Easy Cash Advance Options

by GuestPoster on June 24, 2010

If you need cash now and have bad credit, then your options are severly limited. However, this does not mean that you don’t have any options – it just means that you need to be careful with which option you choose. In this post we will discuss a few of the options you have for getting a quick loan with bad credit.

Option # 1 – Cash Advance Loan

These loans, which are often referred to as payday loans, are short-term loans meant for people who do not want their credit check. You can get an easy cash advance online, or you can get one from a brick and mortar company down the street. Each has its own advantages and disadvantages. Online lenders are very fast and easy – you can have the money simply wired directly to your bank account. However, you don’t get cash in hand, and you have to give them authorization to directly debit your checking account. With brick and mortar lenders you can get your cash today, and instead of signing an authorization form for them to do an ACH debit from your account (where they go in directly and take funds), you can instead give them a post-dated check. I would consider a post-dated check much less risky for you in case you do have problems.

Option #2 – Title Loans

Title loans, while not considered advance easy cash loans, are very similar in structure. They are also high-cost, short-term funding options that people turn to in emergency situations. However, I would recommend to stay away from such loans for one big reason – you have to give them your car if you default on the loan. This can make your financial situation much, much worse. As such, even though title loans are cheaper than your more common cash advances, this added risk generally doesn’t make it worth it in my mind.

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