Why get a short term cash advance instead of a credit card or personal loan?
Most people don’t trust themselves with a credit card. It’s just too easy to put off repaying a credit card and let the balance grow and grow.
For example, let’s say you borrow $5,000 on a credit card charging 1.46% interest per month. If you only make the minimum payment - usually the greater of 3% of the balance or $10, it will take you 215 months to pay off (that’s nearly 18 years) and you’ll repay a massive total of $9,411.
Personal loans are good for long term borrowing or larger amounts. But think about it - if you only need a few hundred dollars, is it worth borrowing the extra money needed for a minimum loan amount and paying it for the next 3 years? You’ll have forgotten what you needed the money for!
With our cash advances, you have to repay on a set date, so it disciplines you to stay on top of it, repay it and forget about it. Our solutions are strictly short term - up to 45 days. Other lenders want you to repay bigger amounts than you need over long periods. We want you to repay as quickly as possible and get on with your life.