Have you ever been tight for money? It's not an uncommon situation, especially in today's economy with such high unemployment rates. Or have you ever been in a situation where you had to have cash, where credit or check would not work, and you didn't have enough money in your account to get cash from the ATM? These are all situations where a cash advance may be required.
Cash advances allow credit card users to borrow money against their credit cards. It's a short term loan and the amount of cash you can borrow is a percentage of your credit limit.
Fortunately, advances have become very simple, quick, and hassle-free:
They can be performed at banks, ATMs, and even online!
They don't require a credit check!
Unlike with traditional loans, there is no long wait to see if you're approved!
And now with the advent of online cash advances, you don't even have to leave your home in order to get money, and they can often be done entirely online without requiring anything to be mailed or faxed in.
They are often convenient for people who might not have the best credit score and who may be denied other types of loans.
Of course, they should not be relied upon; they are best utilized in emergency-type situations when you need a bit of cash right away, and not just for things when you want some extra money.
When used properly, cash advances can be very helpful. As with anything, always read the fine print before you sign up.
To learn more about cash advance options, please visit this link.