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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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