Credit Card Cash Advances Versus Payday Loans

Know your options

They look so innocent, don't they?

Lately, I have been stewing a bit over the amount of interest I’ll end up paying on some cash advances I got on my credit card. Had I known more about my options beforehand, I would have definitely made a different choice. If I’d taken out a payday loan instead, I could have save a lot of money.

But now, like a motivational speaker who can tell high school students to “stay off drugs” because “I’ve been there,” I present to you my new campaign: Just Say No To Credit Card Cash Advances.

Let’s start at the very beginning

Now, my message isn’t for everyone. But, if you have a credit card that already has a balance on it, listen up. Here is my story.

When I started college, I signed up for a couple of credit cards. When I first got them, I promised myself I’d only use them for emergencies. However, as time went by the definition of “emergency” got a little hazy. Eventually, going out to dinner with friends and attending concerts became major emergencies. ... click here to read the rest of the article titled "Credit Card Cash Advances Versus Payday Loans"