I was not going to pay that much so I took a bus which turned out to be a nightmare but that is another story. However, I do learn, so the next time this happened I took an online cash advance loan for the purchase price of the ticket: $315 and I bought it. At the time of repaying I had to pay off almost $350 which is rather expensive for such short time. However, out of curiosity, I called when I received my paycheck again to inquire about the actual price of the ticket and surprisingly (or not so much) the price was: $560, which means that the cash advance loan saved me $210.
Cash Advance Loans
Cash advance loans are actually very simple. When you request one of these loans, after the approval process, the money is deposited into your bank account. And when you get your pay check, you repay the loan plus a fee. However, some loans let you pay in two or more installments so you don’t need to pay it off all at the same time.
The approval process is simple too and the requirements are not too harsh. There are no credit checks or paperwork whatsoever. You just need to show proof of a steady income and have a bank account where the money is deposited. Anyone regardless of credit score or history can get approved for a cash advance loan.
However, the most important characteristic of this kind of loans is that the approval process takes less than 24 Hs. This fact turns online cash advance loan into an excellent financial tool for solving emergency situations like the one explained above. Without too much hassles, you can have the money you need deposited into your bank account overnight.
Thus, under any emergency situation or under any situation when you need cash fast and don’t have time to wait, you can request a cash advance loan knowing that you will count with the money by the next day. It’s not a financial tool to be used to finance everyday purchases but it definitely helps when exceptional expenses need to be made and you don’t have the money.
Remember, for buying tickets in advance or any other state of affairs online cash advance loan can provide you with the funds you need in a very short period of time.