Cash advance to computer upgrades

February 1, 2006 - Scottsdale, Arizona

Checking Advance has determined that some consumers are using cash advances to pay for computer upgrades. Computers and especially email have become essential parts of many people's lives. For these people having access to a working computer is a necessity. Without it they cannot earn money, shop for some of the supplies they need, or arrange social functions. When their computer breaks, they need it fixed now.

Computers used to [be] expensive enough that only people with large amounts of disposable income could afford them. When their computer broke, they could easily afford to have it fixed or get a new one. Current computers are so inexpensive that nearly everyone can afford one, no matter how much disposable income they have. Unfortunately, the cost of repairing a computer has not dropped much over the past several years, yet people without large amounts of disposable income need their computer repaired just as much as people who can easily afford the repairs. Some of these people are obtaining a cash advance in order to help pay for the repairs. A cash advance lets them get their computer repaired or replaced while they wait for their next paycheck.

Checking Advance reminds consumers that cash advances are not intended to support a long term budget situation. Using cash advances in this manner can lead to serious financial difficulties.

News Source

24-7 Press Release, Staff Writer

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