answersLogoWhite

0

pay day loans can become very costly if left unpaid back and should only ever be used as a short term solution not a long term one. they tend to have very high interest rates plus fees of upto $17 per $100 so a $300 loan could cost over $600 over a month with around 200% intrest.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is the average interest rate on same day payday loans?

The average interest rate on a same day payday loan can be over 900 % for a one week loan, over 400 % for a two week loan and 200 % for a one month loan.


How much money does an average person spend?

An average person might spend $300-600$ a week or day for me a day!


What is the average bank loan rate?

This depends on the type of loan you want, and the rates can change from day to day. Todays rate could be higher or lower tomorrow. A good place to compare rates and find the average bank loan rate for the type of loan is BankRate.com: http://www.bankrate.com/compare-rates.aspx


What is the average rate for a mortgage loan?

The average rate for a mortgage loan would depend on the rates for the day that you are inquiring. Rates may change on a daily basis. Today's average rate is 3.25%.


Average consumption of sugar a day?

100 to 300 calories per day. But for some, it is more.


How many people a day currently visit the 2010 Olympic cauldron?

On AVERAGE 285 PEOPLE A DAY 300 000 AVERAGE A YEAR


How many times a day can you be caught on surveillence camera in London?

The average Londoner is caught on film about 300 times a day


What is the average amount of coffee consumed daily in the United States?

The average American drinks about 3 cups of coffee a day which equates to about 300 million cups a day.


How many questions does the average 5 year old ask in a day?

200-300 around that.


How many sunny days in a year for Wyoming?

On average, there are 236 sunny days per year in Cheyenne, Wyoming.


What is the current average interest rate for a home equity loan?

The most recent average interest rate (as of 6/05/13) for a home equity loan is 6.09%. Let it be noted that this rate changes every minute, hour, day, and month.


How many pounds of fecal matter do you excrete every day?

There is no definite answer, but the average for a 300 year-old man is about 28 pounds per day.