Have you ever used a cash advance Payday Loan?
Pat asked:
If you did, what was your experience like and were the fees or interest high? Need advice fast please!
3 Responses to “Have you ever used a cash advance Payday Loan?”
If you did, what was your experience like and were the fees or interest high? Need advice fast please!
The rates are always high…it can be 500% or more.
Mann, those companies are always ripoffs. They stink the high heavens. I will never get another loan from them again.
Never ever use those agencies – I did once and I had to pay back $99 on $200 – which then put me BACK in the whole… I mean I guess if you are in desperate need it is ok – as long as you pay it back in FULL the very first payment… if not, they make you pay the finance fee again each pay check – they are more than HAPPY to let you "TAKE YOUR TIME" to pay them back…
The good thing, however, is they don't report to any collection agencies – I actually read an artical they cannot report you to the credit agencies – because they use "LOAN SHARKING" methods – They will hound you until next century, but you will never see a payday loan default on your credit score.
STAY CLEAR – if you can… good luck to you…