The Myth Of Cash Advances

The financial tool known as the cash advance is often written off by the uninformed as a scam or a one-way ticket to debt. However, this could not be further from the truth. If you treat it with responsibility, a cash advance can get you out of tight situations with minimal drawbacks. So what is a cash advance? A cash advance (or a payday loan) is a short term loan that has relaxed credit requirements and a high interest rate.