answersLogoWhite

0

Should you get a payday loan?

Updated: 8/18/2019
User Avatar

Wiki User

13y ago

Best Answer

A payday loan or quick loan should be your last resort because of their high interest rates. You will pay a lot of interest and lose a lot of money if you use them frequently and especially never default on a quick loan because of the fees.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Should you get a payday loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you get a payday loan at another payday loan place if you have a cash advance payday loan out right now?

Yes it is possible to attain a payday loan from another payday lender if you already have a cash advance payday loan. Since the loan is for a temporary period, it is not an issue if you have another loan. Also, there are no credit checks and so the process of attaining such kind of a loan is easy and hassle-free


What are the pros and cons of a payday loan?

What are the pros and cons of a payday loan? the pros is you can get your loan quickly and do not need many credit, but the cons is that the interest is very high you should take attention to it


Can you get a Payday loan with the emerald card?

can i get a payday loan with a pre existing loan on my emerald card


What exactly is payday advance?

Payday advaced is a small loan company that will loan you money until your payday. Usually they set it up to where the money they loan you comes out of your payday check.


Who is Payday Loans?

payday loan yes was a payday loan company that was bought out by Spotya there now at http://www.Spotya.com


What are a person's options if they require an emergency payday loan?

If you need an emergency payday loan you have to think of it as a last resort. If you can get the money from a bank, a credit card or your family you should do it. The emergency payday loan can help you when you do not have other solutions, but you have to be sure that you can give the money back.


What is the best fee for a payday loan?

The best fee for a payday loan should be something reasonable yet something that the company can benefit from. Anything from 5-15% of said loan would be a good rate.


How does an online no fax payday loan work?

Websites such as CashNetUSA have an online no fax payday loan service. Visit the website, apply for a loan online and the money should be in your checking account the next day.


Where in Toronto can someone find a payday loan advance?

Services offering a payday loan advance in the Toronto area include Boozter, Capsil, Mr. Payday Easy Loans, and Cash For Any Purpose. A payday loan advance should only be taken out when completely necessary, as they typically have a high interest rate.


Can you get a payday loan on your tax refund?

Yes, it will be helpful in getting you an instant payday loan.


What if you dont have all the payday loan money at once?

You may be able to extend the loan, contact the lender. However, you should pay this loan off as soon as you can, payday loans have notoriously high interest rates.


From where could one obtain a quick advance payday loan?

There are many payday loan providers from whom one could obtain a payday loan. A few examples of such companies are Wonga, Pounds to Pocket, QuickQuid, Payday loans, and Payday.