I was just wondering if anyone in here had ever gone them places where they let u borrow money. Like check into cash or something like that. Cuz im kinda tight on money and need to pay some stuff.. just like 200$. Not that much. BUt i was wodnering if it's worth goign to a palce like that.
-CHURRO
2007-01-02 01:14:07 · 6 answers · asked by CHURRO 2 in Business & Finance ➔ Personal Finance
There are many different "payday loan" places, and they all have different fees, payment plans, and penalties. Shop around and find the lowest fee with the best repayment plan. If you are able to pay it off in time you will be o.k., but if you are late you may find that $200 dollars costing you more than a thousand by the time you are able to pay it off. When you are late, most places tack the fees on as a loan carrying the same loan fee pushing you further behind and when you can't pay it ALL off by the next date they tack that late charge and loan fee on.... lather.. rinse... repeat. I used to work for a payroll provider and payday loan companies where a majority of the garnishments I had to put in on people.
2007-01-02 01:27:37 · answer #1 · answered by justin h 2 · 0⤊ 0⤋
Don't do it!!! Those places charge very high interest and costs. Over 5 times more than credit cards. If you ever want to build wealth, pay off all debt and never borrow money from a payday loan company!!
2007-01-02 11:15:21 · answer #2 · answered by MR MONEY 3 · 0⤊ 0⤋
Yes. My wife has used the payday loan companies. They are ok if you are in a bind but don't get behind in paying them. The fees are not that high but try to pay them down & get rid of them as soon as you are able to.
2007-01-02 09:17:22 · answer #3 · answered by Diaper Delivery Services 3 · 0⤊ 1⤋
This is right place to borrow money visit http://www.freewebs.com/***********
2007-01-02 13:14:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yes i have, but be careful which one you use because they charge a lot for doing it.
2007-01-02 09:46:59 · answer #5 · answered by ronald r 3 · 0⤊ 0⤋
NO!!!!! You will get screwed. trust me man..its a bad bad bad business.
2007-01-02 09:22:09 · answer #6 · answered by Anonymous · 1⤊ 0⤋