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New Member
Posts: 3
Registered: ‎05-17-2017

PAYDAY LOANS I need money urgently.

I want to use payday loans. What is the normal rate?

Frequent Contributor
Posts: 281
Registered: ‎11-29-2016

Re: PAYDAY LOANS I need money urgently.

Please do not get into the payday loan chain. It took me years to get out.  And they charge you up the ass. Are there any alternative methods you can use. And how much do you need?

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Valued Contributor
Posts: 1,284
Registered: ‎01-19-2015

Re: PAYDAY LOANS I need money urgently.

400% APR...don't do it...you'll be sorry...Smiley Wink

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Established Contributor
Posts: 1,724
Registered: ‎03-28-2017
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Re: PAYDAY LOANS I need money urgently.

How much, why, and by when?

New Member
Posts: 3
Registered: ‎05-17-2017

Re: PAYDAY LOANS I need money urgently.

[ Edited ]

400% is too much! I have found from 200%. I need $ 800 for 2 months. Overpayment will be 200% / 12months / 100% X $ 800 X 2 = 266.6666  I am right?

 

 

Established Contributor
Posts: 1,724
Registered: ‎03-28-2017

Re: PAYDAY LOANS I need money urgently.

That website discloses "The range for APRs is between 200% to 1386%."


1386% ouch.

 

Why do you need $800 so desperately?  Can you sell some items you don't absolutely need?  TV, video games, etc?

Senior Contributor
Posts: 3,555
Registered: ‎05-25-2016

Re: PAYDAY LOANS I need money urgently.

Op plz consider other options if you have them, anything else is better than payday loans
Valued Contributor
Posts: 2,070
Registered: ‎01-10-2016

Re: PAYDAY LOANS I need money urgently.

Wow if I could lend you $800 at even 100% believe me I would... but I'd highly recommend you not go this route.
Senior Contributor
Posts: 4,053
Registered: ‎11-11-2015

Re: PAYDAY LOANS I need money urgently.


dakota3freeman wrote:

I want to use payday loans. What is the normal rate?


OP, do what you gotta do! Just make sure you are very clear what you are committing to. Make sure you understand the terms and conditions.

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $27750 **As of 9/11/17** EX- 757(19) TU- 741(15) EQ- 718(14) UTI 6%- Clean Files
Senior Contributor
Posts: 4,053
Registered: ‎11-11-2015

Re: PAYDAY LOANS I need money urgently.

[ Edited ]

dakota3freeman wrote:

400% is too much! I have found from 200% . I need $ 800 for 2 months. Overpayment will be 200% / 12months / 100% X $ 800 X 2 = 266.6666  I am right?


Hmm, do you work for them?

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $27750 **As of 9/11/17** EX- 757(19) TU- 741(15) EQ- 718(14) UTI 6%- Clean Files

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