Maybe you have heard so many myths that surround the advance you can get from your salary though a bank or any other kind of lender. But, you have to sit back and ask yourself the truth behind the claims that you may have heard. You need to try and get the truth because it will help you make decisions.
Regardless of whether you are employed or not, there are certain times when you would just realize that you are facing a serious jeopardy and still you have to accomplish some missions. You need to know the real truth before you make any conclusions.
Facts on the cash advances
o The ranges of the amount you can be advanced is between 100 and 1000 dollars.
o The advance attracts an interest of between 10 and 30 dollars for every 100 dollars advanced.
o There are no any other hidden charges that you would get apart from the advanced amount and the interest it has earned.
o You must prove your identity before you are advanced any cash. The different forms of identification would apply to respective lenders.
o Advances are offered from check cashiers, pawn shops, internet and even toll free phone numbers.
o If you are not careful, advances can be debt traps for you. You would be in debt when you pick one and you will pay and want another.
o You must only take the advance when there is an extreme need for it. Something pressing that cannot wait until end of the month for you actual pay.