Don’t fall into a Payday Advance TRAP.
After obtaining a loan make sure to budget yourself accordingly so that you don’t default on the repayment day. Incurring additional fees will be readily applied if you cannot make the payment. Each time a withdraw attempt from your account is made by the loan company and there are no sufficient funds, you will repeatedly be charged that fee.
Payday Advance loans rates are usually of $25 per $100.
When you borrow $500 at this rate you will be expected to pay an additional $125, bringing your grand total to $625.
If this total is not in your bank account when the financial company attempts to charge it, you will then own another additional fee of $125. Your total now becomes $750. So, you must budget accordingly if you don’t want this to happen to you.
Another way is to ask for an extension, also called rollover. Most payday loan companies offer this feature for a cost. It will be far more favorable than the penalty of the full fee.
You don't solve money problems with money! - Dr. Phil McGraw quote.(Dr. Phil Show on NBC television.)
Be assured that it gives much more pain to the mind to be in debt, than to do without any article whatever which we may seem to want. -
Thomas Jefferson quote.
Return from Payday Advance to Home page.
Copyright © 2006 Consolidate-Credit-Card.net - Cash Transfer World - All Rights Reserved.
DISCLAIMER: The law will vary depending on your state, jurisdiction and the specifics of your case. The information provided by Consolidate-Credit-Card.Net is intended for educational purposes only. All the content on this website should NOT be considered professional advice or a substitute for professional advice. For such services, we recommend getting a free initial consultation by a licensed debt counselor in your state.