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- when a lender tells you that you need a voided personal check to get a payday loan how do you get it?
- Smart Way to eliminate contingencies: The same day loans
- Borrow loan from bank to pay off car loan for lower interest rate?
- am i better off refinancing my auto loan or taking a lower interest rate loan and paying the car off with that
legal loan sharking.
RUN! The interest rate on payday loans is like spending 5 times the actual cost of whatever you’re using the money for.
I think that anyone who needs or is getting a payday loan has a severe problem in their life and is in major financial trouble. Try to reduce your expenses so you can make it from paycheck to paycheck without loans. The interest will kill you. The fees will kill you. Then start saving something every payday so you will have a cushion (in case your car breaks down or you have to go to the doctor). Payday loans are a bad idea. It just gets you in deeper and you will end up taking bankruptcy and having bad credit which affects your life terribly.
Do whatever you have to do to STAY AWAY from any kind of payday loan. They are horrible and once you are snared, it will be very difficult to get back to $0.
great for the company terrible for the customer. But at least they won’t break your legs if you can’t pay them, or kill your puppy!
STAY AWAY!!!! I personally have not used on “online” payday loan, but trust me, I have a lot of knowledge about the “physical” ones. They are bad news…It was extremly easy for me to get payday loans….At one point, I had 8 accounts open, all with $500 loans. That was $4000 in check loans. Every 2 weeks, I had to “reloan” costing $75 each, just so I could get another $500 to pay the next check loan. Every 2 weeks, I paid $600 ($1200) to reloan the $4000. Doesn’t make much sence, but I was trapped in a cycle……
Do not do what I have done….Go to friends, bank, or whatever before you decide to use this overpriced loan. Only use it if you have no other resort for the money you need, but only use 1….not 8
Hope this helps….
They simply take advantage of those people that can least afford it. The should be outlawed. I know things are “hard” but try to avoid these companies like you would any life threatening situation.
There is nothing “good” about payday loans. PERIOD!
If you have to use pay day loan, on-line or not, try not to roll the debt over after the loan period. Which mean, pay off one outstanding loan before getting a new one. This way, your debt will not just keep getting bigger and bigger til one day you can’t afford to pay back anymore.