I’m pretty sure that entities who can offer business cash advances to employed personnel do get their money’s worth in returns. What I’m not sure of is if they are monitored by the proper authorities, or if indeed the proper offices have been assigned to monitor such lending institutions. I see a lot of signs on some low-rise office buildings that say “SSS Loans Advanced” or “Pension Loans” implying that one can get a loan against future income. But no-collateral, no credit history loans sound scary. What do these entities do when the borrower defaults? What happens to the borrower if by some unforeseen circumstance he is forced to default? I would prefer a situation where one can live with what he has, adjusting as one goes along.
Life begins at home