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Well, where to start?
Problem #1: Payday loans have excessive and usurious interest rates and fees. This makes them illegal in many states.
Problem #2: By design, they are built to keep you in a repetitive cycle of not being able to pay them off, often leading to the need to take out yet another payday loan, and the cycle goes on.
Problem #3: Many so-called payday loan sites on the internet are mere phishing sites. They will use your information fraudulently or sell it to someone who will. There are many cases of people receiving harassing phone calls to pay on a payday loan that they never even had in the first place, just because they applied on one of those sites. BEWARE!!
Problem #4: If you actually do receive a payday loan, and miss your payment, you will be harassed. Payday lenders/collectors are notorious for breaking the law when attempting to collect the debt. Many of these lenders are underground or outside of the US, therefore not afraid of the law. They will threaten you, your family, your employer, your friends, you name it.
Think carefully. If you REALLY NEED a payday loan, make sure no other options are available. Make sure they are legal and licensed in your state. Deal with an established lender, although that doesn't necessarily mean that it makes it any better.
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What are some of the dangers of internet payday loans?
Internet payday loans have a number of dangers associated with them. They can have high interest rates, significantly higher than credit cards, overdrafts or personal loans. Bank details may need to be shared, leading to a risk that it may be compromised when transmitted over the internet or by the lender. The money itself also poses a risk. Some loans have to be collected from a single location and these can be targeted by criminals who then prey on the people collecting their loans.
What companies offer payday loans in the UK?
Many companies offer payday loans in the UK, where there are fewer restrictions on payday loans than in the US. Some of these companies include Speedy Cash, Vallarta Loans, Piggy Payday Loans, Payday Ninja and Quick Quid.
What are some companies that offer advance payday loans?
Some of the top rated companies that offer advance payday loans are 100 Day Loans, NetLoadUSA, FaxFreeCash, MyCashNow, PayDay one, SonicCash, CashNetUSA and National Payday.
Are loans for unemployed the same as payday loans?
Loans for unemployed and payday loans differ in a few ways. Payday loans require a check stub from an employer. The interest rates are similar, but qualifications in some cases are lax.
What are some guaranteed payday loans?
Guaranteed payday loans are loans that a person is guaranteed to receive upon their application for the loan. Guaranteed payday loans are loans against a future paycheck. When the applicant has received the paycheck that the loan was made against, they pay the loan back.
Is there a place on the internet where I can print out information on the dangers of payday loans?
Payday loans come under the heading of "predatory lending." There are interesting articles at http://www.texpirg.org/financial-privacy-security/predatory-lending AND www.responsiblelending.org/consumers/ You can go to . The article advices on the dangers of payday loans.
Is there a payday loans website for Christians?
Yes, there are some websites for payday loans for Christians, some examples are: Christian Faith Financial-Christian Payday Loans, Payday Loans Apply and ChristianNet.
What are some of the dangers of internet payday loans?
Internet payday loans have a number of dangers associated with them. They can have high interest rates, significantly higher than credit cards, overdrafts or personal loans. Bank details may need to be shared, leading to a risk that it may be compromised when transmitted over the internet or by the lender. The money itself also poses a risk. Some loans have to be collected from a single location and these can be targeted by criminals who then prey on the people collecting their loans.
What companies offer payday loans in the UK?
Many companies offer payday loans in the UK, where there are fewer restrictions on payday loans than in the US. Some of these companies include Speedy Cash, Vallarta Loans, Piggy Payday Loans, Payday Ninja and Quick Quid.
What are some companies that offer advance payday loans?
Some of the top rated companies that offer advance payday loans are 100 Day Loans, NetLoadUSA, FaxFreeCash, MyCashNow, PayDay one, SonicCash, CashNetUSA and National Payday.
Easy Cash Loan payday loans South Carolina?
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Are loans for unemployed the same as payday loans?
Loans for unemployed and payday loans differ in a few ways. Payday loans require a check stub from an employer. The interest rates are similar, but qualifications in some cases are lax.
What are some examples of credible companies who ofer the best payday loans?
Some examples of companies that offer the best payday loans are: 100 Day Loans, NetLoanUSA, FaxFreeCash, MyCashNow, PayDay One, SonicCash, CashNetUSA, National Payday, My Payday Loan and Personal Cash Advance.
What are some of the dangers of accessing fast cash or payday loans online?
Anything online can lead to danger. Online sites that provide loans could end up scamming you, stealing your information, etc. It is a very dangerous task, and you should be consulted by a professional before participating in fast cash website programs and payday loans.
What are some guaranteed payday loans?
Guaranteed payday loans are loans that a person is guaranteed to receive upon their application for the loan. Guaranteed payday loans are loans against a future paycheck. When the applicant has received the paycheck that the loan was made against, they pay the loan back.
Where can you learn more about faxless payday loans?
Faxless payday loans are described in detail in the encyclopedia of payday loans. Most payday loan companies, like Cash America and payday express, are happy to provide faxless payday loans, in fact preferring to give their loans in person.
Where could one get cheap payday loans in southern Florida?
There are many locations to obtain a cheap payday loan in Southern Florida. Some of these locations include South Florida Payday Loans, Florida Payday Loan and 1 Stop Title Loans.
