Yes
Yes, it can be considered a temporary account because the account would be open only until you are repaying the loan. The day you finish off all your dues, the account would be closed.
The penalty is detailed in the contract for the loan. It is likely that fees will be added to your principal balance (as is the interest) and that the interest will be increased to the maximum allowed by law. It is possible in the case of a payday loan to end up owning 500% to 600% percent of what was borrowed in just a few short months after penalties and interest are added. Nothing screams "Buyer Beware" like a 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.
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.
No, they do not.Most players will not repay their last loan, which can be up to 500,000 doubloons to buy a Phoenix Warbird. Since the only penalty for not repaying an overdue loan is that you cannot buy a larger ship, you would not be affected at all.You should always pay back a loan as soon as you can because you pay 5%interest for every "day" up to 20 days. However, since a "day" only passes when you leave one island and arrive at a different one, you can limit the number of days that pass as well (leave an island, collect salvage, and go back).
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.
There are several online websites which provide information about same day payday loans. Pick the Loan, Brick Loans, Same Day Payday Loan, Quicker Cash, Advance America and ACE Cash Express are online sources where one can apply for a same day payday loan.
No you cannot be arrested; but some financial institutions will not place stop payments on payday loan items. Some banks do not place stop payments because the financial institution would be interfering with a legal contract that you signed that allows the pay day loan company to debit your account.
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.
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.
When I filed my taxes they did not offer me same day but a one day anticipation loan for a pretty hefty fee.
No. Most the time Pay day loan companies will sue you in court. They do have a right to file criminal charges if you intentionally closed your checking account to avoid the check or change account numbers. This is illegal.