I'm in a bad situation. I need to get some cash quick. Are payday advanced a good idea?

Question

I mean if I cant get even then I'll be fine, but I fell behind after my BF left and I need help.

Answer 1

A payday advance is only a good idea if you know you can pay it back on your NEXT PAYDAY. If you can't you might run into some problems.

I've got one from here- http://www.spotya.com

they claim they have the lowest rates online. I haven't been able to find anyone cheaper and the service was great. the only problem you might have is you have to fax or email your bank statement. But there are other companies where you don't have to do that. If you go to http://www.paydayloancomparison.org you'll find some other good companies too. this is the site that referred me to Spotya.

Answer 2

Payday advances are only a LAST RESORT.  Borrow money from family and friends before doing this.  Even if you can ask your employer for an advance to be paid over a few weeks.  

The interest rates on Payday loans are killers

Do not do it unless really your only last resort

Answer 3

With Cash Advance they charge you a fee and also remember when your next check comes you have to pay this advance back...so unless you are getting more money then normal next payday, you are always behind. It is best if you can borrow from someone that will not charge you a few and will let you pay them back a little at a time. Good luck!

Answer 4

Avoid only as a very last resort. You can end up in an endless cycle of borrowing, and at the interest rates they charge, you can easily get into a situation that you can't get out of.

You would be better off dealing with the person (landlord or other peron/company you owe money to). In these economic times, most creditors will work with you if you've had a decent track record.