Cash Advances From Third Party Companies
If you get Cash Advances from a third party company, be prepared to pay a much higher fee. These cash advances, also more popularly known as payday loans, charge a set fee rather than using the annual percentage rate calculation. This means that you can end up paying 20 dollars or more on just the fee alone for borrowing a few hundred dollars for 2 weeks. Absurd, right? If you really need the cash, it is much better to use your credit card for the cash advance instead. The processing time is faster, and you can extend the payment to last several months.
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