Yes, someone with bad debt can get a payday advance. You are required to link the advance to your bank account, in most cases, so the money will be automatically withdrawn from your account on the agreed to date.
People with bad credit sometimes turn to payday loans at payday advance companies. These loans can have exorbitant interest rates, sometimes being as much as 400% APR.
You can't get a payday loan without a payday. The loan is made as an advance on your next payroll check. If you are unemployed they have nothing to lend on and have no reason to believe you have the means to pay it back.
Yes, however, the company is not likely to do so. Payday loans are generally less than $2,000 so most payday lenders will not go to the trouble to sue someone. However, what they may do is sell the bad debt to a collector and that collector may be willing to come after the debtor as collectors are set up for recovery via the legal system.
There are lots of bad PayDay Loans, but there are many good ones to like the following : Check city, 100 Day Loan, Net Loan USA, My PayDay Loan, and also Personal Cash Advance. All of the following are very good payday loans.
no. Payday loans seem to only do one thing..make things worse. Yes they give you money that you need in advance, but the payback rates will set you back so much that you will continue to use their service and get further and further in debt. People with bad credit using these services will find that it will only make their credit worse having these charges build and build against them.
If you need a few hundred dollars you can get a payday loan. There are several cash advance establishments that you can go to and get the loan, even with bad credit.
If you are in a bad financial situation and need payday loans first consult with your bank and see if they can help you and if not go to a trusted local advance place with good better business bureau standings.
If you went to a store front and actually wrote a check out, then they may be able to press charges for a bad check. I would assume you probably never wrote a check, but instead took out an internet payday loan. That is not the same. Failing to repay an internet payday loan is a civil matter, not criminal. At most, they could sue you in court. It is illegal for them to threaten you in that manner. Check out the Fair Debt Collection Practices Act (FDCPA). Payday lenders love to threaten you so they can scare you into paying.
Payday loans are a bad idea for people with a bad credit rating. Payday lenders are bottom feeders who charge exorbitant amounts of interest. You can find your state's payday loan laws at http://paydayloansfaq.org/payday-law/payday-loan-laws.html/
The interest rate on bad credit payday loans through in Arlington, Texas is 25 % higher than someone with good credit. Plus the time to pay back loan is under a 6 months compared to someone with good credit.
my layer said that it is like a credit card so it is not a bad checkCan they send me to jail if I do not pay back a payday loanAnswer:No, you cannot be sent to jail on not paying your payday loan. One thing that you must remember that"Payday loan is a civil debt. It is not a case of Check Fraud"So the Debt Collector cannot take criminal charges against you. You must be aware of your right before taking any action.A reference is there that brief you most about your payday loan rights.
No the interest rate is to high.