If you’ve ever been in a situation where you need money faster than what your work can pay you, there is a way to get money without having to get a second job. There are stores that allow you to borrow money until you get paid from your work. These stores are usually found in shopping centers everywhere and mention “Cash Advance Loan ” somewhere in their store name.
It’s pretty easy to borrow money from these stores since they don’t judge you based on your credit report – a list of the things that you might still have to finish paying off or things that you have already paid off. The stores still want to see your credit report along with proof that you have a job, so you might have to give them a copy of your last paycheck to show that you get paid. And also that you give them information on your bank account. Once you have filled out all the paperwork, you can ask for any amount that doesn’t go over what you get paid every paycheck. You can do this a few times if you again need the money before your work can pay you.
The way these stores are able to do this and still keep themselves in business is because they charge you an APR (Annual Percentage Rate), which basically means that they add on a certain percent to the amount you take, or an extra charge that will go to the store for giving you the money.
You can work it out with the store to pay off the amount you received by either paying only the APR and son after that start paying the principle (the amount you borrowed).
Either way, most stores explain to you what they expect you to pay before giving you the amount of money you request to make sure that you can pay off the amount. This comes in handy when you have a bill due and only need a certain amount for the moment. The faster you pay off your loan the more often you can borrow the money from the payday stores.