Friday, August 13, 2010

Instant Cash Loans - Quick Money For Emergencies

By Areelitaha Joahlanski

The unexpected will occur to all of us at some point or another and instant cash loans can often be the way we quickly overcome them. Some people choose to get quick cash from the people they know since friends and family are usually willing to help in times of need. Other people opt for cash advances in between paychecks to get them through their situation. Information pertaining to both can be found below and might be just what you need to help make a decision as to which route you will take the next time an emergency happens in your life.

Simply asking friends and family for the money is sometimes the easier and less embarrassing way to get the cash you need but it doesn't always leave the relationship in the best shape either. Problems paying the money back as the person would like can often result in a relationship that goes completely sour and can't be repaired. The lack of an interest rate is great, but is it worth losing your best friend over?

Cash advance loans are your other option and can be perfect for last minute situations even if you suffer from poor credit. As long as you are at least 18 years old, have a job and a checking account you can be approved in as little as an hour or two.

On the other side of things, the interest rates on these short term loans can be outrageous as compared to other forms of borrowing. This is mainly because they are only good for a few weeks and credit rating has no weight on approval. Of all the borrowing options, this is the most expensive.

The ups and downs of both these options vary depending on your individual situation as you can see. You need to insure that the money you are about to borrow is truly for something that just can't wait since there is a high price to pay with either one.

If you only borrow because you have to and know you will be able to pay the money back on time either situation can be a good choice for you. Just don't get into the habit of doing it this way every time any small situation arises.

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