Has anyone ever used an online pay day loan service?
Yes, I have previously.
1. Read the fine print and what you will be agreeing to
2. Ask any questions on things you don't understand
3. Take notice of the fees. Some will charge you a fee for every transaction they make (upwards of $50).
4. Make sure you can cover those fees + the weekly/monthly cost.
3. Print out everything and write down what you can when you speak with people over the phone (name,date/time, call reason).
I consider payday loans an ultimate last resort, and other options to be much better; but the option is there for a reason/ they help in times of extreme need.
Please be careful!
Dawn is correct. Please be careful. Payday loan companies are there to make money off of you. They really don't care about your circumstances. They will hit you with all the fees that they can! If you figure out the actual annual percentage rate, some companies charge well over 100%. These companies make loan sharks look like choirboys!
I haven't used the online ones, but I have used one of the many in the town where I live. I never had any problem with them. The trick is to borrow no more than you know you can comfortably pay back out of your next pay check and still have enough left to cover the basic expenses that you have to pay out of the check. Yes, they do charge a lot for interest, but if you only need $50.00-$100.00, I don't think you will find another lending institution that will lend you that little and especially if you have bad credit. When I hear of people that have got into trouble using these places, I figure it is because they haven't used their heads. It has been several years since I used one of these companies, but at the time I did, they charged about $17.00 for a $100.00 loan, and to me it was worth it. You have to weigh the pros and cons.
I would not advise anyone to use those loan sharks!
Do not use these services!! The best advice my father ever gave me was "learn to live on your own income, not someone else's" It's hard and nearly impossible sometimes but do not make someone else rich at your expense, it is not worth it and you will always be enslaved, it's hard to get out of relying on those services. Go to discount food stores, goodwill for clothing and furniture or garage sales and swallow your pride when it comes to getting what you cannot afford. If your ex owes you for support go to the prosecutor's office and if you can, ride to work with a friend. Good luck:)
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