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PAYDAY LOANS I need money urgently.

New Member

PAYDAY LOANS I need money urgently.

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

Message 1 of 35
34 REPLIES
Frequent Contributor

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?

As of 6/30/2017 - EQ:598 TU:589 EX:645 GOAL:750 All around the board
In the Garden since 12/16/2016~ Gardening until 7/1/2018

"You will receive better cards as your profile improves and any baddies fall off. It's just a process like climbing stairs. As your profile improves, you are able to go to the next level of cards. - baller4life
Message 2 of 35
Valued Contributor

Re: PAYDAY LOANS I need money urgently.

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

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FICO 8 Scores EX 690(17) EQ 675(22)TU 705(18) AAOA 2.9yrs TCL=320,550
Message 3 of 35
Senior Contributor

Re: PAYDAY LOANS I need money urgently.

Message 4 of 35
New Member

Re: PAYDAY LOANS I need money urgently.

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?

 

 

Message 5 of 35
Senior Contributor

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?

Message 6 of 35
Senior Contributor

Re: PAYDAY LOANS I need money urgently.

Op plz consider other options if you have them, anything else is better than payday loans
Message 7 of 35
Valued Contributor

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.
Message 8 of 35
Senior Contributor

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.

Citi DC $7900- AMEX BCP $9000- NFCU Platinum $10000 PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- State Farm GN $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Care Credit $20000- Discover Miles $21000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 5/27/18** EX- 737(12) TU- 753(11) EQ- 730(14) UTI 17%- Clean Files- No AU Accounts.
Message 9 of 35
Senior Contributor

Re: PAYDAY LOANS I need money urgently.


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?

Citi DC $7900- AMEX BCP $9000- NFCU Platinum $10000 PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- State Farm GN $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Care Credit $20000- Discover Miles $21000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 5/27/18** EX- 737(12) TU- 753(11) EQ- 730(14) UTI 17%- Clean Files- No AU Accounts.
Message 10 of 35