Cash Advance, the Straightforward Solution
August 5th, 2010 | 
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If you are really in need for a certain amount of money but it is still few days away from pay day, then cash advance can be a solution for you. But what is cash advance? Cash advance is the service that you can get from almost any credit card or charge card issuer in the country. This service is basically a short term loan that enables the approved applicants to withdraw certain amount of money and the fund is received for a fee. The fee is normally called as the Annual Percentage rate and it ranges between 15% and 30%. The money withdrawal can be performed through an ATM machine, over the counter at a bank or through other financial agencies that are approved by the service issuer.
Cash advance service is said to be straightforward because it is very easy to get. One must only fill out some forms and give the necessary information and wait for such a short time to be approved. As soon as the application is approved, he or she is able to get the fund. Because it is a short term loan, the repayment period is also short in an average of 2 weeks but some issuers may give the period of 8 days to 31 days.
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