answersLogoWhite

0

It means that the company will give you a small loan on condition that you pay this back in a short amount of time without checking your credit rating. Basically because the people that uses these companies are desperate for money they can charge whatever interest they like. Typically the interest rate can stretch well into 4 figures if over a year. Steer well clear!

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What happens if a check bounces to a payday loan store?

Nothing what u mean nothing


Where can people get a loan even with bad credit?

Just because you have bad credit doesn't mean you cannot get a loan. There are many places you could go to get a loan such as, Springleaf Financial Services, First choice Capital Resources and Ideal Payday.


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.


What does it mean to have a loan withdrawn?

Denied a loan; or depending upon the wording, borrowing on a loan...such as revolving credit...a credit advance.


What does it mean when people get long term payday loans?

A long term payday loan refers to when the customer has more time to pay off the loan. Generally the interest rates on the loan will be much higher on a long term basis. Long term payday loans are not very common due to the high repayment interest rates.


What does Loan mean when you loan money to someone?

Loan means credit when you loan to somebody giving that somebody credit. You are the loaner and the person given credit is the Lonee. Loaner is the lender and the Lonee is the borrower.


What exactly does payday loan lenders mean?

A payday loan is a loan for the amount of time before your payday. In other words, if you get paid on Wednesday, you can get a somewhat smaller amount of money on Monday and then give up your paycheck to cover the interest. It is generally a bad investment, and you should just wait the next few days unless you need the money for an emergency.


Do you have to pay anything upfront for a payday loan from payday first?

No, you do not have to pay an upfront fee - and you should never pay an upfront fee in order to secure a loan. All Payday lending is an expensive form of borrowing. Sometimes though, it can mean the difference between paying an important bill and not being able to pay it.


What does it mean to get a shop a check loan?

A check loan is a loan received by check. For a shop to get a check loan, it means that the shop loans money through checks or just a single check transaction.


What is mean by credit approval?

Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.


Can I get a loan without giving my credit score?

No, you can't get a loan without the bank checking your credit score. But just because you have a low credit score, this doesn't necessarily mean you can't get a car loan. You may just get a loan with a higher interest rate.


What is mean by approval?

Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.