By Shawn Lee Martin A cash advance and payday loans are my topics I want to go over today with all of my valued readers!
How the two go together and how they are different from each other, and why you should never combine the two are points I really want to stress to anyone who may be considering taking out either type of loan.
I want to show how the two are sold as one loan and how they are different from each other, and why you should never combine the two!
The big push today by the payday loan companies is to sell the general public on the fact that they are the place to go to when looking for a cash advance loan and this is simply a misconception.
They are actually the last place I would want to go for many reasons I will go over in this article.
Read on and let’s take a look at both types of loans and see what the differences are!
It is that time of year again where people are racing to file their income taxes in anticipation of a nice cash refund!
The cool thing about tax refunds in today’s world of filing online you can get your refund in as little as a week, but yet people are racing right out and taking out a payday loan tax refund advance.
The risks are crazy for being able to get your money a week early, and many people end up paying these loan companies back up to 20 times the money they borrowed.
It is so easy to get caught up in this money trap and almost impossible to get yourself back out of it.
All of a sudden you start seeing these ads online, on TV and on the radio telling you that if you have the paperwork on your return you can get instant cash! Up to $1500.00 the same day deposited into your checking account!
Run Forrest Run!
Let’s take a look at just what happens the minute you do take out one of these advances.