Does anyone trust payday loans on-line?

i'm a little short on cash and i have a 300.00 payment coming up on the 19th and i always see these payday loan online advertisment and i was aondering if they were real or if they were a scam? does anyone know?

Does anyone trust payday loans on-line?

Payday loans are nothing more than legalized loan-sharking. My advice to you would be to do everything in your power to avoid taking out a payday loan.

You will end up paying an exorbitant amount of interest in the short term - and if you can't afford $300 now, there's slim odds that you'll be able to repay the $400 - $500 you'll owe them at the conclusion of the loan.

Understand, too, that if you default on a payday loan, these people will become your absolute WORST nightmare. They will call you at home and at work, they will take you to court and file to have your wages garnished, and they will put negative references into your credit report which will follow you around for YEARS and impact your ability to get a car, rent an apartment or purchase a house. Negative credit is arguably the worst of these, because bad credit costs you big money in the long term - if you are able to get a loan from a bank or lending company, you will only get one that charges very high interest because you will be considered a high-risk loan. High interest = more money out of your pocket that a low-risk borrower wouldn't have have to pay.

A better idea would be to call the company/person to whom you owe a payment on the 19th, and ask for a payment arrangement that you can meet when you have the funds. Even if you have to agree to pay them a late fee, this is a better (and cheaper) solution than a payday loan.

FYI, while I'm already typing, my other advice to you would be to encourage you to look up a consumer credit counseling service (they're in your local phone book) and make an appointment. The service is FREE. They will teach you to make a budget and stick to it, and they will help you negotiate with creditors to lower your interest payments. Becoming (and staying) debt-free is one of the greatest gifts you can give yourself. It's HARD WORK, and requires vigilance and dedication, but you can do it, and you should do it. Your financial freedom is worth the sacrifice!

Good luck to you.

Does anyone trust payday loans on-line?

NO

Does anyone trust payday loans on-line?

Probably a scam.

ANY kind of pay-day loans are. They charge you outrageous interest something like 400%

Dont do it. Learn to budget better.

Does anyone trust payday loans on-line?

nope

Does anyone trust payday loans on-line?

No that can only lead to trouble. The interest is insane. If you can afford those rates - you shouldn't have financial trouble.

My suggestion is to: juggle what you can until payday! Or go with out!!

Does anyone trust payday loans on-line?

It's not a scam. It's lagit. But the only thing is they screw you with interest. I took a $300 loan from one and I had to pay on my payday, $360 back to them. If I didn't pay it in full, I could 'refinance' the loan - which you would have to pay at least $60 on your payday(for interest), but the balance will still be $360 on your next payday. To make a long story short, I was paying each week, $60 over and over, then I found out that my balance wasn't going down. Then I ended up telling them to stop taking money out of my account, b/c I couldn't afford to pay it. I told them to send me to a collection agency and I would slowely pay it off. Well, they didn't take any money out for a whole month, then one day, BAM! The day I got my LAST paycheck, they went in and took $375 out with out my consent!!! I had to call my bank and file a claim and my bank got my money back, but all that hassle over a $300 loan was just too much for me.