i know this sounds terrible, but hear me out. i am pretty unfamiliar with payday loans.
i am going across the country with a friend this summer, and i will need some cash. i am currently unemployed in northern new england and i have yet to find a job. the situation is quite dire up here, and i’m sure some of you know how it is.
anyway… if i can’t find a job when the time comes, i was thinking about getting some type of easy loan (i.e. a payday loan?) as my credit is very poor and i have no source of income. i have seen some online payday loan companies that claim they do no job checks – however im not sure that this is true… i’ll look into it further.
my question is such: what legal rights do they have? i know there is a contract and yadda yadda but will the retaliation be anything more than the usual daily harassing phone calls? because i’m used to that already with my college loans and credit card debt, and it really doesnt bother me. so ar am i not in any legal trouble, and i really dont want to end up in court (although i suppose even if i did they wouldnt really be able to squeeze me dry, considering i am a broke ragamuffin).
keep in mind after i get these loans i will be travelling to and perhaps staying forever on the other side of the continent. SO! please keep an open mind and give me your opinions.
thank you!!!
im aware that you need a paycheck, BUT as i mentioned in my original question i have seen companies online that claim they do not check for jobs… i’m not sure how true that is though.
so yeah. read my question.
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A payday loan is just that: you have to have a PAYCHECK to get a payday loan – get it? duh!
“i am currently unemployed”
you answered your own question.
No payday = no loans.
HInt: If you don’t have money, you cannot go.
Payday loans have interest rates in the 600% range. If you fail to pay, they will make those daily collection calls for your credit cards seem like love chats.
The question is not if you “can you get a payday loan”, but rather “should you”. If you are unemployed and do not have any source of income, how are you going to pay it back. I am sure its mentioned in the fine print that they will not verify your job only you meet some criteria. Give it a shot, its worth a try. But mind you the interest rate is ridiculously high and you take the loan only if you are sure you can pay it back. Since you have no income source, please do not take such a loan. You will be in a debt trap forever. If you need some money, reach out to friends or family, or apply for a credit card or personal loan.
Hope this helps. Good luck.
I have read your question, and if you have no payday… you cannot get a payday loan. Simple as that.
They may not check for a job as in call an employer to verify you have a job, but you best bet they will want paycheck stubs, bank statements, and assorted other things…to ensure they will get their money.
How on earth did you intend to pay them back? LOL Were you just going to go across country and keep borrowing ( well you won’t be because you won’t get a loan ..but…) and not give a second thought to the fact they want their money in 2 weeks? PLUS their 400% interest?
You are right, you don’t know much about payday loans. Which means you need to do some more research before you chide people here who are trying to guide you.
The good news in this:
You won’t get a payday loan. Why? Because you have no verifiable income.
Maybe that’s a blessing in disguise as it sounds as if you thought you might get some free money to go on your trip to the other side of the continent.
My open mind says you know and intend to commit fraud if they would be so stupid to lend you a nickel. Your cavalier attitude towards the people you owe already shows you have no regard for the mess you leave.
Grow up.
Everything You Need to Know About Payday Loans:
At the moment, there are hundreds of expenses that an ordinary family unit has per month. Even if a budget exists that the family unit has set for the month, the growing price of basic commodities including food and gas can make expenses go beyond what is allotted for the month. At times the salary of a parent or both parents may not be adequate to pay for bills, credit cards, and fundamental expenditures.
So what are your alternatives if you need to have extra funds in the case of emergency situations? A no fax payday loan that you can apply for on the internet is the answer. Acquiring approval is also easier nowadays, as no fax payday loans can now be applied for online, without the requirement of calling or sending your documents through mail or a fax machine. All that is required to do is to search for a finance company or private lender online, and you can be assessed if you are eligible or ineligible to obtain easy payday loans for your household’s expenditures.
So how does this type of loan work? Approved parties are allotted their payday loan which is presented in cash. Before receiving the loan, the person needing the loan will have to issue a post dated personal check, dated on the next payday. Within about one month, once the person applying for the loan has received their pay check, they deposit that amount to their checking account as a form of payment for the pay day loan they drew out previously. Can you believe it is just that painless? In fact, the payday loan application is even more convenient online, with approvals occurring nearly instantly.
Same day payday loans are received after answering a couple of questions about your present employer, any present loans, and other fundamental information, you could possibly find out within a day if you are accepted to get your same day payday loan. Several of the tasks you must do include completing the online application form, sending in your documents by email, and filling out your payday loan application. Once you complete your required essentials quickly, your lender can review them so you can be eligible to obtain your same day payday loan as soon as possible.
What are some examples of payday loan requirements? In many states, the minimum age for receiving a no fax payday loan is 18 years old, while in other states it is 21 years old. The person applying needs to be a regular employee with a consistent monthly pay check, oftentimes the minimum should be around $1,000 per month. Also, he or she should have an active checking account. Examples of information that are required to be submitted via email for a no fax payday loan include a pay slip of your employment as well as bank financial statements.
Don’t forget that when someone applies for and gets a loan, it is important to have the ability to pay back the lender as fast as you can. Not doing so may result in a damaged credit score. Now that you have found out about no fax payday loans you are able to see what a good choice they are for an individual in need of a loan quickly or for an emergency.
Payday Loans Online: http://www.fastezpayday.com