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Payday Loans Offer Fast Cash When You Need It

Fast Cash Payday Loans vs Traditional Loans

Payday Loans FAQ

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Payday Loans and Your Credit

Tips for Getting and Repaying a Payday Loan

 

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Tips For Getting and Repaying a Payday Loan

Whether you're considering applying for payday loans or are currently attempting to repay one, the following tips are designed to help you get the fast cash that you need or repay your lender without further delay.

When applying for payday loans, you can help the process to move along more quickly by having the necessary information available for quick reference. This may include your checking account information, your income and the contact information for your employer.

If you are thinking about applying for payday loans, make sure that the fees are spelled out clearly. Avoid a company that is vague or will not directly answer your questions regarding costs associated with a cash advance.

If you want to avoid additional fees, paying off your loan quickly will help you to accomplish this goal. You can save money for repaying your loan by clipping coupons, packing your lunch instead of eating out and selling some of your household items on eBay or Yahoo auctions. Getting creative by saving or earning money where possible will lead you toward financial and personal freedom in no time.

When applying for payday loans, itís important to request only the money that you need. The reason is because you will be charged a fee that is based on the loan amount, which is why itís essential that you use only what is necessary and repay it as quickly as possible.

Payday loans often provide cash within 24 hours, which means they are ideal for having access to fast cash for unexpected emergencies.

When it comes to repayment, the most common option used is an automatic debit from your checking account. In some cases, you may be asked to write a check to the lender, which will then be cashed on the agreed upon date unless other arrangements are made.

If you have applied for one or more payday loans and they are continuing to roll over due to your inability to repay them, there is still hope. You can always take out a cash advance on a credit card to repay the loan. This is especially helpful if your credit card has a 0% introductory APR or a very low fixed rate, which will stop the payday loan fees from accruing and will also help you to get the debt repaid much faster.

Payday loans do not typically require a credit check, which means your past credit history will not be a factor in determining the status of your application. You must, however, have a steady job and regular paycheck in order to qualify for payday loans.

Because a credit report is not usually a part of the payday loans process, future lenders will not know that you ever applied since the loan will not appear on credit reports.

ICICI Bank plans payday-type loans in pact with e-tailers

ICICI Bank will announce partnerships with e-commerce firms, following which buyers on the site will get a 'pay later' optionMayur Shetty | TNN | September 18, 2017, 10:35 IST In a first of its kind for India, ICICI Bank will partner with e-commerce firms ...

Published:  Sun, 17 Sep 2017 22:14:00 GMT



B.C. orders insurer to stop sales of credit insurance with payday loans

B.C. regulatory agencies have sanctioned insurance firm Western Life Assurance for failing to effectively oversee two payday lenders that used high-pressure tactics to sell credit insurance to their clients. In a joint announcement Wednesday, the Financial ...

Published:  Wed, 20 Sep 2017 23:29:00 GMT



Opponents sharpen knives over impending U.S. payday loan rule

WASHINGTON (Reuters) - Lobbyists and Republican lawmakers are gearing up for battle over a new U.S. regulation that is likely to dent profits in the $6 billion short-term, high-interest "payday" loan industry. The Consumer Financial Protection Bureau (CFPB ...

Published:  Mon, 18 Sep 2017 09:18:00 GMT



Cash Advance: How to Make the Most out of a Payday Loan

Taking out a payday loan from a company like American Cash Advance and Title Loan lets you get a cash advance against your next paycheck. Many lenders actually let you take out a loan for longer too and give you one free period before you need to pay off ...

Published:  Wed, 20 Sep 2017 10:52:00 GMT



$2B Payday-Loan Hustle Hid Behind Tribes, Gov't Says

Law360, New York (September 12, 2017, 10:54 PM EDT) -- Federal prosecutors went to trial Tuesday in Manhattan federal court against a racecar driver and a lawyer who allegedly stole $2 billion from consumers in a loan-sharking operation that the two ...

Published:  Tue, 12 Sep 2017 20:04:00 GMT



Offer payday loans as an employee benefit, this start-up says

For the past year and a half, Doug Farry has met with city councils, chambers of commerce and corporate human resources managers, telling a hard truth: Many workers live paycheck to paycheck and sometimes turn to payday lenders to get by. He's not trying ...

Published:  Wed, 22 Jun 2016 03:23:26 GMT



Lenders and borrowers finding way around Colorado payday loan reforms, research finds

Colorado passed groundbreaking reforms on payday lending in 2010 that were held up as a national model. But a group that opposes abusive lending tactics says borrowers and businesses that make the high-interest loans increasingly are maneuvering around the ...

Published:  Thu, 03 Aug 2017 18:48:03 GMT



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