For most people, a cash advance (also known as a payday advance) is something associated with a credit card or other line of credit. Many credit card companies make it easy for customers to receive cash advances nearby by using their credit card at a local ATM.
The problem with such tactics is that the costs of the advance can add up quickly and you might not even realize what all those costs are. You’ll likely pay an ATM fee charged by the bank that runs the machine, and you might also pay a fee to the credit card company for taking the advance, along with finance charges and interest if you don’t pay the money back before your next billing cycle.
Some credit card companies charge interest on cash advances that is higher than the interest charged on regular balances, which can make for surprising increases in your total balance.
If you want to experience the benefits of a cash advance without the necessity to ferret out hidden expenses, WI you might want to consider seeking a cash advance loan online.
How can an online company provide a cash advance?
You might wonder how an online company such as LendUp can provide a cash advance. Unfortunately, we can’t spit cash through the computer or overnight you bills. In fact, a «cash advance» you receive online doesn’t have to involve actual cash at all.
