The Pros and Cons of Approved Payroll Advance Loans

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  • June 4, 2015
  • The Pros and Cons of Approved Payroll Advance Loans

    Payroll advance loans are short-term, unsecured loans, designed to provide temporary relief from different financial needs such as utility bills, car repair bills, mortgage payments or medical bills.  It is not meant to be used to fund huge purchases including buying a house or a new car.  While advance loans have many advantages, it does have drawbacks.  Here are some of the advantages and disadvantages of using approved payroll advance loans: