What is a cash advance?

A cash advance is a payday loan. A cash advance is a small, short term, personal cash loan. A cash advance is actually a two week loan. Since a cash advance is a personal loan you can use it for anything you want. The best time to take out a cash advance is when you have an expense that just can’t wait until payday but you know you’ll have the money on your next payday. The reason for this is that you will have to pay back the cash advance in two weeks no matter what, so if you are not getting paid in the next couple weeks you will have no way to pay back the cash advance. However, if you really cannot pay back the cash advance in two weeks, you have the option to extend your cash advance by two weeks at a time. If you want to extend your cash advance for another two weeks you must submit a payment request stating what your intentions are by the specified deadline. You will have to submit a payment request to pay only the finance fees for the past two weeks and your loan will be extended another two weeks. By paying only the finance fees to extend the cash advance, you are not paying off any of the actual cash advance. If you pay only the finance fees on the cash advance period after period you will never pay off any of your cash advance, so it is suggested that you pay more than the minimum so you reduce your balance while simultaneously paying the extension fees.

 



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