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Advantage Advance (Payday Advance)
Many working individuals live
paycheck-to-paycheck. When unforeseen expenses occur,
all too often they turn to a payday lending institution
for help. Unfortunately, these loans, also known
as cash advances, quickly turn into a debt trap for
borrowers. With a mere two weeks to repay the loan,
many times borrowers cannot come up with the cash
to pay it back. This is when the vicious cycle, flipping
(extending), occurs. Each time a borrowers flips
the loan, an additional fee is added to the repayment
amount. This results in astronomical interest rates.
The average payday borrower pays $800 to borrow $325.
Let 1st Advantage give you a low cost alternative
to payday lenders plus we will
help you save with Advantage Advance!
Here's How it Works:
- The maximum loan amount is $500 with
a low interest rate of 17.95%
APR.
- 5% of the loan advance will be deposited into
a special account set up to help you save (if
withdrawn, no advances for 6 months)
- You must have a 1st Advantage Checking
Account with direct
deposit.
- The maximum loan term is 31 days.
- Your loan must be paid in full on
your next payday
and is automatically drafted from your checking
account.
- You must be currently employed and
not under bankruptcy.
- Consumer Credit Counseling Services
are offered at no
charge.
Call 1-800-LOAN-443 or Apply
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