Your Questions About Payday Loans Online Lenders
December 8, 2011 by Loans Guide
Filed under Payday Loans
Michael asks…
Has anyone had experience with 90 day loans?
Ive been trying to get one, because Ive just moved and the electric company is charging a huge deposit to have it turned on, and I dont have the money for it. Im unsure of who to go through, I would really like to do it online because I need the money deposited as fast as possible. Every application site Ive gone to turns out not to be a lending company, but the middle man, and they send me to 3 others who also are not lenders. My credit is not good, so I cant get it through a bank,although I do have a checking account. Also, I would prefer a 90 day loan so I could pay it off more gradually, as I am not sure I could do it in the two weeks that payday loans give you. If anyone could tell me some advice, or experience, or a good site that would be so great!! I need power! Thank you.
Loans Guide answers:
Those short term loans are not a good deal. It would make more sense to get a credit card with a zero % introductory rate ( usually for 6 months). It would cost a lot less).
Http://creditcardgoliath.blogspot.com/
Thomas asks…
Need an online cash lender?
Looking for a small loan – I think a pay day loan will work as I can repay it when I get my next paycheck. Is there any online payday advance company with reasonable rates?
Mark asks…
Can anyone get a payday loan?
I have seen the sites online and it looks pretty easy to do, but I don’t really trust online money things. I’m getting ready to take a vacation and would like to get the money to take with me….and they seem to do it pretty fast. Anyone gotten one before? I did find one through a reputable lender but i’m still kind of wary.
Loans Guide answers:
Please don’t do this. They will charge you such a lot. It isn’t worth you wasting your money. You are right to be wary, regardless of if they are online or not.
David asks…
I NEED CASH FAST! DO YOU KNOW A EASY PAY DAY LENDER?
IM A SINGLE MOM, I WORK PART TIME… AND I NEED A PAYDAY LOAN LIKE FAST
I DONT HAVE TIME TO FAX NOTHING…
DO YOU KNOW ANY LENDERS ONLINE, THAT ARE EASY TO GET A LOAN THROUGH?
PLEASE LET ME KNOW!
Loans Guide answers:
Shylock.
Linda asks…
What is the statute of limitation in California for a payday loan default?
I have a payday loan that I was unable to repay due to termial illness and other factors, including reduction in income, and an IRS garnishment in addition to having been evicted from my home. I need to know what the statute of limitation is under which I might be sued. The lender is not woking ith me at all, in fact they claim that I wrote a check to them that was returned by my bank, and Im being threatened with prosecution for an NSF check. I never wrote them a check, the entire transaction was done online. My bank also confirms that no check for the amount claimed was ever presented for payment, let alone dishonored.
Loans Guide answers:
In California, the statute of limitations for a payday loan is 4 years from the date of the last payment on the account.
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Tags: Payday Loans, small loan, reputable lender, Statute Of Limitations, checking account, online cash, cash lenderYour Questions About Payday Loan Store
December 3, 2011 by Loans Guide
Filed under Payday Loans
David asks…
Best way to consolidate payday loans and cash store loans?
want to debt consolidate all my payday and cash store loans in one monthly payment
Loans Guide answers:
Bill Richards (the first answer) is NOT a reputable lender. He PROVED that by offering a loan on YA in DIRECT violation of YA Community Guidelines.
If you will NEVER even THINK about borrowing from a payday lender/cash store loan again, see if you can pay them with a credit card cash advance. If you are not PERMANENTLY though with the RIP OFF loans, DO NOT consolidate. You WILL regret the additional debt.
Ken asks…
Why aren’t Payday loan stores illegal?
If I had $100,000, could I write up contracts and open my own payday loan store?
Who is in charge of these stores?
I’m questioning this because they are taking in millions of dollars every year and are taking advantage of the poor and uneducated people.
Loans Guide answers:
Payday loan stores are a hot mess, but they are a place of last resort for those who need cash fast, but lack adequate access to credit.
Payday loan stores are a clearinghouse for the extremely desperate and the extremely greedy capitalist. It is a marketplace — nothing more, nothing less.
I honestly believe that the average poor person who goes to a payday loan store already knows he is in trouble by the time he enters the place.
I think the average poor person knows he is in trouble when he signs the legal documents. But he pushes his reservations aside because his need for cash outweighs the need for financial prudence.
I don’t think the payday loan stores need regulation. I think the poor people need educational courses to learn how to handle money and how to engage in behavioral decisions that simplify their financial life.
Furthermore, I think they need these courses to learn how to say “hell no” to places like payday loan stores, predatory lenders, and spurious used car dealerships.
Richard asks…
Can I get a payday loan from a money store if I only have a savings account?
Loans Guide answers:
Most payday loans require that you have a checking account, though some may have exceptions.
Check to see what the requirements are where you are applying.
Mark asks…
Does anyone know of any payday loan stores in chicago that dont require a bank account?
Loans Guide answers:
No. They take the money out of your account to get repayed. Don’t go to Payday Loans. The interest is out of this world, and you will end up paying $1000 for a $100 loan. It just isn’t worth it.
Donald asks…
Should Payday Loan stores be made illegal in all 50 states?
Only July 1, the state of Oregon passed laws forcing these payday loan companies to treat customers fairly and not charge outrageous interest of 500% or more. Most of the stores left the state. Should the rest of the nation shut down these folks for being legalized loan sharks? or is it up to the borrower to decide where they want to get money from?
Loans Guide answers:
These companies are predatory in practice by charging such exorbatant rates. They claim that they need such overcharges to sustain there business, due to the amount of default loans which they sustain.
However, for people with bad credit, in an emergency, between paydays, who live paycheck to paycheck and who have no alternative to get a short term loan, these companies can be there only hope for help. Yet sadly depite the intentions of their customers, most end up getting in even worse financial difficulties when the time to pay up is due.
So in my estimation, it’s a no win for both sides if we shut them down. The solution, I’m not sure. Ideas ? Better regulation and control of the fees, and on the customer end, allowing loans only periodically, and having an out situation available to those that default.
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Tags: yahoo answers, paycheck to paycheck, Bad Credit, Credit Card, hot mess, Financial servicesGenuine Payday Loan – Most Suitable Option For Immediate Cash
August 4, 2010 by Loans Guide
Filed under Payday Loans
If you’re someone who are troubled from an unforeseen cash flow difficulties and require some cash quickly then you certainly want to obtain the best loan that is available online. Probably the most efficient approach is to obtain several quotes and select the optimal short term loan deal from them is always to make use of numerous sites which are affiliated with numerous genuine cash advance payday lenders. Resorting to this kind of a solution will force the loan providers to compete for you like a potential customer and like a result you may definitely be able to pick the best option out there. I strongly recommend this kind of approach as it permits you to save lots of time and funds when applying for this online payday loan. All these web sites are free to use and to the best of my experience are one of the most convenient technique of obtaining and hold of some fast cash.
There’s a fantastic deal of genuine payday cash loan out there, so it’s essential to know where you look to be able to avoid those who may desire to take advantage of you or basically charge you with higher rates and fees. The greatest method to discover a trustworthy and reputable lender would be to compare different provides prior to you decide to submit an application form. It’s worth to spend some time on review websites and get as numerous quotes as achievable. This will permit you to benefit from low interest rates for this kind of short term loan.
There has often been a require for salaried employees to apply for little and payday cash loans so as to fulfill and pay for unforeseen expenses. This need for an instant credit facility can be simply availed with the approval of the payday loans. It has been a commonly expected credit facility for people who can raise funds for short durations and also for those who can simply repay the amount availed on credit when the next pay check arrives.
Genuine payday advance creditors provide loans that vary from $100 to $1,500. Normally you may be expected to pay it back whenever you receive you following payment. Usually you’re charged about $15 per each $100 you borrow, but in case you compare rates and browse via on the internet provides you are able to definitely discover a much better rate. Should you do not have cash to repay the debt on time there’s no trouble, as the lender will merely extend the payment period till your next payday.
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Tags: Payday Lenders, Business Finance, short term loan, reputable lender, instant credit, cash advance, Personal finance
