No Fax Cash Advances - Ladies And Gentlemen....FEAST!
Ok, so we know we have a little problem with no fax cash advances today:
- over 90% of all people applying for no fax cash advances will fail to repay them on time
- an average person will take out about 5 faxless advances every year
- we don't have enough money to make it form one paycheck to the next, how do we expect to do it when we start paying extra for that paycheck!
Yeah, we're not really thinking this one through. At least when we had to fax additional documentation we had an opportunity to really focus on our choices - now we can just apply for
Feeling dumb around no fax cash advances
We're not saying people who take out no fax cash advances are not thinking through the process. Oh no! The people who apply for these loans are thinking very hard about their financial situation. In fact, some might say we are thinking too hard and putting too much stock into avoiding financial calamity - if we just imagined that no fax cash advances didn't exist, the worst fate we could imagine would be a few bounced checks, a few late fees, and an overall life less exhilarating. We're not dumb, we're just doing dumb things - and the worst part is we all know how dumb we really are!
Understanding the faxless advance
A little less than 5% of all no fax cash advances go to first time borrowers with no cash advance experience, and of that 5% about half of them will believe their cash advances charge only 35% APR for their services when the number is actually about 350%. So for the most part, people know what to expect from their cash advance services, and they know all the dangers, We know how expensive these loans can become and we understand full well how devastating they can be for our finances. The problem isn;t ignorance, its apathy - if we fail to repay our no fax cash advances on time what's the worst that can happen, another tick on our financial record? Uh oh, now you have really really really bad credit! Payday advances are the last line of defense, the end of the road loan for people in need of some serious cash. And at the end of the road you'll just get a lot of people who don;t care one way of the other about responsibility - most of them really have nothing to lose and all they see is $500 to instantly gain.
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