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in Metro Manila Phillipines

2006-12-31 23:19:26 · 4 answers · asked by joey 1 in Business & Finance Credit

4 answers

I encourage you to be very careful when dealing with these sort of loan sharks. The most common thing U see on credit reports is payday loans. So many good people just needing to make ends meet take these out and then something comes up and are not able to pay the whole amount back when due so then they apply for an extension. Their original balance turns into a balance plus 600% interest . These are considered secured debt and really most of the time they have little or no mercy if a problem arises. I have seen a 250$ loan turn into 2,500 in a matter of 30 to 60 days. If you take out a payday loan be prepared to pay anywhere from 25 to 45 $ for every 100 that you borrow and make sure you pay it back no later then 14 days after accepting it. Good Luck and be ware!
Kourtnie D
Debt Analyst
The E.d.A. Group

2007-01-01 02:09:14 · answer #1 · answered by Kourtnie D 4 · 0 0

It's a trap that you don't want to get into. If you don't have the money this week your not going to have it in a week. avoid it at all costs. the interest is normally too high. 30 dollars or more to borrow 150 dollars. That's too much.

2007-01-01 07:22:33 · answer #2 · answered by krzylove 3 · 1 0

Try this site.

2007-01-01 08:12:34 · answer #3 · answered by Anonymous · 0 0

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