Ever use one of those CHECK places that hold your check until payday?

Question

ANY idea what the fee was and what you had to bring in to be approved for it?

Answer 1

Payday loans will eat you alive with interest. It is worth doing. All you need is a recent pay stub and proof of checking. But they will get you unless you only do it once or twice.

Answer 2

Generally, if you have been employed for one year, you don't need to provide anything but some personal id and a recent pay stub. The interest rate is quite high; however, it can be an effective form of financing, should you not have any alternative. My recommendation, should you be in the US, Australia or Canada, Money Mart, as they do have the lowest interest and fees. You would also need to have a valid checking account from a reputable bank. You'd need to provide a statement from the bank to prove this, and take a blank check with you.

Answer 3

Nope, the % rates are obscene . . .
It is the uber fast track to permanent poverty.
The last town I lived in banned them for loan shark rates.
Better to beg from a family member or live off bread and water .
Worst thing a person short on $$$ can do is flush a big chunk down the toilet on a payday loan

Answer 4

The APR works out to 500%+. A $400 loan with a payback of $460 in 2 weeks.

RUN FAST.

Answer 5

You would need a recent pay check and it will be expensive. Wish I had a way to donate to carry you over till payday

Answer 6

They are basically like loan sharks, don't deal with them..25% interest if you don't pay them back w/your next paycheck...all you need is proof that you have a job!