Posted Answers
A:Well it largely depends on your situation. A payday loan is typically for someone who needs money right now but may have bad credit so needs to secure the short term bad credit loan against their pay cheque. A Cash Advance is a little bit like a credit card so you can keep going back and borrow a little bit more. I wouldn't say either are better, both are very expensive and should only be used in the short term imo.
Answer by Debbie
Answer by Debbie
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Answer by RajiSet
I got a cash advance a while ago and I was told that a cash advance can be paid over several months rather than the current month/week like a payday loan. It's worth asking about this sort of thing up front I think.
Answer by RajiSet
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Answer by Debbie
Heh, I was wondering about this about 4 months ago as I was worried about getting the xmas pressies for the kids. Turns out they are near enough the same thing. I did find that most of these companies allow you roll over money month to month, but most of them charge ridiculous interest like Wonga...2000+% its just ridiculous. There are some for about a 10th of the apr but they can be hard to find so shop around :)
Answer by Debbie