So You Think You Want A Paycheck Advance...
Paycheck advance...that means free money before payday! Oh yesss!
While getting a paycheck advance loan may seem like a great idea, in reality that paycheck advance offers a very volatile situation to put yourself in. The odds of it going awry are very high. You think that you can get money from a paycheck advance provider easily and consequence-free, but there is a lot more to it than that. You must make absolutely sure that you can pay the whole amount of the loan back plus the absurdly high interest rates. Otherwise, you will begin your long road of debt, and it won't be pretty.
Too slow to rock and roll
When you can't pay back your loan the first time, you will immediately be in a very precarious situation. Stiff penalty charges and even higher interest rates will accompany any paycheck advance services you might ever need. You will have to take out even more money to cover your new expenses - and right there is the cycle. Right away it becomes difficult to get out of debt and right away you will experience the ever increasing debts attached to the payday advance. Paycheck cash advance providers know this, they know the dangers of a payday advance and they profit off of your indebtedness. All of the penalty fees, finance charges and interest goes straight into their pocket. That is why it is so easy to get a
- If you give paycheck advances to everyone quickly, odds are that not all of them are going to read the fine print (and probably many of them have a history of irresponsible spending), and many will be unable to pay back the
paycheck advance loan in full when the time comes.
- If you make your loan even faster - take the no fax paycheck advance for example - you will have less time to consider the repercussions of your advance, and you will meet head on with a debt that will destroy your financial health!
- If you move the whole operation to the lightning zone - this new online megaplex - then the speed of your online paycheck advance will surely burn a hole through whatever pockets you might have left.
Alternatives to a paycheck advance loan
We always encourage people to look into any option that may exist aside from the
Which is exactly the problem with some forms of these nasty loans. A faxless paycheck advance for example doesn't give you any time to consider your actions, just Kaboom! and you're sitting there with $500 in the bank. To fast. Much to fast.