A payday loan or cash advance is a loan for a short time. You pay a fee to take the borrowed money, even if you need one or two weeks.
A payday loan or cash advance can be very expensive. Before taking one of these loans, consider other ways to borrow money.
Are there other ways to borrow money?
Maybe I could borrow money:
Family or friends.
A bank or credit union.
Your credit card.
You may be asked to give more time to pay their bills. You can talk with a credit counselor for help.
What if I am a member of the Armed Forces?
If you are a member of the armed forces, the law protects you and your dependents. The law sets a limit to the interest rate of payday loans. The law also says that providers have to give you information on their rights and on the cost of the loan. The Armed Forces also offer financial assistance and help to manage your money.
How does a payday loan or cash advance work?
When you focus on changing the little every day spending habits that allow your money to leak out of your wallet, your bank balance will automatically be healthier at the end of the month.
And that’s the key to making saving money easy. To make it automatic. You have better things to do than remind yourself every waking minute that you should be saving money. We live in a world where spending is expected. You want to make saving second nature instead.
You give a check to the lender for the amount of money you want to borrow – plus a fee.
The lender keeps the check and gives the cash – minus the fee it charges.
On your next payday you have to pay the cash provider. You owe the amount borrowed plus the fee.
How much these loans cost?
A payday loan or cash advance can cost a lot. Even though you only take money borrowed from a week or two until you get your paycheck. Lån på dagen – http://xn--ln-yia.trade247.no/forbrukslan/lan-pa-dagen/Read More