I live in colorado, need a small loan to help with payments. Do they check your credit score? can anyone suggest one they have had good experience with? also, bad ones so I know what to stay away from.
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They are all bad. Payday advances are awful. You will get screwed by the interest rates, and it will not be worth it. You’d be way better off applying for a consumer loan with your bank.
If you have to get a payday loan (think long and hard first, because you will be starting a cycle where you may not be able to pay it off quickly, and end up just renewing it over and over) go to one that has a store front, one you can actually walk into and talk to a human! Do not get one online.
No, they don’t check your credit score, that is their whole gimmick, is they will lend money to you as long as you can produce paycheck stubs and some other forms of identification.
The interest on these loans is quite high — about 400 to 600%. Anywhere from $17 and up per hundred dollars borrowed.
I live in FL but I don’t know of any good reputable payday loans company seeing as when you sign their like 5 or sometimes 10 page contract they will try to stick it to you if you don’t pay it back. If you have a decent credit, try and get a credit card and pay it like you would a payday loan, revolve your balance with them and build your credit, if you don’t have any credit a payday loan will charge a ridiculous interest rate and the terms and conditions are pretty bad as well. So try to avoid it all cost if you can’t any company will do as long as you pay them back when you agree.
Don’t even try to do this online – you’ll regret it for your life.
Our state passed a law that they can not charge more than 430% interest, and the places have been closing down.
I guess 430% interest is not good enough for them…..
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You are starting from a bad premise here, so whether there are any reputable payday advance loan companies is immaterial.
If you need a payday advance because you have no health insurance and your child neets sutures, and you have the ability to pay off the loan out of your next paycheck, you might want to do it.
But to borrow money to make payments on loans you already owe is absolutely unthinkable. The places with storefronts have a sign on the wall and one where I applied for employment stated that they were charging 542%. So instead of being late on a $100 payment to Montgomery Wards, you’re going to pay $642.00 to make the payment on time? Far better to tell the people you already owe that you are going to be running behind than to give up two week’s paychecks and still be in trouble.
Oh, it’s about your car payment and you are afraid they will repossess it? They might, and they most assuredly will if you keep them in the dark, but a friend of mine lost his job and told his lender to come and get his 2008 Grabber Orange Mustang. They said they didn’t want it. A month later when they called him, he asked them where to drop off the car. Again, they said they didn’t want it. It was four months before he got another job, and five months before he could make the next payment, but he was never without wheels a single day ~ mostly on the strength of keeping in touch with the lender.
“need a good, reputable payday advance loan company” No such thing. These companies skirt the usury laws and put you in a trap you will likely never get out of. Do you have anything you can sell? Can you do some yard work, housework…?
You will regret doing this.
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