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What can be some of the disadvantages of dealing with direct payday lenders?
Wiki User
∙ 10y ago
Some of the disadvantages of dealing with direct payday lenders are that they can be very expensive in the start and can turn even more expensive when paying back. It's also know that the requirements they have can lead to that it will be used by the people who will have the most difficult to handle the repayments.
Wiki User
∙ 10y ago
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Payday lenders can charge up to how much interest?
payday lenders can charge up to what interest
How much can payday lenders can charge up to in interest?
payday lenders can charge up to what interest
What are some disadvantages to a payday advance loan?
The disadvantages of a payday advance loan are the high interest rates, depending on the jurisdiction, and the questionable practices of the bank or lenders dispensing them. In fact people left with the only option of getting a payday advance are often subject to hefty fees, damaging any prior credit problems.
Can you get a payday loan with a Prepaid account?
It is not likely you will get a payday loan with just a prepaid account. In order to get a payday loan, you need some guarantee that you will get your next payday. Lenders will ask that have a steady job, an active checking account and possibly signed up for direct deposit too.
Can I get a payday loan if my SSI payments are direct deposited?
Check with your lender. But in general - yes. Be aware of predatory lenders and predatory lending practices.
Is it possible to get a payday loan without a debit card?
you only need checking account Other lenders might also require you to have a full time job and have direct deposit set up. It varies with lenders.
Where can i find a payday loan in the UK?
http://findapayday.com listing all major payday lenders in The UK.
Where can I find information on best payday loans?
Cash N Go, Easy Lenders, Payday Lenders, etc... have all been used nationwide. The thing to remember is when searching online or calling about a payday loan ask about percentage rates.
How are payday advance loads repaid?
The payday loans are repaid to the lenders on the borrower's next pay day. Individual lenders would have their own different criteria, but the underlying processes are similar.
What are the best rated payday lenders?
There are several online highly rated payday lenders. 100dayloans and AmeriAdvance both have great reviews and are highly rated. It would be important to look into payday loan ratings and reviews carefully to protect yourself as a consumer.
What does payday loan lenders mean?
Payday Loan Lenders are where you can get money now for a fee. In my opnion they are a rip-off but if you need the money in todays econmy then they are a great place to help you out...with a fee of course.
How are payday lenders able to stay in business?
Payday lenders are able to stay in business because there is a market demand for payday loans. Payday loans are illegal in only 13 states, leaving plenty of other states free to lend. Now that payday loans are easily available online, more and more people are looking toward payday loans for financial assistance when they need it most. If people need to borrow money, they will do so. The moment people stop needing to borrow money, which will be never, will be the moment payday lenders will be unable to stay in business.
