How Do I Stop Phone Calls From Payday Advance Loan Companies?
If you have already applied for a loan and did not repay it – it is completely understandable why payday lenders are calling to you. There were many times I suggested to customers to use a payday loan to avoid the massive overdraft charges being charged by the bank. The same day cash advance loans had a regulated, fixed charge, the bank, using the process of paying the largest check first in an overdraft situation, quite often charged OD fees far in excess of the amount overdrawn. If a customer wrote one check for $200 and ten. checks for $10 on a balance of $250, the bank would pay the big check and return five of the small checks for a fee of $150.
