The Cash Advance and the Economy

The cash advance

The cash advance is quickly becoming a viable bill payment option in the current economy. With a struggling economy and businesses downsizing, many people are feeling the cash crunch when trying to get through their monthly bills. The quick cash advance is a solution. These advances are given by companies who circumvent the normal formalities of the loan process and are able to greatly decrease the time needed to apply and get approved.

The Economic Stimulus Package as passed by Congress

The Economic Stimulus Package includes a cash advance that is the most talked about and anticipated part of the bill. People making under $75,000 yearly with tax liability will receive a rebate check of $600. The IRS estimates that over 130 million households are going to benefit from these cash advances. Their hope is that consumers will put that money back into the economy, thus reinvigorating it and helping the country move out of the recession quicker.

There are other parts of the Stimulus Package that include tax rebates and incentives for businesses. Business expansion, job creation and U.S.-located ownership are all goals of the tax rebate portion of the bill. The hope is that if businesses are encouraged financially, they will create more jobs that will employ more Americans. It also is set to encourage businesses to keep their roots in the US and refrain from outsourcing. Again, the hope is that this will also jump-start the economy. ... click here to read the rest of the article titled "The Cash Advance and the Economy"