What exactly is a cash advance and just why is it so very bad?

What exactly is a cash advance and just why is it so very bad?

Is a cash advance or payday loan a convenient method to have the fast money you’ll need? Or will they be a ripoff that is huge should avoid such as your chain cigarette cigarette smoking aunt Tilley with all the bright lipstick planning to provide you with some “Christmas Sugar” once you had been a youngster?

If you have been reading the CFF we we blog for very long, you most likely know already where We stay on that one.

Therefore prepare yourself while we intensify on my soapbox.

Payday Loans and Free Lottery Tickets!

I made the decision to talk about payday advances (also referred to as payday loans) once I started seeing a commercial in my own regional marketplace for a money advance/payday loan company that provides clients a totally free lottery solution with every loan that is written.

Exactly exactly How awesome is the fact that?

Motivating a borrowing that is questionable with a 1 in 170 million shot at winning the lottery. This represents degree of stupid that I hoped would not occur in the field. But alas, my hope is misplaced. I have discovered myself profoundly incorrect about individuals bad choices in terms of cash. Continue reading “What exactly is a cash advance and just why is it so very bad?”