Friday, September 19, 2008

Emergency Cash Advance Loans – Avoid Late Payments on Bills

When there some unexpected bill crops up or you want to avoid any late payments, a timely monetary help is all you need at that moment. Emergency cash advance loans are especial loans for such circumstances. At the same time, these loans should be availed in a careful and wise manner to avoid falling into debt-trap.

These loans can offer you $100 to $1500, for a very short period of two weeks. The amount can be borrowed against a post-dated cheque of the borrowed amount plus fee, which you can write to the lender. This means that you can return the loan from next salary cheque. The loan amount is electronically deposited in the borrower’s bank account, usually within next business day.

You must be a US citizen to qualify for the loan. Not only that, you must be drawing a monthly salary of at least $1000, and you should also be having a checking or saving bank account in your name.

Emergency cash advance loans are very expensive for salaried people. They have to fork out financial charges, which typically are up to $30 per $100 borrowed. If you rollover the loan for a week or so, the charges only go up and make the repayment a huge burden once the loan stretches up to a month.

However, bad credit people can borrow the money without any hurdles, as the approval comes without any credit-checks done on such borrowers.

It would be a wise step to first compare as many lenders as you can on internet. You can find some of the lenders offering emergency cash advance loans at comparatively lower fees. Repay the loan on the due date and avoid stretching it for escaping the debts.

Source: http://www.articlesbase.com/

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