Has anyone tried those overnight payday loans?how do those work?

If you need money urgently, payday loans should be your last resort, only to be used if you have a dire emergency AND you can be sure to pay the money back on time. If you pay it late or get the loan extended you can get charged a lot of interest and fall into a debt trap, so be careful.

If you need money fast and you have no other way of getting it there is some advice and information on this website. Good luck!

Has anyone tried those overnight payday loans?how do those work?

Yeah it is a scam. They charge you way too much interest (worse than a credit card) so please don't try it. Besides the high interest rate, going through it could end up damaging your credit score.

Has anyone tried those overnight payday loans?how do those work?

Hello I have used a company called Advance America and you go right there and they give you up to 500.00 and you have to pay it back on your next pay day... Sometimes I get 500.00 and then when I pay it back i have to pay 555.00 (they get ya with interest) but its nice to use... Also after 24 hours of paying it back you can borrow it again .... I would reccommend it... i think there great.

Has anyone tried those overnight payday loans?how do those work?

I've used Advance America, too, and they are great, but the problem is getting caught in a vicious cycle of borrow-pay-borrow-pay. They will be a help if you're in a jam, but be careful not to get stuck!

Has anyone tried those overnight payday loans?how do those work?

Do not do it. These people are crooks. Trust me you do not need the money that bad. Look up usury (not sure on the spelling) in the dictionary. These people ( I would not call them human beings) charge such unreasonable rates it is unconscionable. What they are doing is taking advantage of people less fortunate than them

Has anyone tried those overnight payday loans?how do those work?

They work by ripping you off. The interest rates are beyond outrageous ( it works out to 1,700% annually.)

What they do is sucker you in with a catchy come-on about %26quot;needing money but can't wait.%26quot; They prey on low income workers by offering to loan a percentage of this weeks estimated pay check (75% of your take home.) Then they KEEP ALL of the weeks take home pay, a 33% interest rate for just a few days loan.

You don't get to see the rest of your pay check so you have nothing left over to get by on. The result is you end up having to either starve for a week or get another paycheck loan. The cycle has no end to it they get rich you stay poor.

It is basically legalized loan sharking. Although a loan shark would give you more time to pay him back.

You would be better off getting a consignment loan from a pawn shop. It is on better terms and the only thing you lose if you can't repay is whatever you pawn.

Has anyone tried those overnight payday loans?how do those work?

ALL THE ABOVE ANSWERS ARE CORRECT, EXEPT GIGGLES 22.