Who does not owe money to anyone? Who has not been a victim of a loan shark? Who has not gone through a financial or credit institution and negotiate on the payment terms, methods or amounts? If you think it’s you, how lucky you are!
When people are badly in need of money, they resort to these means. They either go to an individual who’s keen in lending money, they will go to credit associations despite of a higher interest rate, they will opt for a financial institution even though that would mean having a collateral. They won’t mind it, they are in need and this needs to be addressed. That’s all that matters.
Many didn’t know that there is still an option left; perhaps this would be the best choice, cash advance. It is a method in which you are getting a part or your whole pay for a particular pay date. It is merely, advancing your salary. Cash advance isn’t a credit or loan, so no applicable rates of interest will be accumulated or will be charged to you. You will not also be bragged of paying because in strict sense, it isn’t really a credit.
Apply for cash advance when you are in need of it. Just like with credit or loan, do not do this when all you want is to buy luxuries. Though cash advance isn’t a bad thing, it’s still best to spend your hard worked money wisely. Be the master of your money and not otherwise.
LOURDES ESPANOL says
September 11, 2011 at 10:44 pmI’ve never used the cash advance feature of my credit card. I afraid that the interest will just balloon and I won’t be able to pay it.