Is it cheaper on the web or at an actual store?
2007-10-21 05:23:43 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
You can get some decent rates on the web, and its easy to shop around. This site has a few companies listed -
http://nofax-paydayloans.org/
Make sure to pay the whole loan back when its due, or the costs shoot up.
2007-10-21 14:18:04 · answer #1 · answered by Suzie 2 · 0⤊ 0⤋
There is no such thing as best when you talk payday loans. There's only bad and worse. The interest rate is something like 600%. They require you to give them a post dated check or access to withdraw from your bank account. You also sign to authorize them to garnish your wages.
If you're short this week, you'll be even shorter next payday when you have to pay that ridiculous carrying fee. Before you know it, you'll be taking out another payday loan to pay the interest on the first payday loan.
Do without whatever you think you need this payday loan for. Find some other way to get the cash. Pawn something, have a garage sale, sell blood, collect alum cans, get a second job. If you have to, pay something late. The late fees would be less than the interest on that payday loan.
Payday loans are illegal in some states.
2007-10-21 06:03:05 · answer #2 · answered by bdancer222 7 · 2⤊ 0⤋
Absolutely no good place to get a pay day loan. They are a rip off.
2007-10-21 10:56:45 · answer #3 · answered by Clown 3 · 0⤊ 0⤋
I did it one time when I had an emergency, high rent, high carpayment and no money. I used a payday lender in my town, a reputable family-run company. It was expensive, but considering the emergency, it was worth it. I was glad the service was there.
2007-10-21 07:01:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
All payday places are expensive. You may want to look at this site as a borrower.
http://www.prosper.com/join/heyhobbs
2007-10-21 07:34:03 · answer #5 · answered by Gary 5 · 0⤊ 0⤋