Is a Fast Cash Payday Loan Worth It?
The Advantage of a Fast Cash Payday Loan Fast Cash Payday Loans can provide you with money you desperately need between paydays whether it’s for a medical emergency, a vehicle emergency or any other emergency. It can even be used to pay bills and avoid late fees or to cover a check that will bounce. There are no credit checks making it helpful to anyone with a poor credit score. The Disadvantage of a Fast Cash Payday The calculated annual percentage rate is extremely high on fast cash loans, ranging on average between 280% to 350%. Sometimes, APR fees can run as high as 1100%. Loan companies present the interest as a fee. They present prices, per the hundreds, for a two week periods to try to make the rates reasonable. For example, they will charge $25.00 per $100.00. The rates are in fact extremely high. Know Your Options If you are looking for a fast cash payday loan there are two things you can do: visit a local payday loan company or choose one online. How do You Get Your Money and
