some place called cash1 and it says that since you're a first time customer your first loan is free.
2007-11-20 05:07:30 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
I dont know. Honestly. However I would do alot of checking into it, just make sure!
2007-11-20 06:36:25 · answer #1 · answered by Amanda 2 · 0⤊ 0⤋
Sure. I know of a few payday loan places that offer first-time customers 'free' loans. The first payday loan you take out with a particular company, may waive any misc. fees associated with getting the loan. Although, the next loan will cost you. And the interest is outrageous!
Payday loans are a vicious cycle, don't do it if you can. Once you start is hard to stop.
2007-11-20 15:13:31 · answer #2 · answered by Celeste 6 · 0⤊ 0⤋
Hi there,
If it looks too good to be true - it probably is.
Choose carefully who you trust your information to and confirm this businesses regulatory requirements are within provisioned legislation for the cash industry they operate in.
You can quickly do this by visiting:
www.creditcode.gov.au
Uniformed Consumer Credit Code website.
Best O Luck!
2007-11-23 16:25:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Define "Free".
Most personal/payday loans have multiple fees (ie Application fee, interest, late fee.....etc.)
My guess is that they wave a small fee upfront but still collect plenty of interest.
2007-11-20 14:48:48 · answer #4 · answered by Wayne Z 7 · 0⤊ 0⤋