What Is A Guaranteed Cash Advance?

When you need fast cash and cannot wait until you get paid, you can get a guaranteed cash advance. This is an advance against your next paycheck. It stems from an old concept that used to be very popular with businesses before the days when people relied on credit cards to pull them through until the next paycheck.

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The credit crunch has eliminated a great deal of credit card spending as well as lending to those who have poor credit. Many people who do not have high credit scores are finding that the doors to credit card companies are closed to them. Those who do obtain credit, usually do so at a great cost. There are annual fees connected to the cards and often monthly fees as well. The interest rates are over 9 times the prime lending rate. Credit card companies also try to lure people into paying even more money against any lending by offering them the advantage of paying only a little bit back at a time. Those who take them up on this offer often find themselves deeper in debt the next time an emergency arises where they need fast cash.

A guaranteed cash advance is a loan that you can get that is based upon your paycheck. You get the money that you need right away and then it is paid back once you get paid. You are merely borrowing on what you have, not what you do not have. You can get yourself out of a bad financial predicament quickly and easily when you get a guaranteed cash advance.

Unlike bank lending, a guaranteed cash advance that you get online does not look at your credit score. The loan is guaranteed against your paycheck, so you do not have to worry about qualifying. As long as you are working and earning steady money, you can get this type of fast cash loan.

Many people feel that it is far better to borrow against something that they do have, such as a future paycheck, rather than money that they will not have in the future. For this reason, people who get into a financial bind and do not want to borrow against a credit card, or cannot borrow against a credit card, can turn towards a guaranteed cash advance. These loans are easy to get and can be acquired right online. There is no need to go into a cash advance office or spend time waiting in line. You can get the fast emergency cash that you need right away with no questions asked when you get a guaranteed cash advance online.

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Posted in Financial Services Post Date 07/25/2021


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