0
These companies are predatory and dishonest. They may talk nice to you and give you the impression they are willing to work with you but, the truth is, you just keep getting further and further in debt to them. You need to find a way to get clear of these people as quickly as you can. They will ruin your credit and your life if you don't get clear of them.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
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.
In the state on California can you get jail time for not paying back a online payday loan?
No. The consequences to your loan well be found in your contract with the loan company. Most online payday loan companies are willing to work with and help you pay the principle back. Before jumping ship and not paying I would contact them tell them you would like to pay back the principle and they should work with you. But you shouldn't worry, it would be very hard for an online payday loan company to send you to jail. Learn more about Payday loans at www.getecash.com
Is payday lending the same as a payday loan?
Yes, payday lending is the exact same as a payday loan, but sometimes people call it different things. It is for those who need a very short term loan until they get paid at work, at which point they pay the loan back. This usually comes with a high interest.
How does a payday cash loan work?
Payday loaners provide a short-term unsecured loan to be repaid at the borrower's next pay day. There are fees attached to the loan. Proof of employment is needed to get this type of loan.
Which payday loans work with the AccountNow Visa card issued by Meta Bank?
Only the AccountNow payday loan will work with an AccountNow prepaid card.
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.
In the state on California can you get jail time for not paying back a online payday loan?
No. The consequences to your loan well be found in your contract with the loan company. Most online payday loan companies are willing to work with and help you pay the principle back. Before jumping ship and not paying I would contact them tell them you would like to pay back the principle and they should work with you. But you shouldn't worry, it would be very hard for an online payday loan company to send you to jail. Learn more about Payday loans at www.getecash.com
Is payday lending the same as a payday loan?
Yes, payday lending is the exact same as a payday loan, but sometimes people call it different things. It is for those who need a very short term loan until they get paid at work, at which point they pay the loan back. This usually comes with a high interest.
How does a payday cash loan work?
Payday loaners provide a short-term unsecured loan to be repaid at the borrower's next pay day. There are fees attached to the loan. Proof of employment is needed to get this type of loan.
How do discount advances work?
"Discount advance companies will offer you money quickly and easily by charging a small fee that you can pay back at your next payday. If you can not afford to pay it back at your next payday, you have the option to take out another loan."
Which payday loans work with the AccountNow Visa card issued by Meta Bank?
Only the AccountNow payday loan will work with an AccountNow prepaid card.
What forms are needed to apply for an instant payday loan?
Usually, for an instant payday loan, you will need two forms of identification, paycheck stubs to prove you work, and maybe some form collateral, but that depends on the loan place.
Will an overnight payday loan work for me?
An overnight payday loan will work only for a short time. These types of loans are very expensive. It is best if you sit down and go over your finances and creat a budget that you and afford to live comfortably on.
Where can one get a low interest payday loan?
A low interest payday loan is an oxymoron. Loan companies specializing in short term or payday loans, typically charge the maximum allowed by the province in which they are operating. This can be work out to be as high as an annual percentage rate of 600%. Occasionally loan companies offer special rates to attract new clients. These could be considered low interest payday loans. Currently one company, Zaplo, operating in Canada is offering a first loan to new clients at 0% interest. Using the company provided calculator. It appears that the maximum qualifying amount for this offer is $400.00 for 30 days. Because payday loans tend to recur on a regular basis, a person could regard this as a loss leader, typical of any retail business.
Choosing Payday Loans Wisely?
Consumers often use payday loan services when they need cash for emergencies. Medical costs and vehicle repair expenses are two common reasons for people to apply for payday loans. Although it might seem to make better financial sense to simply wait until payday to have the car fixed, people who depend on their cars for transportation to and from work usually do not have that luxury. Rising housing, food and utility costs have left many people struggling to make it from payday to payday without having much opportunity to put funds into savings. When emergencies arise, payday loans are often the only available option. However, not all payday loan companies are the same. Smart consumers should shop around before deciding which service to use. Interest rates can vary significantly among payday loan companies, so it's best to search for the one that offers the lowest possible rate. Many payday loan companies offer same-day service or loan approval within 24 hours. While convenient, these companies frequently charge higher interest rates than their more conventional counterparts. Of course, people who need cash right away sometimes consider the higher interest rates to be simply the cost of obtaining money when they need it. Establishing a relationship with a payday loan company is a good way to keep interest costs down and to have fast access to funds when needed. Payday loan companies frequently offer repeat customers substantial discounts on services, and they normally don't have to go through the approval process every time that they apply for a loan. Finding a reliable payday loan provider and sticking with it is recommended to those who want maximum convenience. Payday loan interest rates vary by state as well as by individual lender. Some interest rates are as high as 300 percent. Borrowers who cannot pay the loan back in full when it is due have the option of rolling the loan over for additional fees. It is recommended that every effort be made to repay the loan in full on or before its due date.
Can i do a payday loan debt consolidation?
You can. There are companies on the internet that claim to do just that. Make sure you check them out first. Check with the Better Business Bureau and see what they have to say about them. Some of these payday loan consolidation companies have been accused of not paying the payday lenders you owe. Some payday lenders will still try to collect from you even if you do go with a consolidation company, so that really doesn't solve your problems either. One thing you should do is close your bank account and stop them from debiting your account. Check out your state laws. Some states have made payday lending illegal, so your loans may not even be enforceable. Your attorney generals office or financial regulator could give you more information on this. Worst case scenario would be that your state allows payday loans, and the lender could file a civil suit for default. OK to elaborate on the answer above you can resolve these accounts if you are in default by speaking to the resolution departments of the payday lenders you owe, but not all of them will resolve them or are willing to help out. If your lenders aren't willing to work with you then you should look to a company that has a few years of success and a perfect track record in dealing with these firms. To hire a professional payday loan consolidation firm you need to only look at companies who do not hold money and pay the lenders starting with your first payment. As for closing your account with your bank most banks nowadays are willing to put a block on the lenders who have access to your account thus negating the need to close the account. Check with your branch manager for their guidelines. David
Where in the UK does one find a payday loan?
There are several UK companies who offer Pay Day loans including Wonga, Quick Quid and Elephant Loan, Most of these work in the same way by filling in an online or telephone based form, then receiving the money direct into a bank account. The interest rates are astronomical for each of them, and penalties for default can be severe.
