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What is a Cash Advance. This is a temporary financial service that is secured against your future paycheck. Having grown in popularity since the early 1990s as a means to combat NSF fees and late payment penalties, many individuals prefer this fiscal tool to supplement a temporary loss of income or cover an unforeseen expense over other methods, such using high interest rate secured products or pawn shops.
The Process Explained. The funds you request are direct-deposited into your account during the evening ACH sweep for the day you are approved. In most cases, lenders will not require you to fax any paperwork. 128-bit SSL encryption technology means that your confidential information is safe, secure, and private.
Why Settle for Less than the Best.
Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments.
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