http://www.paydayloanbenefits.com/n52.html Cash advance loans will benefit your finances - but only so far. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 When cash advance loans first came on the market, the entire world breathed a huge sigh of relief. Finally, we have a single, available resource for financial aid between paychecks! We really are limited in our times of greatest financial strife, and cash advance payday loans will always be there to help and nurture us back to financial independence. Our benevolent mother - cash advance loans There are very few times in your employed life when cash advance loans will not help you in a financial pinch: when you've been employed in a new job for only a short while ( you lack job stability) when your financial history is clear and you don't have any outstanding financial obligation to any cash advance. Avoid these and you will have instant access to cash advance loans whenever you need them, because the Internet never sleeps. Online applications are always available, and always ready to take your request. Always always always, more more more - why are there so many different cash advance loan opportunities after all? Mother gives, mother spanks While cash advance loans are one of the more opportune and available forms of financial aid, they are also some of the most expensive, most dangerous for the everyday consumer: initial fees on most cash advances will range from $15 to $30 per $100 you take out. Need $300? Expect to repay about $360 in total. and thats if your meet your repayment on time and in full - at the date of your next payday. Miss that repayment, or consciously decide to roll over you financial obligation for another two weeks, and you'll be charged an additional, equal fee to the first, doubling the cost of your loan. This cycle of roll-over fees will continue for as long as you fail to repay your cash advance loans - an additional $60 every two weeks. For that $300, if you took two months to repay the loan and its fees in full, you'd have paid $60 times four pay cycles, or $240 in fees. For those two months you've effectively been charged 80% of your initial loan balance, or an APR of about 480%. Thats a very unfair price to pay, and the benevolent spirit of cash advance loans was very quick to disappear. Sat, 26 Jul 2008 15:00:00 EDT