cheapbag214s
Joined: 27 Jun 2013
Posts: 16004
Read: 0 topics
Warns: 0/5
Location: England
|
 Posted: Mon 17:16, 19 Aug 2013 Post subject: What can I purchase with a Payday Loan |
|
|
What can I purchase with a Payday Loan,[link widoczny dla zalogowanych]
A payday loan is as good as cash,[link widoczny dla zalogowanych]. The
lender doesn care what you spend the money on as long as you pay off the loan according to your agreement. Saying that,[link widoczny dla zalogowanych], there are some obvious purchases I would rule out.
A payday loan or a cash advance is a personal loan that lenders issue for you to make purchases or pay debts that otherwise couldn wait until your payday or until you had the money to pay for them. The lender doesn care when or how much your pay check is,[link widoczny dla zalogowanych], all they care about is that you repay your loan according to your agreement.
Payday loans are small amounts ($100-$1000),[link widoczny dla zalogowanych], short terms (usually 15-30 days) and extremely high interest rates (300-850% interest).
So you go to the payday loan or cash advance store,[link widoczny dla zalogowanych], they agree to pay you $XXX without a credit check and you agree to pay it back plus the interest they charge. Because the interest is so high,[link widoczny dla zalogowanych], it wouldn make much sense to make purchases that are not time sensitive. If there is a new pair of sneakers coming out then it may be a good idea to wait until you have the cash flow to cover the expense. If you need to eat and don have money for food then consider a payday loan. Below are some other good uses for payday loan cash.
Good Usage
Pay for rent
Pay for electricity
Pay for transportation
Pay for food and water
Pay for baby goods
Poor Usage
Pay for clothes
Pay for alcohol
Pay for concert tickets
Pay for credit card
Pay for a car
Yes,[link widoczny dla zalogowanych], it is likely the payday loan has higher interest rates then your credit card. Be sure to check but if you considering taking out a personal loan to pay off your credit card be sure the interest rates of the personal loan are lower than your credit card interest rates.
Ultimately be smart,[link widoczny dla zalogowanych], consult with a debt counselor and ask friends and family what their experiences are with payday loans or any personal loans for that.
more Q sessions like thisCan I get a personal loan to pay for my car?What is a Cash Advance Loan?Where can I get a personal loan?What if I Can't Pay My Payday Loan?What is a Payday Loan?When I get a Personal Loan,[link widoczny dla zalogowanych], does the Lender send me a check I can cash?Can I consolidate my debt on a credit card?What is a Personal Loan?What is the difference between a Personal Loan and a Personal Line of Credit?Why are Payday Loan Interest Rates so High?How Can I Get Cash Fast?
相关的主题文章：
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
The post has been approved 0 times
|
|
FAQ
Search
Memberlist
Usergroups
Galleries
Register
Log in to check your private messages
Log in
