Or any of those "no credit check" loans for that matter?
2007-10-23 16:05:09 · 3 answers · asked by penance 1 in Business & Finance ➔ Credit
no, they charge you high interest rates! lol
2007-10-23 18:47:25 · answer #1 · answered by ★→Damian←★ 4 · 0⤊ 0⤋
Payday loan. RUN AWAY!
The interest rate is in the 600% neighborhood. They don't do credit checks because you give them access to take the money out of your bank account. You also agree to let them garnish your wages if you don't pay.
Take one loan and you'll be short next payday and have to extend. Next thing you'll be taking out another payday loan and another. Before you know it you've dug yourself a very dep hole.
Find some other way to get the cash. Have a garage sale, sell blood, collect alum cans, get a second job. Worse case scenerio, pay a bill late. The late fee will be a lot cheaper than those interest rates.
2007-10-23 18:37:12 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
NOOO! Sure they will lend you the money, but they will charge you outrageous interest rates equivilating to between 300-500% annually.. no joke.
2007-10-24 03:10:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋