usually for a 14 day cash advance; therefore, the chances that they will be higher for a 30 day cash advance are good. Most lenders have a flat amount they charge for every $100 you borrow.
Since these loans are quite easy to get, some people wonder how often they can apply for cash advance loans. There are not any restrictions on what you can use the money for, but usually you can only take out one cash advance at a time.
Usually most lenders will lend you money as frequently as you need it, as long as your previous loan is paid off. This is a double edged sword though, so buyer beware; beware of yourself.
The fees that you can rack up for yourself will really add up over the weeks and you could find yourself hip deep in financial trouble. If you had an emergency and an outstanding cash advance loan, you would find yourself stuck.
Extending your loan is possible but can quickly turn into a downward spiral if you already live paycheck to paycheck. If you discover that you have to take out quite a few cash advances, it may be advantageous for you to look into other ways to remedy your cash flow problem.
Cash advance loans were created to ensure that the public had a way to get money for emergent situations, not daily purchases.
by: Jack Landry Non Toxic Pool Service Free Market Capitalism For Our Economic, Problems Is Accusing A Ghost. Make The Realtor Does Property Search For You Key Chains That Are To Die For Australian High Temperature Blankets Longaberger Review - Is Longaberger the Suitable Business Opportunity for You? The Car Master The Brightest Muscle Car Himfr.com Reports Intel Launched For Visually Impaired People's Voice E-reader Himfr.com Reports Guangdong Province's Effort To Create The Special Internet Of Things The Key Chain Choices Online Printing Directory Is Beneficial In Many Ways The Different Key Rings