Which is the best payday loan where I don't have to pay it all back at once.
2006-09-16 04:27:17 · 12 answers · asked by SXXINEZZ 1 in Business & Finance ➔ Personal Finance
Thinking of a loan? consult with your credit union bank or friends- and pay them back!
2006-09-16 06:30:29 · answer #1 · answered by Ramesses V 3 · 0⤊ 0⤋
Avoid them at all cost. The fees are outrageous. It is a trap because each month you will need to make another advance loan. Don't do it.
Instead, change your lifestyle. Reduce your expenses for a month and you will be fine. You can live without a lot of things and be fine. Eat rice, beans and bread for a month. No ice cream, coffee, toys, hair cuts, etc. Then slowly add things back once you can afford them again.
Get a second part-time job if necessary. Anything is better than getting hooked on payday loans.
2006-09-16 04:28:58 · answer #2 · answered by Plasmapuppy 7 · 2⤊ 0⤋
a payday loan has to be payed back in full on payday, hence the term. Rollovers ( where you can borrow the money back) are illegal in many places, and the more reputable places such as money mart don't allow them anyway. If your in the position where you need a payday loan of that size, it might be time to seek out a non-profit credit counselling organization.
2006-09-16 04:34:27 · answer #3 · answered by disguys_dalimit 2 · 2⤊ 0⤋
Collect aluminum cans instead. Getting a payday loan is like getting screwed by someone you don't know without being paid for it.
2006-09-16 06:32:02 · answer #4 · answered by united9198 7 · 0⤊ 0⤋
There is no such thing as a payday loan that is good. They are all scams. They suck you in and it's like trying to get out of quicksand with the fees and interest they charge. DON'T DO IT!!!!
2006-09-16 04:35:05 · answer #5 · answered by ceprn 6 · 1⤊ 0⤋
There are no good payday loans, they are all rippoffs
2006-09-16 04:47:30 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Do not use payday loans.
2006-09-16 04:34:37 · answer #7 · answered by suz' 5 · 2⤊ 0⤋
A friend of mine got mixed up with something like that and had to declare bankrupt
2006-09-16 04:29:29 · answer #8 · answered by celine8388 6 · 2⤊ 0⤋
Stay away from all of them they charge way too much intrest!
2006-09-16 05:00:23 · answer #9 · answered by sarge 2 · 0⤊ 0⤋
None, all of their interest rates are too high.
2006-09-16 05:13:13 · answer #10 · answered by wisechineseguy 3 · 0⤊ 0⤋