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My First Payday Loan

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logi12

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Sep 12, 2007, 2:00:32 AM9/12/07
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I know this is slightly off topic, but I thought it might be a little
helpful talking about money, loan payments etc. Unfortunately, I
really needed a bit of cash so I used this site today for a
paydayloan. Everything was fabulous, got my loan within a few hours.
Check it out if you need a payday loan:
www.123-paydayloan.com

George Grapman

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Sep 12, 2007, 3:45:50 AM9/12/07
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Right. Give your Social Security,DOB< drivers license and checking
info to a site that has no contact info other than an email form and
uses a shill from hotmail.

George Grapman

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Sep 12, 2007, 3:50:29 AM9/12/07
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http://www.ftc.gov/bcp/conline/pubs/alerts/pdayalrt.shtm

y

A cash advance loan secured by a personal check - such as a payday loan
- is very expensive credit. Let's say you write a personal check for
$115 to borrow $100 for up to 14 days. The check casher or payday lender
agrees to hold the check until your next payday. At that time, depending
on the particular plan, the lender deposits the check, you redeem the
check by paying the $115 in cash, or you roll-over the check by paying a
fee to extend the loan for another two weeks. In this example, the cost
of the initial loan is a $15 finance charge and 391 percent APR. If you
roll-over the loan three times, the finance charge would climb to $60 to
borrow $100.

James

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Sep 12, 2007, 9:33:27 AM9/12/07
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One of the most UNFRUGAL things to ever do. And about 8 years ago I
was desparate enough to do it. But smart enough now to never do it
again.

The interest rates are extremely high if you look at it on an annual
basis. So much so that the Canadian Government has been looking at
legislating them down.

It should really be the very last resort. I would sooner sell
something, or have a late mortgage payement than take one.

James

Steve

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Sep 14, 2007, 12:02:41 AM9/14/07
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We can only hope it's your last post.


--

The point of life's journey is not to arrive at the grave safely
in a well-preserved body, but rather to skid in sideways,
totally worn out, shouting: Holy shit, what a ride!

...Anon

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