What are the fees associated with a cash advance?
The fees associated with a cash advance vary depending on the lender and the state you are in. Generally, cash advance fees consist of a flat fee or a percentage of the total amount borrowed. The typical range for cash advance fees is between $10 and $30 for every $100 borrowed. It is important to note that these fees can add up quickly, especially if the loan is extended or rolled over. Additionally, some lenders may charge additional fees for loan processing, late payments, or insufficient funds. It is crucial to fully understand the terms and conditions of your cash advance before agreeing to it, ensuring that you are aware of all the fees involved.
Answered Nov 1, 2023
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