• How it works
• Advantages of a Cash Advance
• Choosing a Cash Advance Lender
• CashAdvanceActivation
• NonRestrictedCashAdvance
• RentersCashAdvance
• ChristianCashAdvance
• PeoplesCashAdvance
• WomensCashAdvance
• PatriotsCashAdvance
A Cash Advance can be a lifesaver, but like most emergency equipment should be used only when absolutely necessary. Remember, a loan can keep a check from bouncing, but in the long run won't solve what created the financial difficulty in the first place.
In fact, a high-interest-rate loan that has to be repaid the next payday can make a tight financial situation even worse. Granted, coping with short-term financial problems without taking on more debt can be difficult, but with some creativity and determination it can be done.
Some alternatives to consider before resorting to a payday loan:
Start a $500 "Rainy Day Fund."
Yes, times are tough and saving isn't always easy -- which is exactly why you SHOULD start saving money. Building an emergency nest egg doesn't take as much as you might think; even $10 per paycheck adds up nicely after just six months. Better yet, if you have direct deposit, have your payroll manager deposit the money into a separate savings account -- you'll be surprised how much you won't miss the cash. (For both inspiration and information, visit www.AmericaSaves.org)
Sure, it seems obvious, but you'd be surprised how many American families DON'T have a plan for their money. Creating a budget isn't complicated; it's simply a matter of taking stock of your income and expenses, then figuring out a spending and savings plan that works for your particular situation. Tip: split expenses into "seasonal" (such as insurance or car payments) and "everyday" (groceries or gasoline).
For credit problems, seek professional help.
If you're overwhelmed with debt, a credit counselor can be just what the doctor ordered. A qualified agency can put together a debt consolidation plan, as well as offer financial or budget counseling. Buyer beware, however: there have been some problems in the industry, such as overcharging and other deceptive business practices.
In fact, we don't recommend credit counseling for everyone. It's always better to develop your own budgetary plans, and -- if at all possible -- negotiate with creditors yourself.
If you do decide to go with a counseling agency, at least take the time to shop around. Above all, make sure you're not dealing with a credit repair company, which will charge big fees for work you could be doing yourself. If you're not sure about an agency, visit the National Foundation for Credit Counseling (http://www.nfcc.org). You can find out if an agency has had complaints filed against them at your local Better Business Bureau or State Attorney General's office.
Are you a member of the armed services?
Military OneSource can help you and your family with your most pressing financial problems. Call 1-800-464-8107 for Military OneSource. Additionally, Navy and Marine personnel can contact the Navy Marine Corp Relief Society. Coast Guard personnel can contact Coast Guard Mutual Assistance.