Payday Advance

Knowing how a payday advance works will help you in their ultimate use. And you'd better believe your payday advance is designed to be tricky indeed.

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Payday Advance Nuts And Bolts

At Payday or Bust we know its a long road between now and your next payday, and we understand that waiting for a paycheck can be a stressful, tiring, even financially unwise decision you simply cannot afford to take. Your solution may be best met with a payday advance, and only when you know how it works will you truly be free to ride that payday loan express.

Your payday advance works two ways, for you then against you

A payday advance is designed to be fast enough to handle your immediate financial needs, and in that respect payday loans rule. they are fast, made more so by the Internet and lending strategies that include no credit checks and the elimination of fax requirements. So how does a payday advance actually work:

The remained of your payday advance is entirely up to you. Use use the money however you want it, and lenders give you a multitude of repayment options. Our advice to you however is to pay off your payday advance as fast as you possibly can! Yes, pay your cash advance payday loan as soon as you can or suffer even higher charges for your loan.

Why a quick repayment always comes before bust

Repay your payday advance on your first payday and you will pay only the original fee of the advance - usually somewhere between $15 and $30 per $100 borrowed. If you fail to repay your payday advance on time you will be charged a roll-over fee, which is basically a loan extension for another pay cycle or about two weeks. This roll over fee will be equal to your initial loan cost, so one late payment will double the cost of your payday advance. That may sound fair, but consider how much you are paying:

Whoooo doggie, thats some expensive payday advances!

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