If you have ever opted for an online loan, you might have also tried to find the best cash advance. Although there are many good lenders out there, chances of finding them increase as you shop for more online loan. With experience comes the understanding of all those qualities that separate a good lender from a bad one.
The scope of online shopping and banking has opened up newer possibilities for both consumers and companies. Whereas previously the online experience was only limited to transferring money from one bank account to another, the facility now extends to borrowing money as well. These days it is possible to borrow money without even stepping out of the house!
Those people who find themselves in a financial emergency can resort to the quick, safe, and secure cash advance loans. It is possible to use the computer, laptop, tablet, smartphone, and virtually anything with an access to the Internet in order to apply.
It is always better to choose lenders who provide a no-fax service. This simple step can lead to a smoother process especially to those who do not have an access to the fax machine. There will never be the necessity to scan copies of bank statements in order to email them or run to a store with a public fax machine.
It is always highly recommended to call up potential lenders before sending in an application. Be sure to review their procedures, find out about their fees, and try to gather as much relevant information as you can. This not only gives you an idea about how professional they are but also about the way in which they treat their customers. Also try to find out if there is an application fee. Many lenders charge this to your bank account once they gather all the details.
However, the fee does not guarantee the loan and there is no reason why you should give it. You can avoid paying this by calling them up and finding out if they charge one. Try to approach the lenders who do not charge an application fee. Even if the lenders advertise about the free application, call them up to ensure that there are no other hidden fees involved.
Pre-qualification does not mean that you are tied to that particular company. You can always decline the offer after going through the terms and conditions. The best lenders will always give you the chance to return the loan within a certain time period without attaching any additional fees. Always list the question you want to cover in a phone call so that you do not miss out anything.
You would always want to carry on these transactions over a secure network. While the lenders can only ensure the security of their network, it is your responsibility to make things safe at your end. Always scan your computer for viruses at least once a week and make sure that all the sites where you send across your information are secure as well. Avoid public servers when entering sensitive information. The places include coffee shops, restaurants, and even airports.
Protecting your bank account from lenders is not enough. You must protect it from yourself as well. This means, you have to ensure that there is money in your account on the date when you are scheduled to transfer it to the lender. In case you do not have it, inform the lender’s office in advance. There is no point in calling them up on the morning of the scheduled transfer because these things are most like set the night before. Try to give them at least a notice of forty-eight hours.
However, keep in mind that if you miss the payment or decide to extend it to the next paycheck, you will have to pay more interest along with the fees. This is one of the reasons why it is so important to go through the terms and conditions very carefully. Just like any other business, the best cash advance lenders will always try to adhere to their company policies and guidelines.
A lot of people are unable to bring in enough money from their jobs. At the end of most of the months they find themselves asking one question, “How do I get a cash advance?” There are bills that need to be paid even when the next paycheck does not arrive in another month. Sadly, the underemployed does bring home money, but the amount is never enough.
When a person reaches this kind of critical financial situation, the next question that comes to the mind is how to get hold of some cash so that the immediate necessities can be met. Let us find a solution to this problem.
The answer lies in cash advance loans. However, the direct lenders will always need to check proof of the applicant’s employment. This is checked by referring to the direct deposits on a bank statement. Any responsible lender will check the applicant’s take home wages very carefully while processing the loan. In case the applicant is not likely to be able to pay off the loan from the next paycheck, the lender may or may not sanction the loan.
It may alsohappen that the lender grants only a part of the loan amount requested. Instead of getting frustrated at his business decision, try to understand his situation as well. The lender, after all, is running a business and would want to get back his money on time. The reason for rejection may include any or all of the following:
- The lender is trying to protect his business against a default loan.
- Your bank account may show records of overdrafts for other previous expenditures.
- You have taken other cash advance loans which remain unpaid.
- You use up your paycheck quickly in order to pay for other costs and the pay period bears signs of other financial struggles.
A responsible lender will not only try to protect his business but also analyze the consequences of this loan on your bank account. A fast cash advance draws a fee for every $100 borrowed. High interests are added to this if the loan is not repaid within the stipulated time period.
Some lenders also charge application fee and other hidden charges in case the borrower fails to return the money on time or does not meet any other terms that he had initially agreed to. It is hence very important for an applicant to go through the terms and conditions carefully to check for any type of third party money.
It is possible that when you are in a financial crisis, you may not want to consider the final costs because all you want is to meet the pressing needs of the time. However, anybody who takes into account the bigger picture and the complete transaction will be making a smarter decision.
Obtaining a cash advance is a relatively simple and fast process. However, your income may not qualify for the loan with some of the direct lenders. Instead of being upset or falling prey to the predatory ones who would lend you regardless of your income only to extort you in the future, consider other options. Call up other direct lenders to see if you qualify. If you do not get any positive response, consider a garage sale or borrowing from a friend. Try to cut back on expenses that you can avoid. If going without a cell phone helps in paying off a high priced loan, go ahead and do so. It might feel uncomfortable at first but may be a good financial decision.
In the long-term, you would do well if you do not have many short-term loans piling on your back. Always remember that a quick cash advance loan is helpful only if you can pay it off on time.
Paying off a payday advance means you either have to spend less or earn more. Before you consider the other options, take a good look at your wardrobe. You may be surprised to see the number of clothes that you have not worn for months or years! Consider selling these in order to bring in some much needed extra money.
As people are becoming more conscious about saving their money and the environment, selling used clothes is gaining in popularity.Stores that deal in used clothes are always looking for ‘fresh’ stocks and are willing to buy from whoever is willing to sell their used clothes.
Make sure that the clothes that you choose to sell are still in good condition. This means, they should not be stained or torn, unless that is part of the fashion, and should not smell bad. Also, try to follow the prevailing fashion trends because clothes that are too outdated have a less chance of selling themselves.
It is a good idea to do a little bit of research about the local stores. This is because individual stores may have their own set of preferences and requirements. For instance, a shop selling vintage clothes would be more interested in garments more than, say, twenty years old rather while a trendy store would want to have more fashionable outfits in their collection. Also, make sure to call the store before visiting in order to keep yourself updated with any of their requirements which may include taking the clothes in hangers.
Avoid taking your clothes to the store in garbage bags. This makes the buyer skeptical about their condition and creates the wrong impression even before looking at them. Instead carry them in hangers or fold them neatly in boxes and reusable shopping bags.
If a store refuses to buy your clothes or offers a price that is much lower than your expectation, there is no reason to take it personally. Please remember that the buyer is not being judgmental. In all probability he just feels that the store won’t be able to sell off those clothes and that is why he is reluctant to invest much or anything into those. However, if you have confidence in the quality of what you are selling, be prepared to walk away and try a different store than giving in to an unfairly low price.
Selling your clothes at a consignment shop is another option. They do not buy clothes from you, meaning, they do not give you money directly in exchange of the clothes. Rather, they give you a percentage when the clothes are sold. The best thing is, you always have the chance to reclaim the clothes if the garments are not sold, renegotiate the sell price and the percentage you want out of it. Although it may be easier to sell clothes at a consignment shop, there is no guarantee that they will always buy your clothes.
In case you are not able to find a shop that is interested in purchasing your clothes, give Craigslist or eBay a try. You may also consider selling these at a yard sale or to friends who love those particular kinds of clothes.
But what to do if none of the above works out? You still have another option of taking your clothes to a thrift stores. Although they would not give you any money in exchange because they only accept donated clothes, and may not help you with the payday advance, you still can get a receipt. This will help you in deducting the clothes from your taxes.