Facts About Payday Advances

A payday advance is a financial management tool that can provide a sensible alternative to bounced check fees, late payment charges and tarnished credit ratings.

Consumers may choose a payday advance to cover unexpected expenses or to bridge a cash crunch between paydays, without incurring revolving debt.

However, you should evaluate the costs and benefits of all alternatives before borrowing. Other forms of credit that may be less expensive include a loan from another institution or from family or friends, a credit card cash advance, an account with overdraft protection, or a salary advance.

For answers to some frequently asked questions, click here.