There are many online payday loan
companies which claim to offer instant no fax cash loans with little or no
credit required. There are pro's and con's to the borrowing money this way.
This article is about things to remember and realize when you apply for or
receive a cash advance loan.
First things first. To define what a
payday advance loan really is, lets look in to how they work.
A payday is basically the same as
you taking a post dated check to pawn shop. The down side to this is the
interest you are going to pay on the money that you borrow. Things to remember
when you get or apply for payday or cash advance loans:
#1. You are going to have to pay the
loan back. I mean come one, this is a gimme.
#2. You are going to pay them back
more money than you borrowed. Fees vary from lender to lender and from state to
state.
#3. You can extend your loan
payments as many times as your state will allow. What this means is that your
minimum payment will simply be applied to the interest and not the principal
(the amount you borrowed)
#4. No all payday loan companies are
licensed lenders. These types of loans are now regulated by each state.
#5. Beware of SPAM sites and other
identity theft websites that may steal your personal information. You should
make sure that the lender is genuine and the best bet is to go through a direct
lender or bank to get a payday or cash advance loan.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น