The Payday Loan Truth
Payday loan offers are everywhere, so what is a payday loan? And how do they work?
What is a Payday Loan?
Payday loans can be expensive, which means that people who use them should do with thoughtfulness and be able to pay the amount that they have borrowed back sooner rather than later. The term of these loans is quite short so the cost of borrowing is high. The borrower will usually provide the lender with a pre-dated check or debt authorization.
How Does it – Read more
Personal Loan Offers
Here is a look at some personal loan offers.
With the Lending Club you are able to get a loan amount of $10 000. The APR estimate is between 7.75% – 8.99%. The estimated repayment that you will have to make is $312.
With this loan you are able to pay down your credit card or pay them off. You have the chance to make one low monthly payment that is fixed. You are able to build credit whilst you pay down your debt and the process is easy – Read more
Problems Paying Back a Payday Loan
If you are struggling to pay back your payday loan then there are ways that you can tackle this problem.
Contact Your Payday Lender
If you find that you need help with a payday loan then just know that you are not alone. It is important that you contact your payday lender.
They need to treat you fairly and allow you a reasonable amount of time to repay the loan. This could include freezing the interest and suspending charges or suspend the – Read more
What are Loan Modifications?
Loan modifications are charges to your loan agreement. Your payments will become more affordable and you will not have to default ion your loan. The banks offer loan modifications, as it is easier for them to work with you rather than chase you.
If you stop making your payments, then the bank has a few options in front of them. The bank can try and repossess your property like your home, they can try and collect with a bank levy or through a wage garnishment, – Read more
How to Get a Loan
If you are looking at borrowing money and you have never done so before, here is how to get a loan.
Type of Loan
The first thing that you will need to determine is that type of loan that you need. You need to choose a loan for your needs like a personal loan, auto loan, home loan etc.
Choosing a loan that fits your requirements gives you a better chance of getting the loan and keeps your costs lower.
Where to Borrow
Once you know the type of loan – Read more
It’s not as easy as it was to get credit as many banks and lenders have tightened their lending policies. If you are a homeowner however, you could opt for a secured loan if you need to borrow money. A secured loan is loans that are secured against the value of your property. You will
A small term loan known as a payday loan is able to help you in those times where you may need money unexpectedly. There might be times where something happens during a month and you need to find a way to release money. A payday loan is able to loan a small amount of money