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PostWysłany: Śro 5:21, 19 Sie 2015    Temat postu: payday loans in eugene oregon

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Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100. payday loan in aurora co Payday Loans There are a few disadvantages of bad credit loans. The first disadvantage is being the high interest rates that come with the loan, which are substantially greater than most banks. Financing agencies also do not simply hand out loans like candy. For a person to be able to secure a debt, that person must have steady income from a job or a personal business. It also becomes a financial risk due to the high interest rates which is in the 5 % to 10% range.

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