A cash advance with bad credit is a type of short–term loan that is typically used to cover unexpected expenses or to bridge a temporary cash flow gap. Because these loans are typically repaid within a few weeks or months, they can be a good option for people with bad credit who need quick access to cash. However, cash advances with bad credit typically come with higher interest rates and fees than loans for people with good credit, so it‘s important to compare all your options before taking out a cash advance.
Some lenders may offer cash advances with bad credit to borrowers with a low credit score, but the terms and conditions of these loans will likely be less favorable than for people with good credit. For example, the interest rate on a cash advance with bad credit may be higher than the interest rate on a loan for someone with good credit, and the loan may need to be repaid in full within a shorter time period.
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Jordan has over 15 years of experience with personal finance writing. Read more »
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Jordan has over 15 years of experience with personal finance writing. About us »
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