The fees charged for a cash advance are typically a percentage of amount loaned. Lenders are required to provide a truth in lending disclosure that shows full cost of loan.

You can apply and receive loans as often as you need to as long as your previous loan has been paid off.

The term of cash advance loan usually ranges from about one to two weeks, with time extensions available, but more fees are charged for each extension.

If you do not have funds available to repay cash advance loan on due date, you should contact lending company as soon as possible and make arrangements for an extension. However, this can be costly with additional fees and interest charges applied.

While fees can be high, they can be less than alternative expenses, such as, late charges for utility reconnection, rent penalties, or bounced checks.

If you decide to use a cash advance, just remember that it is only a short term loan, and any extensions can be very expensive.

Borrow only as much as you will be able to repay with your next paycheck and still have enough money to live on until following payday.

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Sometimes, if your income has dropped or you are in a situation where you have gotten yourself into too much debt. It is best to seek help managing your debt, or applying for a debt consolidation loan, which can lower your monthly payments and leave you extra money every month to start paying down your principal balance.

You can have financial breathing room if you can consolidate your bills into lower monthly payments. It is a smart thing to do if you are struggling to make your minimum payments.

There are many ways that debt can be consolidated. If you have a home with some equity, you can apply for an equity line of credit which can be used to consolidate your debt. Even if you have no equity in your home, you may be able to qualify for a home loan which will go over amount of equity you have in your home, sometimes up to 125% of your homes value.