0
Payday loans can be dangerous. It's easy to get behind and not be able to pay the loan off. Your "fees" will keep rolling over, often times this causes you to have to take out another payday loan just to keep up. That's where the cycle begins. Typically, payday lenders don't report to the credit bureaus, but some claim they can. Some states make payday lending illegal, so you'd have to check your states laws. I wouldn't personally recommend a payday loan to anyone unless they absolutely needed the money and knew they could pay it back in full when it is due.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
When does a lien go into effect the day of the agreement or when he does not pay?
the minute the loan is executed until it is retired.
What is a same day payday loan?
A same day pay day loan is a loan that you pay back on your next pay day. Its usually not more than what you would make on the next payday either. 'Same day' means that the person can get the loan approved and cash at hand on the same day they apply.
How can one obtain a National Pay Day loan?
One can obtain a National Pay Day loan from the company National Pay Day. They have loan information that describes the types of loans they dispense on their own website.
What does the term pay day loan mean?
A pay day loan is a short term loan that you can take out but which must be paid back on your next pay day. It is a very expensive way to borrow money as the fees on this type of loan are very high.
Where can I apply for a fast easy loan?
You can visit a pay day loan store locally, or a site like paydayloans.com for pay day loans. Just be aware that pay day loans can be expensive.
Can you get a payday loan with a prepaid visa card?
If you have a prepaid visa card with money in it, you certainly shouldn't need a pay day loan. Most pay day loan arrangements require a person to write a personal check. The pay day loan place cashes the check on your payday.
How can being a car loan co signer affect applying for a mortgage?
If they pay the loan late it will report on your credit and effect your credit score--which effects your rate. But if they do pay late, and you can show from cancelled checks that they pay the loan you can still get a loan.
What are the names of some of the popular Payday Loan companies?
There are several loan companies that offer a payday type of loan. For example, Wonga, Pay Day UK and Pay Day Ninja are all offering a payday loan service.
Where can one obtain a pay day loan?
One can obtain a pay day loan from a local bank. One can also obtain a pay day loans from websites like Money Mart, Ace Cash Express, Pay Day One and many more.
If one needs cash which are the most popular pay day loan companies?
If one needs money, one can search for popular pay day loan companies like Pay Day Loan Service, Kreditech, Investopedia, Ijpe Online or Pioneer Military Loans.
Can you still get a pay day loan if you are unemployed?
YES
What is the fastest way to pay off payday loans before they gain too much interest?
The fastest way to pay off a payday loan so the loan does not gain too much interest is to pay the loan in full before the due date. If you wait till the due date youll pay for every day it takes to pay the loan back youll pay intrest on that day.
