payday loans online



Frequently Asked Questions:

  • How much do payday loans cost?
  • Even if the duration of the loan is only week or two until you get your next paycheck, a payday loan or advance loan can cost you an arm and a leg.
    For example:
    - You borrow $500 and you’re charged a fee of $75.
    - The lender asks you to issue a check (usually post-dated) for $575.
    - The lender keeps your check and gives you $500 in cash.
    - When the two weeks are over, you give the lender $575 in cash to cover the amount on the check and you get your check back.
    - The truth: You paid $75 to borrow $500 for two weeks. For that single two-week period it’s only 15%. But if youimmediately made the same loan arrangement that interest rate would be effectively doubled to 30%.

  • What are the Risks Associated with Payday Lending?
  • What is an APR?
  • If I can’t pay the lender what I owe what happens to me?
  • How Debt Management Plans and Debt Settlement Programs work?
  • What should I do before I get a payday loan or an advance loan?
  • How can you solve your debt problems on your own?
  • How can you correct errors on your credit report?
  • What can I do to improve my credit score?
  • What are my debt relief options?
  • How should I choose a Credit Counseling Organization?
  • What’s the best way of shopping for a loan?

 

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