What do you think about cash advances?

@ky1119 (699)
United States
July 14, 2007 8:03am CST
What do you all think about cash advance places? Do you think they're wrong? Do you think they're okay if used responsibly? I work for a cash advance company and I see so many people who don't use them responsibly. I see almost as many who do use them responsibly. What do you guys think?
1 person likes this
2 responses
@kimthedane (1000)
• Denmark
14 Jul 07
Well i have twice in my whole life been in a situation where i desperately needed the services of such bureau, and in those cases i was happy that the option was available, I do however think that the fee they are charging is way too hig, and should not be calculated out of how much money you need to cash, but should be fixed to make it more fair for everybody. Actually i thing a 5% exchange fee, which is pretty normal, is a bloody rip of.
@ky1119 (699)
• United States
8 Dec 07
Here it's a set percentage for every loan. It boils down to 15%.
• Canada
16 Oct 10
I guess if your down right desperate and really need money its definitely an option. I know the interest for borrowing the money for a short term is pretty high and to me its not worth it in the end. I also know people you get stuck in constant circle of borrowing money from these lenders and its a never ending thing. Again I guess if its used now and then I guess its ok.