Free Cash Advances Are Cheaper Than Bounced Checks

Despite the controversy over payday loans, the fact is a free cash advance is still cheaper than a bounced check fee. Bounced check fees can range from upwards of $30.00 or more. A free payday loan is like a zero-interest loan, if it is paid back on time and not rolled over. Many payday lenders offer their first-time customers a free payday loan to help them get acquainted with the service. The initial loan may have a cap of only $300, but if you return for subsequent cash advances, the maximum can be $600 or more.

When everyone was running around trying to get zero-percent car interest loans, no one thought to suggest that it might be cheaper to borrow that money from a bank. It's no different with any lending vehicle. If you know how to manage your money and are certain you can repay the loan in time, than the first loan is just like taking a zero-interest loan.

Furthermore, some lenders will even keep offering a free cash advance to those people who refer another person to their service. If the service has worked well for you and you think it might be of benefit to others, you can get a free cash advance for yourself at the higher limit of $600. When managing money, every little bit of savings here and there helps. Any tool that could help balance your budget and manage your money is worth investigating.

Contributing National Payday Staff Writer

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