Do you have a savings account that offers a preferential interest rate when you refrain from making withdrawals? If you do then your spare money is effectively tied up and a financial emergency could cost you a good few hundred dollars in lost interest payments and your preferential rate. A better way to pay for unexpected emergencies is with the help of a cash advance loan and there are plenty of online payday loan companies that can provide you with short term relief without breaking into your savings.
By paying for emergencies or other situations with a payday loan instant cash advance you will incur lending charges. These are normally between 10% and 20% of the amount you borrow however for small cash advances they will almost definitely be less than the amount of interest you’d loose on your savings by making an unscheduled withdrawal. So for example, say you need to find $100. By using a cash advance loan you’d incur a charge of anywhere between $15 and $30 in the process. By withdrawing the money from your savings account though you could potentially lose hundreds of dollars worth of interest, especially if you have a large amount of money in the account.
Online payday loan is the fastest way to get cash with no fax and no credit check required.
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