Comments on: Cash advances are valuable in todays economy

By: Lucy Beeker

Lucy Beeker — Thu, 02 Jul 2009 00:43:51 +0000

What is the absolute best low-interest credit card currently? Actually, a personal loan might be even more favorable than a credit card because it is much more flexible with fewer insidious little charges. I’ve heard they were a little harder to get, however.

By: Devin

Devin — Thu, 02 Jul 2009 00:41:55 +0000

I’d like to find out a little more about this subject. I’m pretty strapped myself, and so a personal loan would help. This would be especially true if you didn’t need to put up collateral. I’m hoping I’ll qualify for one even though I already have quite a bit of debt.

By: Jack Varela

Jack Varela — Thu, 02 Jul 2009 00:39:44 +0000

I’d like to look into personal loans, but I’m a little concerned that the repayment would just domino into the next month and so on. Maybe this is a difference from simple pay day loans.
Perhaps the repayment schedule on a personal loan would be favorable to me.

By: Isabelle K.

Isabelle K. — Thu, 02 Jul 2009 00:35:22 +0000

Now, what would happen if my mortgage company went under like all those banks did? Did they hold notes on homes? Did the people’s loans just disappear? I’m just curious–you kind of scared me into wondering whether if another financial institution goes down if it can take me down with it.

By: Isabelle K.

Isabelle K. — Thu, 02 Jul 2009 00:32:39 +0000

What really gets me when you say that “it used to be that you could just get by with belt-tightening” is that some of the very services that should be free are so very much more expensive than they used to be–like the television. And how about internet service? Why can’t that be free?

By: Hayden

Hayden — Thu, 02 Jul 2009 00:30:50 +0000

People should realize that cash advances are no different than borrowing on your credit card. And that’s certainly not just the realm of the low-income! Only difference is, you’d probably be getting that cash advance to pay the bills from the credit card…or more importantly, the utilities, car and home.

By: Greg D.

Greg D. — Thu, 02 Jul 2009 00:27:00 +0000

What is the difference between a payday loan and a personal loan? Is a payday loan sort of like the loan H&R Block and others give you just until your tax return comes in? Do they attach the return to ensure repayment, and if they do, do payday loans work the same way?