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Generally, a cash loan till payday is used for unexpected expenses, like sudden vehicle breakdown or some medical crisis. But you can also avail an advance cash loan if you have some pending utility bills to take care of or a credit card balance to pay off.
A $100 cash loan till payday, for a 2-week term, generally costs an average interest of $10-$30. While a $100 credit card balance can draw a late payment fine of $26 in the same period, and also pull down your credit rating! Similarly, an outstanding utility bill of $100 can eventually cost you $50 for reconnection, not to mention the hassle faced in the event of a discontinuation of service!
With these figures in front of us, it is obvious that a cash loan till payday can actually save us from a lot of unnecessary expenditure and stress! |