Home » Miscellaneous » The Benefits and Drawbacks of A Cash Advance Loan

The Benefits and Drawbacks of A Cash Advance Loan

Saturday, October 19th 2013. | Miscellaneous

When you are in a financial fix and unable to cover your expenses or you need funds to repair your vehicle, Cash Advance finance will come in handy. One-hour advance loan finance allows you to borrow the money you need for an emergency. The repayment terms depend on the lending institution you choose and in most cases this can range from one to two weeks. Although these loans offer financial relief and have flexible repayment terms, they usually have astronomical interest rates. You may easily get into a vicious borrowing cycle and land into debt. What happens in the event you fail to repay the loan?

Advertisement