Showing posts with label fast cash advance. Show all posts
Showing posts with label fast cash advance. Show all posts

Monday, July 23, 2018

How Are Short Term Cash Advances Different from Other Loans?

How Are Short Term Cash Advances Different from Other Loans?


In the world of lending there are so many different options, and if you don’t have a degree in finance it can all be a little confusing. If you’re looking for quick cash, a small amount of cash, an affordable loan, and an approval process that doesn’t require great credit, you may be looking at getting cash advances. But, you’re not sure you understand what that really is, what makes these loans short term, and what makes a cash advance different from other loans. We’re here to answer all your questions, so you can make the best decision.

Short Term Cash Advances Get You out of Debt Quickly


What really makes these short term cash advances different is the period of the loan. There are some other distinctions too, but this is the big one. Most loans, like bank loans and mortgages, car loans, and other similar loans, are long-term. That means you take out the cash and don’t have to repay it in full for weeks, months, or even years. With cash advances that come with short terms, you are expected to pay the loan back in full in a week or two. That keeps you out of debt over the long term.

With Short Term Cash Advances, You Only Borrow What You Need


The reason it is possible to repay these loans so quickly is that they are smaller amounts. Unlike other types of loans, cash advances are small. You might only borrow $200 or $300, for instance. This is a great way to borrow if you only need a little bit of money because it prevents you from staying in debt longer than you need to. You borrow just the cash you need to cover an immediate expense, and then you are out of debt again. You hardly have time to get into a sticky financial situation with a loan like this.

Cash Advances with Short Terms are More Affordable


Not only do cash advances like these keep you out of long-term debt and ensure that you only borrow what you need, they also make borrowing more affordable. If you thought you could never afford a loan, or you saw the interest rate on a cash advance and thought it would cost you a fortune, think again. This is a loan that nearly any employed adult can afford. If you earn a regular income, you can afford this loan. With the smaller amounts of cash and the short-term, the interest paid on the loan in the end is really reasonable.

And, These Cash Advances Are Fast


If you need to borrow just a couple hundred dollars, you likely need it in a hurry. In addition to all the other ways a short term cash advance is different from traditional loans, they are fast. You can apply now, get an answer in minutes, have a real loan today, and have your cash in hand tomorrow before you eat breakfast. The differences between cash advances and other loans are important. Use them to make a smart choice about how you borrow.