Best answer from question by twocute4u:
Answer by NYC_Since_the_90s
they are bascially SCAMS. The interest rate is so high that sooner or later your ENTIRE paycheck is going to them to pay interest and you have no money left. Find some other way!!!!




















Applying for a payday loan is very fast. As long as you fulfill the elementary requirements, approval is assured. Credit check is absent, since the money is actually deposited into your checking account – and then withdrawn from the same. At the time of application for the payday loan, you hand over a check for the amount you have borrowed, along with the accrued interest. Afterwards, if all’s well, the money is deposited in your account within 24 hours. There is no need for credit rating checks or any collateral. The only thing they will consider is if you have any other unpaid payday loans that will nullify your current loan.
http://get-out-of-the-debt-trap.com/category/Are-Payday-Loans-Good.html
Please don’t get a Payday loan – even for Christmas. The interest rates are so high on them that they usually just call them fees. I’m talking about 700% high.
There’s usually a $ 10 fee per $ 100 you borrow (it could be higher). You’ll owe that every 14 days.
So if you borrow $ 500, you’ll get charged $ 50. If you don’t pay it back right away, you’ll owe $ 550. Then your next ‘fee’ will be $ 55 and you’ll owe $ 605 within a month.
Even if you pay the $ 50 fee for the first 14 days, you’ll still owe $ 500 and ANOTHER $ 50 fee.
This can go on and on and on taking you into a black pit of debt you’ll never get out of.
If you can’t afford Christmas presents for your friends or family, make them something, clean their house, babysit their kids, wash/wax their car… be creative and give gifts that won’t put you into such horrible debt.
I am jesenia willison, i live in Toronto Canada. I got advice from a yahoo user to apply for christmas loan online with MACRO LOAN HOUSE, were she was Approved of a loan of $ 50,000.00. She adviced me to do the same and believe you me, i was Approved of a loan of $ 160,000.00 with 10yrs repayment period after i have lost $ 12,000 to loan scams.Am using this medium to advice you to apply your loan online with them and you will NOT be turn down.No matter the duration
there interest rate is of 3% on all loans. Bellow is their contact Address:
whiteloanlenders2@yahoo.com.
PHONE:+447024055639
I am one of the happiest woman today as i now haveit for christmas and bussiness of my own.
If your working you can try HR Block. There are several online payday loan places. I used cashnetusa.com before and thinkcash.com. Yes, it’s expensive but if your in a bind than you got to do what you got to do.
Why can’t people just answer questions??
Hi
this company gives you a FREE Loan to new customers.
http://www.mypaydayloan.com/cgi-bin/pagek.pl?PID=kow&kbid=9830
i used to own a payday loan company,, so only use it if you really need it to avoid a high bank fee,,,, don’t make it a habit