According to a cash advance resource, cash advance loans are on the rise in the UK. The credit crunch and lack of alternative loans seem to play a role in that.
Payday loans, also known as payday advance, are sometimes referred to as cash advance loans or simply cash advance. Consumers can typically get a cash advance from their banks or credit cards, but doing so can affect and/or lower their credit score.
The way it works is when you get a cash advance from a credit card or your bank, they will report that loan to three credit bureaus (Experian, Equifax, and TransUnion). This costs points in your credit score and you can be flagged as a risky borrower making it harder to receive long term loans such as car loans, home loans, etc.
A less riskier way to take a cash advance loan is to take it from an online direct lender like us. We can provide you with a faxless cash advance loan with no credit check.
You can take this loan to handle your financial emergency and short term needs for fast cash without worrying about your credit.