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| Diff Summary | |||||
|---|---|---|---|---|---|
| Title | payday loan | payday loan | |||
| Date | 2013-05-28 08:42:59 | 2013-05-28 08:43:01 | |||
| Editor | Anonymous | Anonymous | |||
| Edit | Edit this version | Edit this version | |||
| Tags | |||||
| 2013-05-28 08:42:59 by Anonymous / Edit this version | 2013-05-28 08:43:01 by Anonymous / Edit this version | ||||
|---|---|---|---|---|---|
| f | 1 | I know people get into a situation and they have a | f | 1 | I know people get into a situation and they have a |
| > | need for quick money. They don’t qualify fo | > | need for quick money. They don’t qualify fo | ||
| > | r conventional loans so they turn to payday loans. | > | r conventional loans so they turn to payday loans. | ||
| > | I would never recommend this. The interest rates | > | I would never recommend this. The interest rates | ||
| > | are outlandish, sometimes over 200%, just for a sm | > | are outlandish, sometimes over 200%, just for a sm | ||
| > | all amount of money. Then they get into the habit | > | all amount of money. Then they get into the habit | ||
| > | of taking out payday loans to payoff other payday | > | of taking out payday loans to payoff other payday | ||
| > | loans. Then they often cant afford to pay them bac | > | loans. Then they often cant afford to pay them bac | ||
| > | k due to the extremely high interest rates. They t | > | k due to the extremely high interest rates. They t | ||
| > | hen go to collections further hurting your credit. | > | hen go to collections further hurting your credit. | ||
| > | Payday loans offer repayment plans that are flexi | > | Payday loans offer repayment plans that are flexi | ||
| > | ble, but costly. For 500$ they may offer you 50$ a | > | ble, but costly. For 500$ they may offer you 50$ a | ||
| > | month with another 35$ in interest per payment. T | > | month with another 35$ in interest per payment. T | ||
| > | hat’s 10 payments times 35 is 350$. That | > | hat’s 10 payments times 35 is 350$. That | ||
| > | 217;s amount of interest you would end up paying o | > | 217;s amount of interest you would end up paying o | ||
| > | ver that time. 350$ to borrow 500$ is ridiculous. | > | ver that time. 350$ to borrow 500$ is ridiculous. | ||
| > | And that is a generously low example of what you c | > | And that is a generously low example of what you c | ||
| > | ould pay. In addition that doesn’t even incl | > | ould pay. In addition that doesn’t even incl | ||
| > | ude fee’s that would likely be tacked on in | > | ude fee’s that would likely be tacked on in | ||
| > | addition to the interest. I NEVER recommend taking | > | addition to the interest. I NEVER recommend taking | ||
| > | out payday loans, but if you must only do it if y | > | out payday loans, but if you must only do it if y | ||
| > | ou can pay it back your next payday vs. spacing ou | > | ou can pay it back your next payday vs. spacing ou | ||
| > | t payments. You will still have to pay back some o | > | t payments. You will still have to pay back some o | ||
| > | utrageous interest, but not as much as if you spac | > | utrageous interest, but not as much as if you spac | ||
| > | e it out over a period of time. Hope this helps, b | > | e it out over a period of time. Hope this helps, b | ||
| > | est of luck! | > | est of luck! | ||
| 2 | 2 | ||||
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| > | <a href="http://www.edmedsbenefits.com/">cheap pri | > | out prescription</a> <a href="http://www.edmedsben | ||
| > | ces on cialis</a> | > | efits.com/">generic cialis</a> | ||
