Best Case Cash Advance Scenarios

Cash Advance Scenario I

You get a flat tire and have no savings - Well this is easy. If you can't take public transportation to work then you will lose your job, and compared to that, the fee for a payday loan is going to be paltry in comparison. A simple tire repair will not take too much money - a $100 loan should suffice and leave you a little extra unless your vehicle has very specialized tires. Consider as an alternative, riding around on your spare if you think you can do so safely and it is not far to work or very much time until your next payday.

Cash Advance Scenario II

You are about to be hit with a massive late fee or overdraft charge - If you have mishandled an item in your bank and there is an pending NSF charge coming or one of your regular bills is behind and you will be hit with a late fee, you might want to compare the various cash advance lenders in your area to see what fees they charge for the amount you would need to prevent the late charge. Taking out $200, for example at $18.00 per $100 would be a $36.00 loan if you paid it back on time, but an NSF/overdraft fee from most banks is easily more than that so paying the $36.00 may be the wiser choice at this time.

Cash Advance Scenario III

Medical Need - There are any number of conditions that could drive you to urgent care or a doctor's office on short notice. Some things could worsen significantly in the time between the first symptoms and your next payday - such as a toothache. Rather than wait and/or suffer pain for weeks, an urban cash advance could help you to get immediate relief or medications you need without waiting for your next paycheck.