Emily Clarke

4 Things You Can Pay for With a Cash Advance

A cash advance is a unique type of short-term loan. If you're running low on cash, you can get one from a credit card issuer or a dedicated cash advance provider. They're considered a far better option than payday loans and traditional personal loans from a bank; cash advances offer a quick and headache-free way to get money whenever you're in a pinch.

But what can you use your quick cash advance for?

Bills

One of the most common reasons people explore cash advances is to pay regular bills. They're a great option when utility, phone or credit card bills are due. With a cash advance, you can borrow what you need without falling into a deeper debt cycle.

Because advances have faster and more manageable repayment terms, they can help you avoid high late fees and dings to your credit report.

Groceries

We've all been there. When you're living paycheck to paycheck, it doesn't take much to throw off your balance. Groceries are often the lowest budget item on the totem pole, but you need to eat!

A cash advance can cover your weekly grocery spree, helping you keep your fridge and pantry stocked despite being low on cash.

Emergency Expenses

Emergencies can happen at any time. While you might have some money in savings, it may not be enough to cover all the expenses that come with surprises. For example, a car accident can make you miss work and lower your paycheck. Even minor fender-benders can cost an arm and a leg to fix.

Don't let those emergencies put you in a financial pickle. You can take care of those expenses with a quick cash advance and get back on track.

Overdraft Protection

Here's a unique way to use a cash advance. Sometimes, you accidentally overspend and stretch your budget too thin. When that happens, you may overdraw your account and risk getting a hefty fee.

A cash advance is a great way to pad your account to avoid penalties. You can borrow what you need to get out of the negative!

Author Resource:-

Emily Clarke writes about cash advances, overdraft protection & finance apps. You can find her thoughts at overdraft protection blog.