Tips For Getting and Repaying a Payday Loan in 2019

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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, it's 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 it's 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.

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Payday Loans In The News

Payday lender's collapse to hit borrowers

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Popular cash advance app Earnin operating in payday loan "gray area,' critics claim

AJ Smith knows all about folks owing money. After all, he's a debt collector in Las Vegas, the gambling capital of the world. So last March, when Smith downloaded Earnin, an app that fronts workers ...

Published:  Thu, 21 Mar 2019 19:43:00 GMT



Judge won't let Overland Park payday loan lawyer out of prison while he appeals case

Elliott J. Clark, 65, of Kansas City, MO, spent five years caught in the debt trap of payday loan interest when his wife's broken ankle began his high-interest cycle trap. By Tim Muir, an Overland ...

Published:  Thu, 28 Mar 2019 10:14:00 GMT



Payday Loans are Bad for Your Health, Study Says. Springfield Residents Share Stories

SPRINGFIELD, Mo. -According to a recent study, payday and car title loans can make you sick. Literally. Just ask Patricia Reynolds and Barbara Burgess. The two Springfield women say years of stress ...

Published:  Mon, 25 Mar 2019 05:10:00 GMT



Successful UK Payday Lender Western Circle Limited Begins Offering Personal Loans Online

LONDON--(BUSINESS WIRE)--Western Circle Limited has made a name for itself by offering responsible payday loans online. Their decision to branch out into the personal loans market through the new ...

Published:  Wed, 27 Mar 2019 22:13:00 GMT



The Trump administration says hooray to payday loan debt traps

One of the Obama administration's signature consumer-protection actions was to write a long-awaited, badly needed set of rules for payday loans that the Consumer Financial Protection Bureau issued in ...

Published:  Fri, 08 Feb 2019 03:31:00 GMT



Consumer Protection Bureau Cripples New Rules for Payday Loans

Payday lenders won a major victory on Wednesday after the Consumer Financial Protection Bureau moved to gut tougher restrictions that were to take effect later this year. The industry has spent years ...

Published:  Thu, 07 Feb 2019 07:02:00 GMT




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