http://www.cashloaninfo.com/cash-loan/instant-cash-loan.html Instant cash loan - If you need your cash this instant, then you have no choice but to get one -- but which one? Finding the right instant cash loan for you can take a little research, but is not impossible. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Alright so you need your cash in your checking account tomorrow, ready to be spent. What kind of instant cash loan is safe for you to take out, now? Well due to the short term, emergency situation you've found yourself in, you really only have two choices. You can get one of two popular instant cash loans. payday cash loan - a loan which advances you your paycheck up to 18 days early for a fixed fee cash advance from your credit card company - a check which you can write out that appears on your next credit card statement. Charges an interest rate. Pros and cons of a payday cash loan Alright, so how do these newfangled payday loans work? Well you start by filling out an application and they tell you how much you were approved for (generally up to $500). After being approved your money is directly deposited into your checking account and you should have access to your cash tomorrow. When your next payday comes around, the company automatically takes back the money they lent you, plus a fee for their services (generally $20 per $100 borrowed). This is the premise behind the advanced paycheck instant cash loan. Pros: FAST. Cash as soon as tomorrow. About as fast of a fast cash loan as you could ask for. Easy to qualify -- no credit checks Cons: EXPENSIVE. $100 for $500. That's around 20%. Every week you're late -- $100 Can cause debt due to their short term nature. You only have 18 days to accumulate the $500 when you'll probably need your next paycheck to pay basic living expenses. Not the safest instant cash loan. Pros and cons of a cash advance The second option you have for an instant cash loan is a cash advance check from your credit card. You know, in all that junk mail your credit card company keeps sending you, they're probably including a sheet of checks. You can write out one of these checks to yourself, cash, or anyone you owe money for and have the money instantly. When your next credit card statement you'll see your cash advance show up and expect to see finance charges as high as 30%. Pros: Literally instant. The only true instant cash loans. No approval process. If you have a credit card, you're approved. Cons: You need to have a credit card to get these. Expensive. This cash loan can run you up to 30% in interest every month. Of course this is an extreme value and you should check the fine print from your credit card company. No matter which instant cash loan you choose, be sure to pay back your loan on time! There's no way you can run into debt if you pay your debt off on time. Good luck borrowing. Pay it back on time and avoid falling into the trap of borrowing form the emergency cash loan industry repeatedly. If you do, you could then end up with a serious debt problem. Get your cash advance loan and move on to bigger and better things. Avoid falling into the habit of repeatedly borrowing from the cash payday loan lenders. With a lack of any organized regulation, many an enterprising entrepreneur will take advantage of the situation. Without a ceiling or fee limits, your bad credit cash loan could end up costing a lot more than you are originally led to believe. Prepare in advance for your instant cash loan So, prepare in advance to ensure you're not another casualty of the predatory lenders. You know, there are some good mixed in with the bad in the online cash loan industry. It's not all bad, through and through. Remember, we are living in a capitalist society, as if you can ever forget (insert ad here). There are some who got into the industry to take advantage of providing a service in which there is a huge market. So, it only makes sense. Your job is to find the more ethical of quick cash loan providers. Look to consumer watchdog sites for your answers. Check out places like the site of the Better Business Bureau and other similarly-themed to do a little investigative research on your lender. Sat, 26 Jul 2008 15:00:00 EDT