I think whatever, if you are self-disciplined and you know what you want and what you do not and expend thoughtfully, you would not get into this kind of situation in the first place.

I used one of those Pay loans once, and will never do it again. I think what they charge is outrageous. I think they make it so easy for people that people get caught up in it.It is really sad they can get away with this.

Some people simply don't care. My brother use to have a sporting goods store. Guys would come in and buy a new gun in the fall for full price - use it for hunting season and then sell it back to him at a greatly reduced price in the spring so that they could use that money to go towards a new fishing reel.

That's why businesses like this can exist.

I think any kind of loan can be tackled if it is used correctly. you have to judge when you need it the most and how early can you pay it back.

People often feel the need of taking money through loans to settle their urgent needs. But the fear of being charged a very high rate on the loans gives them a discouragement and they back out from it. Such borrowers can now take up money through cheap payday cash advance so as to fulfill those urgent needs.


Borrowers may get money for their needs which are personal; basic or luxury nature depends on the personal wish of the borrower. They may require it for urgent car or home repairs, getting a new home appliance, going for a short road trip, a visit to the adventure park, paying their prior bills of electricity, gas or grocery etc.


Through these loans, the borrowers can take up money for their needs at strikingly low rates. The money may be taken up easily by them by a bit of research and comparison that they can do through the online mode. They can compare the loan deals that are offered to them online and take up the most suitable deal.


The borrowers can get an amount in the range of $100-$1500 for their needs and the money is transferred to the borrower’s account in less than 24 hours. But this can be done only when the borrower fulfills the criteria of eligibility that are laid down by the lenders. The borrowers have to have a regular employment and place of residence since the last few months. He should be an adult citizen of the US and having a 6 month-old bank account in his name.


The money is to be repaid by the borrower on the day his next payday arrives. The money is automatically deducted from his account when the next salary amount is deposited in it. The term of these loans is 14-31 days. Bad credit borrowers can also take up these loans for their needs.
Through cheap payday cash advance, the borrowers can get a part of their next pay as an advance that will help them in curtailing problems of the future.

andylewis wrote:
AND
Okay, Mr. andylewis, if someone takes a $1,000 cheap payday loan for 30 days how much do they have to payback?

I'll go out on a limb and guess $1,100.
Please correct my math if I guessed wrong.

Let see 10% of $1,000 is $100.
Hmmmmmm, what's the annual percentage rate?

Only a 120% That's not exactly cheap.

You say:
Which money has to be repaid?

The whole $1,100 representing principal and the 120% APR rate charge,

or,

at cheap payday loans would you be so kind as to let the borrower pay you ONLY the $100 fee and pay back the principal with ANOTHER 120% interest charge 30 days in the future?

I'm just curious.

__________________
Gary Spicuzza, *SAFE
Copyright 1956
No Rights Reserved
*Self Appointed Financial Expert

andylewis,

Please answer my two (2) questions.

1) If someone takes a $1,000 cheap payday loan for 30 days how much do they have to payback at the end of the 30 days?

2) Would you be so kind as to let the borrower pay you ONLY your fee and pay back the principal whenever with ANOTHER interest charge 30 days in the future and so on and so forth?

__________________
Gary Spicuzza, *SAFE
Copyright 1956
No Rights Reserved
*Self Appointed Financial Expert

Anytime you see someone leave a payday loan office, look for the big S on their forehead.

But don't worry...if you have trouble paying back your 120% cheap payday loan.... Uncle Ben, Aunt Hillary, Obamaman or McCan't will be along to kiss you good night and tuck you in and pay for your boo boo with other people's money and make you a slave to their system.

__________________
Gary Spicuzza, *SAFE
Copyright 1956
No Rights Reserved
*Self Appointed Financial Expert