Can I Use A Cash Advance For Medical Bills?
Medical bills are the type of thing that you want to be able to pay on the spot. Or, if it is a large bill, you can use a couple consecutive cash advance loans to spread the payments over a couple months time, reducing the balance slightly each time until it is paid off. It is good to stay on top of your medical bills because the medical bills are frequently turned over to collections immediately if you cannot pay, or you could be denied service if you do not have cash for your services when rendered.
Medical bills are like emergency car repair bills. You need to get the work done, and you also need to pay for it, whether or not you have the money available. It is easy to obtain a cash advance for medical bills or other emergency expenses. First apply and get approved, either at an online cash advance website, or at a nearby cash advance neighborhood store. If you go to one of the stores, you will receive cash immediately upon approval. With online payday loans, there is some delay, of an hour to a day in most cases. But, the online loans are deposited directly into your bank account.
When it is time to repay your loan, you need to take cash back into your local store, or have the money in your account if you borrowed online. It is very important to be able to make your repayment when due. Due dates are usually on your next payday, but you have at least a week, to a month, depending on how often you are paid. Online loans are repaid electronically through an ACH withdrawal right out of your bank account. That is why you need to have the money in your account on that payday. If you borrowed from a local store lender, they will return to you the check you wrote out when you made your loan, and you can then destroy that check.
Fees vary, but usually run at a very high APR rate, from 456% and up, but the loan term is quite short and the loan must be repaid then. A good fee is between $15 and $25 for every $100 you borrow. Most cash advance loans are for at least $100, and up to $1500, based on your total income.
You can use a cash advance for medical bills, or for any other type of bill or expense that you need to pay when you are out of money. You must be an adult, have income, and a bank account, that is all!