A cash advance does have great interest rates. That is not because the loan company is attempting to take advantage of emergencies, but mainly because they can be a limited term lender. The cash loan cash advances are meant to be limited time period loans, not very long time period financial loans which are consistently refinanced with regular statements. This implies that the online pay day loan business assumes higher threat on the same financial gain level as other monetary institutions.
You have to keep in your mind that pay day cash advances are very small time period.