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Wysłany: Pią 15:44, 03 Lip 2015 Temat postu: cash loans el paso tx |
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There are many disadvantages to high risk loans for the lender. Since there is usually no collateral provided, most of the risk is assumed by the lender, thus the interest rates are very high. Because of the high risk involved, institutions offering the loans tend not to be traditional financial institutions like banks or savings and loans. There is an entire industry of personal loan companies dealing with this need, sometimes known as payday lenders. More Like This Visit the CashNetUSA — Official Website
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What Happens If I Can't Repay On Time? Payday loans are expensive. Loan fees are calculated per $100 borrowed, and typically range from $10 to as high as $30 per $100 borrowed. If you are charged $15 per $100 borrowed, a 14-day loan of $400 will cost you $60 in interest. That's an annual percentage rate (APR) of 390%. Think about it-do you really want to pay $60 to borrow $400 for two weeks? And don't forget that your next paycheck won't be $1,000 - it will be $540, because you will have repaid the loan. Bad Credit Business Loans Those who use USACashAdvance.com will discover that cash advance loans come with a variety of benefits. Here are several advantages of payday loans:
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