The cash advance industry has been under quite a bit of scrutiny and the source of quite a bit of negative publicity the past year. It's very easy for people to assume that given some of the problems the solution is to eliminate the cash advance. The reality is that high interest temporary loans have been around for many years as well as pawnbrokers where people who had no other option when they needed emergency cash would go before the formal creation of the pay day loans system. In previous years, bounced check fees were more reasonable and many people opted to become over-drawn where now allowing that to happen can quickly put you in more debt than getting a pay day advance.
The problem comes in when some who make use of cash advances borrow more money than is financially smart. Then when they are required to pay back the loan they have placed themselves in a scenario where they have no money left for living expenses which creates a cycle of cash advance loans. It's not the cash advance companies that create the problem, it's the same as if someone has a credit card and they max it out, it's not the credit card companies fault that happened, it's the actual consumer that has to take some responsibility when it comes to not using pay day loans for what they were intended for, a source of emergency cash when necessary.
CashAdvance1500.com is a resource for consumers looking for companies who offer cash advances for emergency reasons, so that you can compare what is offered, what is required and how to have the funds deposited into your checking account.
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