I’ve already discussed the benefits and disadvantages of getting a cash advance loan, and I’ve mostly told you to steer clear of payday loans unless you’re facing dire circumstances. Which begs the question… What are some dire circumstances that warrant a Cash Advance?
#1 You’re a 5th year student in college and you’ve completely run out of money to pay for the last course you need to graduate (and alcohol)…
This pretty much warrants taking out a payday loan. If you need to take out a loan to pay for your last course needed to graduate, do yourself a favor and take the money. Your opportunity cost for not graduating is a lot bigger than the interest you’ll have to pay back. (Lesson #1 — Calculate Your Opportunity Cost)
#2 Your 1992 Honda Accord finally hit its last mile, and can no longer be called the chariot of love… it needs to be replaced if you want to get to work ontime. But you have no money!
Yep, if this has happened to you, then getting cash in advance is something you’re forced to do. Go ahead, no one’s going to judge you. Just make sure you provide your 300,000 mile car with the burial it deserves.
#3 Your 25th Wedding Anniversary is coming up and you’re flat out of cash. Plus, it’s that time of the month…
Okay, please, please, if this is the situation you’re in, for the love of God get the cash advance. Refer to Lesson #1 about opportunity cost. The opportunity cost of not buying your wife a gift for your 25th wedding anniversary is hell on earth.
#4 It’s Christmas Eve and your 5 year old son wants a PS3, but you’ve just been robbed of all your money.
Nope, sorry. This does not warrant getting a cash advance. What the hell are you thinking? Does your son really need a PS3 and Grand Theft Auto?
I hope you’re getting an idea of when a cash advance should be used… of course I’m exaggerating quite a bit. It’s okay to get a cash advance if you’re low on funds and you know you’re going to be able to pay it back soon. Just make sure you use the money for what it was intended to be used for.
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Parsing over the 2 groups is NONSENSE. Its an argument in the Puppet House, over the proper methodology to plunder a nation and destroy an economy. The focus must be on how quickly these criminals may be arrested, their documents seized and a full capital prosecution brought to bear.
THIS WHY WOMAN SHOULD STAY HOME
I’ll said it before and I’ll say it again. Obama is a house negro in a nice suit that gives a great speech. I’m still waiting to see any sort of positive change because what I’ve seen is negative changes so far.. And you will pay a political price for this Obama in the black community come 2012 because we are watching very closely.
@cameron6136 Actually it is Socialism Just Corporate Socialism not Populist Socialism.
The People got sold a Monkey’s Paw.
Capitalism survives because socialism bails it out.
The only reason the mark re-regulates itself is because the central banks control inflation. When you cause an economic crisis by selling out to people who can’t pay and then calling in tight debts, it’s very easy to print some more money (which has no physical backing) to “bail” out the people you have screwed up in the first place, then when inflation hits, increase the rates. This then “self regulates” the market. This is a bit of a scam.
Obama will go down in flames as the worse president in history for selling out the people to scum like Goldman Sucks and JP Morgan.
It’s a shame, I was hoping for better from Obama.
what do you base your assumption that “he market does self regulate, and it does fix itself, if you allow it to” if it was over 100 years ago that we had a truly free market? 100 years ago commerce existed on maybe 1/1000 of the scale it does now, so you have absolutely no idea how a globalized market would respond if it were truly “free”. there are no examples of any economy anywhere which supports your lame thesis.
This guy is an idiot, but at least he has enough brain to make the connection between wallstreet and the government.
Problem is, the market does self regulate, and it does fix itself, if you allow it to. Unfortunately, last time we had a free market or anything even close was like over 100 years ago before all the central economic planning and central banks.
As long as there are regulations, and license requirements, you have no free market. It is a managed market, aka socialism or fascism.
Matt Taibbi is trying but he’s not even tuff enuff! Everyone you see here is Bought and Paid for… Ratigan acts like he’s outraged but all he does is debate.. never takes a stand.. They are ALL CRIMINALS AND WE’RE ABOUT A QUADRILLION SHORT OF GETTING OUTA THIS! GLOBAL ECONOMIC COLLAPSE, DOLLAR COLLAPSE ARE ALL COMIN’ SOON TO A NEIGHBORHOOD NEAR YOU! Then this Criminal Fascist Gov’t will spark an incident with Iran or Venezuela or both! I’m guess a Chavez related False Flag comin soon
They knew the dollar was going down in flames. They stole from the poor to feed the rich. Plain and simple.
Never forget that just a few months ago this man said tea baggers. He said any talk of corruption was just “conspiracy theory”. He is a lier and don’t let him hi-jack your revolution.
Foreign policy and monetary policy never change. And they prop each other up.
The Primary Owners of the Federal Reserve Bank Are:
1. Rothschild’s of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seif of Italy
4. Kuhn, Loeb & Co. of Germany and New York
5. Warburg & Company of Hamburg, Germany
6. Lehman Brothers of New York
7. Goldman, Sachs of New York
8. Rockefeller Brothers of New York
omg
this is really creepy – (for me) this video sticks at 9:11
this is twice now
anyone else?
you are a front for political cheer leading.
ALL JEWS
MSMBC is just a front for republican talking points.
I feel sorry for the female who had to play the “Devil’s advocate” during this.
Nonetheless, we all know who the thief’s are and how they did and are doing the thievery, now what? Enough with the exposure of the problem, time for the exposure of a solution. Fire Bernanke and Geitner, Remove all corporate Lobbyists, use the remaining TARP fund for bailing out Main street (small business, employment, social programs, Housing, etc), and END THE FED.
A Class War…Rich Vs. Poor. Wall street Vs. Main street. Government is on the side of the Rich due to Lobbyists.
This bitch is clueless.
Larry Summers is a criminal and a member of the Jewish mafia.
Look at what he did to Russia after the USSR collapsed.
these wall street oligarch criminals are working on whipping out the middle class for ever!!! thats what dictators always do: get rid of the middle class!!!
“the obama deception” and “fall of the republic” are the two film everybody has to watch!!!
i don’t think he’s a “gatekeeping scum bag”. He’s just a guy trying to sell a book. There’s a growing market of disenfranchised progressives looking for reasons to call Obama a fraud, or “too good to be true!”. Hence it’s on MSNBC!!