Tuesday, December 18, 2007

Payday Advance

A lot of people need money quickly at this time of the year. It can be very tempted to get overdrawn at the bank, overspend on a credit card or even to get a payday advance. A payday advance is when you borrow a relatively small amount of money over a short period - just until your next pay day. Now these do have higher interest rates than other credit methods. However, because the term is very short then the total amount of interest that you pay back could potentially be smaller than using a credit card and paying it back over several years. It is obviously important to calculate which would be a better option for you before you borrow any money at all.

Check into Cash are a company that can offer Pay Day Loans. All you have to do is to write them a cheque and provide them with some proof of identity such as a photo ID, bank statement and proof of income - just take it into one of their branches and the will give you the cash. They will provide you with the cash and hold the cheque until it is time to cash it in. It all sounds very simple and a fast way of getting hold of money.

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