It is also a fact of life that not everyone has the immediate funds to hand to take care of these sort of emergencies. If you find yourself in this situation remember to stay smart, if you need to borrow some short term funds don’t borrow more than you need to and never forget that what you are borrowing you will need to pay back. So keep it within your reach, this is an emergency situation that you found yourself in and those types of emergency are normally outside of your control so don’t make things worse by over extending yourself.
There seems to be a stigma associated with cash advances but sometimes they are unavoidable and can provide a reasonable solution to brief or temporary cash flow problems. Fortunately you can research the internet to find the best deal for you, it is a great resource for finding short term emergency loans that can hold you over until the next pay day. Just make sure that is all it is, far too many people get themselves into financial problems because they use short term cash advance loans in the wrong way.
Always remember that the level of interest you pay on these types of loan is astronomic compared to many other forms of personal loan and they really should only be used as a last resort. In fact the government provide help and advice on different ways of borrowing and it is definitely worth exploring that advice before committing to a short term cash advance. You can find the US Government advice on the subject here http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt060.shtm
Typical loan amounts of this type would range from $0 to $1500 but more typically the maximum is $500 and would need to be repaid within 2 weeks. Remember this is an emergency personal loan to fulfill an immediate and urgent requirement, for the lender it is a high risk unsecured loan so the charges will be in proportion to the level of risk and the amount of cash offered will be limited. In other words they won’t lend you much and they will charge a lot for the privilege.
If you need a longer term loan or more money you should be looking at alternative ways of borrowing. A secured loan is probably one of the cheapest ways to borrow but of course you have to have the collateral available in order to do that, securing the loan is likely to take a little longer and as always if you fail to meet your repayments then you are liable to lose that collateral against the loan.
Borrowing on line does offer some benefits, privacy and security for example. You can also get an answer pretty much instantly, there are online forms to fill in and sometimes you may need to provide proof of earnings or financial status, not always but that shouldn’t be unexpected. If you really have exhausted all the other options and you think you have the discipline not to be tempted into using these loans as other than a one off solution to an immediate emergency, then it might just be worth exploring the option. Anything more than that…..stay well away from it.