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New Point Faxless Cash Advance

While most people generally do well to manage a household budget, many people need an occasional financial bridge. Many consumers choose a New Point Faxless Cash Advance to cover unexpected expenses between paydays. A New Point Faxless Cash Advance should only be used as a short-term financial tool to provide an alternative to NSF checks and late payment charges.

New Point Faxless Cash Advance loans are repaid in the same way they are received – by an electronic ACH transaction. On your next payday the loan amount and fees are automatically deducted from your account. If you require an extension or would like to rollover the loan for another pay period, simply contact the lender 48 hours before the loan amount is due.

Currently, fees charged on New Point Faxless Cash Advance range from $15 to $30 on each $100 advanced. The cost of getting payday loans should be viewed as a service charge. According to market research, banks and merchants charge an average non-sufficient funds fee of $24 per check. Credit card companies impose an average late fee of $26, while auto finance companies charge $23. In contrast, the average finance charge on a New Point Faxless Cash Advance is about $18 per $100 borrowed.

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