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| *Loan,banking and credit>>>cash loans |
Loan or Cash/Payday Advance?? |
Which is better, to get a loan or one of those Payday Advances? I only need about $200, but I only make about $100 a week, so I would need a couple of weeks to pay it off...what is the difference between a loan and a payday advance? Thanks in advance! Avoid those payday advance places, they charge interest that would make the mob blush ... when you say a loan? you mean from someone you know? $200 is too small amount to get a loan from most places ... if you have a credit card, you can advance yourself money via paypal - when they ask the reason at PAYPAL, do not click on CASH ADVANCE - that rings a bell with the credit card comapny - just say you're paying off a non ebay auction (ebay owns paypal). be sure with either, its a low interest loan. some companies can charge up to 300% monthly on your loan. Depends...where would you plan to get a loan? Most loans are for huge amounts and are backed by a mortgage; I don't know where you would get a small loan, but I suspect that that's why payday advance companies were set up. If you need that small amount perhaps you can stall your purchase for a while till you can pay for the item. People use payday advance because it's convenient but the interest rate is huge and is made huge and difficult to repay by the company doing the loans so people will keep paying and paying. Loans are harder to get but yet cheaper. They are usually more for long term payments. however I don't see why a bank would not give you one if you qualified. apr's depend on credit. but are usually less then 20% Payday advances you usually just need a checking account. You give them a signed, post dated check and then on payday you deposit your pay check and they cash the check. The interest rates on a payday advance are outragous upto a 200% apr. Personally I would stay as far away from a payday advance as possible. Many states are beggining to question on if they should be more regulated and they usually just make even bigger financial problems. If its something that could be paid of quickly I would probably put it on a credit card. Intrest will be higher if you only pay minimum balance every month However, It will be lots cheaper then a payday advance. However, if you can have it paid off by the the due date on your billing statement there is no charge. Well Check N Go, or Check into cash are good places to use. I recommend CHeck N GO. You borrow 255 dolars but have to pay 300 2 weeks later. I think you should have both of your moms help you out. Don't get a loan from the bank, interest fees will kill you and put you in debt more. You are doing fine, after everything clears, do not lend out anymore money, just continue to deposit to pay your fees. loans and payday advances charge high interest and can take a long time to pay off. My friend she goes to the check cashing places but she always pays them off on the 1stor 3rd her husband gets 3 big checks from Veterans disabilty he's 100% disabled as a result of being exposed to Agent Orange in Vietnam. |
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