The Basics about Internet Advances and Retail Cash Advances

Very simply put, with a retail quick cash advance you physically pay a visit to a payday lending store and go through the various required steps to secure a small loan (typically $50 to $500) from them. As per modus operandi in these situations, you’ll be required to write a check covering the advance amount as well as the associated fees (anything from 15% to 30%). This check will be postdated and will be processed by the lender if you do not physically return to the lending store to repay the cash advance plus fees.

Should the check bounce for any specific reason (lack of funds in your account), you’ll not only be liable for the incurred banking fees, but also be subject to additional fees from the lender. Seems tough, doesn’t it? But you’ll be happy to know that this is only subject to provincial law. In some provinces lenders are obliged to make an extended payment plan available to those individuals who are unable to repay their cash advance on the due date – without any added fees.