There are pros and cons to cash advances. They are great money options when the next paycheck is still a few days away. Getting some quick cash into the bank is a great way to cover costs without the hassles of juggling late payments. Making late payments without trying to prevent it is intentionally damaging your history with creditors. Not only are you risking your credit score, but being late will also put you at a high risk for having your interest rates inflated. What you do with one company will still put you in jeopardy with other creditors. Credit card companies will do “soft inquiries” into how you currently manage your bills. The soft inquiries will not take points off your score, but it will inform the creditors how your finances are recently handled. What you do with one company could possibly put you at risk of higher fees with another.A cash advance is a low cost way to prevent future problems. Credit cards backed by large banks are now charging interest rates similar of higher than online cash advance companies charge for their short-term loans. When a credit card company changes the rates, it will affect the whole balance, past purchases included. Maybe you remember that sale you took advantage of six months ago? The cost just went up with a sharp interest hike. Long-term payment plans are riskier to the borrower. There is more time allotted for problems to occur. These bill paying problems are interpreted to revenue for the lender. It is similar with online cash advances. They are set up to be paid off after 14 days or so. Extend the loan and the cost will rise with newly accrued interest. When a cash advance or payday loan is paid off on time, it is a cost effective way to support emergency costs.The biggest difference between pros and cons to any type of third money usage is usually determined by the total cost in the end. Debtors who pay credit card balances each month are saving loads in interest. Use any type of third party money wisely and always have a payoff plan prior to using it. Personal debt is a definite con within America.When it comes to solely looking at cash advance pros and cons, the answer is the same – only use them for a financial emergency. Unsuspecting costs arrive when you least expect it and more often when you have no funds to support them. They often come as a group. You know that saying, “When it rains it pours”? It seems like financial trouble fall right into that same puddle.Cash advance pros – fast money, no credit check, no fax availability, convenientCash advance con – high interest applied to the balance if not paid off on timeAs with any lenders, you will want to find one you are comfortable working with. There are aggressive lenders to found everywhere money transactions can be found. Look in the court system and you will find examples of bankers (including credit unions), mortgage lenders, car title loan dealers, sales persons and cash advance lenders under investigation for poor practices in some shape or form.