Budget and Save Cash with Bad CreditIt really doesn't matter if you have bad credit when you apply for a cash advance because most companies that provide cash advances don't run a credit check or even consider the past credit history of the borrower. Cash advances were developed to assist those who may find themselves in a temporary fix and just need a little help until their next payday. Borrowers should, however, remember that this type of solution should be reserved for when there are no other options. The fact is, if we need to obtain a cash advance more than once a year it may be time to take a close look at our income and expenses and see if we need to re-evaluate and revise our budget.
We can avoid having to take out a cash advance if we plan ahead and use our resources wisely. One way to save money for an emergency is by participating in a 401(k) plan at work. This way, regular amounts are taken out of our paychecks each payday and we never see that money and therefore, are not tempted to spend it. Most employers that offer a 401(k) plan also contribute funds to the plan so that with our contribution and the contribution from our employer adding up each payday, we can manage to save quite a tidy sum. This is just one way in which we can avoid falling into a bad credit situation down the road. When we do need to take out a cash advance, though, there are several ways to apply for one; either through local establishments or online.
The companies that make cash advances will ask you for your social security number and other information, including your address, your full name, and they will want a personal check from you too. The cash advance company will hold your personal check for a pre-determined amount of time and your cash advance will be deposited in your bank account. When the cash advance is due to be paid back, the company will then deposit your personal check as repayment.