For busy moms, finding the solution to a temporary financial bind can be exhausting. If you go to the bank to apply for a personal loan, who will watch your children while you slog through the application process? How much will you have to pay the babysitter? Not to mention, how much will you pay in fees and interest? Moms in need of cash will find it much easier and cheaper to take advantage of cash advance loans due to quick and easy processing, a simple fee structure, and a quick payoff time frame.
Fast and Easy Process
Many cash advance companies accept applications online, meaning a harried mother can fill it out at her leisure during nap time or while the kids are engrossed in their favorite movie. Should you have questions or need assistance, a quick phone call is usually all that is needed to get your application completed. When compared to the process of applying at a bank or borrowing money from a credit card, which may involve packing up the kids, driving and possibly finding a sitter, a cash advance is the easiest option for a mom’s busy schedule.
Simple Fee Structure
Reading the fine print of a personal loan application or credit card advance agreement with a tired three-year-old in the room is next to impossible. Luckily, a cash advance loan is a straightforward solution. The interest and fees are calculated based on the agreed-upon payoff date, with the total amount due disclosed before the loan is taken. Because there are no surprises, moms won’t have to dip into money set aside for the holidays or camp to pay off the loan. A simple and transparent fee structure means you won’t be blindsided by mounting interest or an overdue fee. Your cash advance loan will usually be paid directly out of your checking account on the payoff date, eliminating the possibility of late fees and additional interest.
Quick Payoff
With a credit card advance or personal loan, a busy mom will have one more payment to make every month. However, with a cash advance, the entire loan is paid from the next paycheck. This means that there is no lingering cost to shoulder. Parents who want to continue putting money into college funds each month will do well to consider a short-term cash advance loan rather than take on an additional long-term loan that will bleed funds from the family budget for months to come.
When a mom needs money, finding the time necessary to apply can be a challenge. Fortunately, a cash advance loan offers up simple terms and fee structures to make the process easier than taking out a personal loan from a bank or using a cash advance from a credit card. Finally, the quick payoff of a cash advance means that the family finances won’t be derailed in the future. A cash advance loan is often the best solution to a temporary financial setback, and the process is perfect for any mom on the go.