Answered

What are some alternative methods to a cash advance or a payday loan to have cash available when needed?

A. Emergency Fund
B. An advance from your employer (no interest charged)
C. Loan from friends or family
D. A personal loan from a bank or other commercial lender
E. All choices are recommended



Answer :

GinnyAnswer

Final answer:

Learn about alternative methods to cash advances and payday loans, such as establishing lines of credit and personal loans.


Explanation:

Alternative methods to cash advances or payday loans include establishing a line of credit with lenders, borrowing from friends or family, and taking a personal loan from a bank or commercial lender. It is important to avoid payday lenders due to their high fees. Building an emergency fund and managing cash holdings effectively are vital for financial stability and preparedness.


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