There are many possible reasons why you may currently have a poor credit history. Perhaps you've had a long history of paying bills late or maybe you've defaulted on your debts. Sometimes it may not even be truly your fault as is the case of identity theft. For whatever reason, if you have a poor credit history you may find yourself in dire straits. The Consequences of a Poor Credit HistoryWith a poor credit history, you may find that you are required to pay much more than other people, even though it was your difficulties in meeting payments promptly which caused you to have a poor credit history in the first place. Those who are applying for bank loans and credit cards with a poor credit history are often faced with rejection, and even if their applications are approved after a significant amount of time has passed they are also required to pay higher interest rates and more processing fees. Insurance companies are also getting into the act, as many of them believe that a poor credit history makes customers more likely to file a claim. Even law enforcement officials check into suspects' credit history, because a poor one may indicate a more likely motive for theft. Potential EmergenciesThere are many potential scenarios in which poor credit customers may need quick cash. Disconnection notices are amongst the most common, and the reconnection fees and the resulting inconvenience is much worse than paying the fees for a cash advance loan. Other common emergencies involve making car payments, buying medicines, or even purchasing the weekly groceries. Losing your car or risking your health is much worse alternative than getting a cash advance loan. Getting a Cash Advance LoanHowever, a poor credit history is no hindrance to getting a cash advance loan from some lenders, especially when they don't even check your credit history at all. If you have a need for emergency cash, you can apply online for a cash advance loan, and if you meet specific standards regarding your monthly salary and your time of employment, then you can get approval for your loan application quickly. This makes short term cash advance loan providers a godsend for poor credit customers. The simplicity of the concept works for both the customer and the loaner. The customer gets the money the need to meet whatever financial emergency they are facing quickly and with no fuss, while the loan provider can quickly get their loan back plus the loan fees from the bank account. Although it is entirely possible to get a cash advance from the company you're working for, there are several disadvantages to this approach. For one, the entire process may take days, unlike cash advance loans from lenders who customarily provide the loan by the very next day. Another reason is that you may be asked to provide the reason why you need the cash advance. In contrast, cash advance loan providers are more respectful of your privacy, and no questions like these are asked. When it comes to cash advances, going to an online source may not be your only option, but it may prove to be your best one.
