January 23, 2009, Newsletter Issue #42: Repaying a Check Advance in a Timely Manner

Tip of the Week

Repaying a check advance loan in a timely manner is very important. This is because these loans typically have high fees and interest rates associated with them. Therefore failure to repay the loan can not only have an adverse effect on the borrower’s credit history, but can also result in greater debt for the borrower. However, in most cases repaying the check advance is an automatic process.

Most payday loans are based on the borrower’s income and the loan agreement specifies the loan must be repaid the next time the borrower is paid by his employer. The borrower also typically authorizes the lender to withdraw the funds from his bank account as soon as they become available. However, these terms may vary from one lender to the next. For example, some lenders may make provisions which specify the loan does not have to be repaid on the next payday if the borrower is scheduled to be paid within seven days of the loan approval. In these cases, the loan may be repaid on the subsequent payday.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Exclusive Sponsor

Do you have a paycheck coming in a week or so, but you could really use the money sooner? Well, now you can. It's easy with an online payday loan. Even if you have bad credit, bankruptcies, or no credit at all, we'll help you get a cash advance that's approved quickly - with no hassles and from the privacy of your own home.

Cash Loan Source is a financial matching service that will match you up with a payday loan lender with competitive pricing that best fits your needs.

We've already done the hard part for you; we've gone out and found the best payday loan providers. So don't waste any time - you can have your hard-earned money in the bank as soon as tomorrow!

The simple application process is available online at http://www.CashLoanSource.com. While on our website feel free to browse around to find out how payday loans work, customer qualifications, FAQs and our in depth Tip & Advice Center.

Not finding the advice and tips you need on this Cash Advance Tip Site? Request a Tip Now!


Guru Spotlight
Linda Handiak