0
Many banks allow for cash advances on lines of credit, though I would caution against using the cash advance option. Cash advances are normally accompanied by high fees and extremely high interest rates, making them not a wise financial decision.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are the benefits of a cash advance?
The benefits of a cash advance are that it will allow an individual to have money on hand when they do not have any to draw from at a bank. These advances usually have a high interest charge.
What credit card features would be best for customers who might need to use their credit card to borrow money?
Ideally, there would be no fees for cash advances and the same interest rate for all charges, both purchases and cash advances. (Some cards offer both of these features.)
Where can one find a cash advance in one hour?
Cash advances can be found in one hour from some banks and also from payday loan companies. Most payday loan places can give you up to $1,000 cash advance.
How many cash advances are advisable if Im in debt?
If you are in debt, you should only be using cash advances for a true emergency. Cash advances usually come with near outrageous fees which will put you further in debt.
Can a business with a merchant account issue cash advances or is it just the banks?
You need a special merchant account to do cash advances...there is a little bit more underwriting, to make sure you're not laundering money. However instead of being charged fees you actually receive some from their bank and if you want you can charge a fee on top of that.
How can I get an emergency cash advance on a loan from Bank of America?
I would suggest going directly to the bank and inquiring. Banks don't generally participate with cash advances. If you have perfect credit go for a signature loan.
What are the benefits of a cash advance?
The benefits of a cash advance are that it will allow an individual to have money on hand when they do not have any to draw from at a bank. These advances usually have a high interest charge.
What credit card features would be best for customers who might need to use their credit card to borrow money?
Ideally, there would be no fees for cash advances and the same interest rate for all charges, both purchases and cash advances. (Some cards offer both of these features.)
Where can one find a cash advance in one hour?
Cash advances can be found in one hour from some banks and also from payday loan companies. Most payday loan places can give you up to $1,000 cash advance.
How many cash advances are advisable if Im in debt?
If you are in debt, you should only be using cash advances for a true emergency. Cash advances usually come with near outrageous fees which will put you further in debt.
How do payday cash advances work?
You give the lender a check for the amount of money you want to borrow – plus a fee. The lender keeps your check and gives you cash – less the fee they charge. On your next payday, you have to pay the lender in cash. For more information visit the simplycash.ca
Can a business with a merchant account issue cash advances or is it just the banks?
You need a special merchant account to do cash advances...there is a little bit more underwriting, to make sure you're not laundering money. However instead of being charged fees you actually receive some from their bank and if you want you can charge a fee on top of that.
How can you find a cash advance location in the bay area?
Without having a specific area in the question, it would be difficult to name any places that would give cash advances. Most pawn shops will give a cash advance if one has some sort of collateral. Most every city will have payday loan offices that also give cash advances.
What services are offered at Cash America cash advance?
Cash America cash advance offers a variety of services. They include cash advances, short-term loans, payday advances, etc. Upon approval, one can get cash almost immediately.
What are some companies that offer faxless cash advances?
One can find companies that offer faxless cash advances in online websites. For example, cassadeepope dot com shows great lists of companies that give faxless cash advances.
How do you apply cash advance in journal entry?
debit advances accountcredit cash
Which lenders offer business cash advances in SC?
There are several lenders offering business cash advances in SC. One of these companies is Advance America.
