Finer Prints of Cash Advance | Ramblings of an e-trader

Wednesday, 26 September 2007

Finer Prints of Cash Advance

I think I am not the only person with lots of friends who are in debt. I don't know why there are so many people like that, I think it all boils down to lifestyle and the way we now spend our money by charging our credit card.

There are so many people who keep asking me for a loan or if I know of anywhere to take out a loan. I don't know much about taking loans but I heard of people taking out cash advance to tie them through for a short while until they receive their next pay cheque.

Although this is the case, I tell them that it's fast and secure money but they have to read the finer print to make sure that they can cope with the interest rate and terms or repayment.

The problem with people, though, is that they never read properly and then get a shock when their debt pile up, just like the way they abuse their credit cards.

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