Should I take a large advance now or monthly advances to replace my lost salary?

If you lost your income due to an accident you may wish to replace it for a few months until you return to work. But should you take out a large 1-time advance to get by or borrow in monthly increments?

If you take a large advance now, you will pay fees on the entire balance. However, if you have a large item to pay for such as a car, tuition, or surgery it may be your only option. If you borrow in monthly increments you will pay fees on a smaller balance and save money in the long run.

- For Example*: 
If you borrowed $6,000 up front, after 9 months the payback would be roughly $8,649.60.
If you borrowed $1,000/month for 6 months, after 9 months the payback would be roughly $8,001.00.

*The example is for illustrative purposes and is not a guaranteed rate.  Rates vary by funding company.