i make a nice paycheck and i only need 600 of it now are these things safe and easy? im just worried that there are more fees than they say and i want to know if anyone had any issues or anythign with these type of loans?
2006-07-05 03:42:55 · 7 answers · asked by toolate 3 in Business & Finance ➔ Personal Finance
The fees and interest they charge is ridiculous. Don't use them because it could start with you always running behind trying to pay them off...
2006-07-05 03:46:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My advise is not to use them. Once you start doing that you may find yourself unable to stop using them. If you need the money now, they will give you money now and then you will have to bring your paycheck to them when you receive it plus whatever the fees are. But what happens when you need your check and you've already promised it away. It will become a vicious cycle and in the end you will pay more for not wanting to wait. My advise is to wait until you get paid, cash your check and make do with what you have.
2006-07-05 10:49:19 · answer #2 · answered by donanana 2 · 1⤊ 0⤋
They're your basic loan sharks. A friend of mine got them and she used to get into a lot of trouble. The interest rates are extraordinarily high and just like your avg bill collector, they will bug you until you pay them back (especially on payday, b/c you have to give them that info). You're better off putting away your own money and saving it then using a credit card or using a payday loan.
2006-07-05 10:57:38 · answer #3 · answered by King H 6 · 1⤊ 0⤋
Have not had any experience with them but they are a rip off. There are fees and your paying interest on your own money. Don't get caught up in this it will put you behind and then you will have to continue going back for more.
2006-07-05 10:47:54 · answer #4 · answered by Brian G 2 · 1⤊ 0⤋
I used to work for one of those places...
over all its a scam..
They charge so much interest.
Most people get caught up and they never pay off their loan.
Every pay check they just get a loan, pay it off the next week, and the same day take out a nother loan...while we would keeep charging fees.
If you can avoid it...
Dont do it
2006-07-05 10:47:12 · answer #5 · answered by ? 3 · 1⤊ 0⤋
I used to work at one and yea they are pretty safe, at the one i worked at you had to start at borrowing 100.00 and work your way up to 300.00 the max you could borrow was 300.00 and to get to 300.00 you have to go up 50.00 every other time, so you would borrow 100.00 the first 2 weeks( pay period) then after that another 100.00 and you would have to do the same for 150.00, you couldn't just walk in and borrow 300.00 on the spot, but places are different, you'll have to pay a fee to borrow, to borrow a 100 you would have to write a check for 115.00 so it was a 15.00 fee, to borrow 300 you have to pay 45.00, oh and you have to have a bank account that doesn't show a lot of returned checks, but anyway you have to write them a check for the amount and they hold your check until your pay day, i 'm sorry if this is little confusing, you can e-mail me at jessie552001@yahoo.com if you have any questions, but yea they are very safe, we would shred or file all of our clients personal information, it never left the office, ( never work in one of those places, they are horrible) if i was you though i would just save my pennies and instead of paying to borrow money, alot of people who go to those things are nasty too
2006-07-05 10:53:40 · answer #6 · answered by AFwife 4 · 0⤊ 1⤋
I used Check N Go and never had a problem.
Great service and excellent staff at my store.
One problem, if you are on a limited budget, its easy to get an
advance, but so hard to not use this service. You start depending of it, and sometimes that is not good.
All in all, Check N Go is recommended by me if you need it.
And, NO, i do not work there !
2006-07-05 10:52:01 · answer #7 · answered by babo02350 3 · 0⤊ 1⤋