Quick Cash Loans - It Pays To Be Quick
Quick cash loans make a very strong, and very quick, first impression:
- the only time you are ever going to really look for united cash loans is when you are facing financial difficulties or desperation
- if you have the opportunity to solve your problems quickly, you'd be payday impossible if you didn't take that chance.
But the speed and efficiency of quick cash loans comes with a very heavy price - a taxing toll on your personal financial abilities as well as in the way of insanely high fees.
First, the fees of quick cash loans
Every payday loan you find on the Internet is in essence a form of quick cash loans - online applications are fast, the information travels instantly to your lender, and after a brief approvals process the money is wired directly into your account. The process is fast, so fast most people just aren't ready to repay the loan when its do. No big deal! You have the opportunity to " roll-over " your repayment for an additional two weeks! Sweet - or is it sour?
- roll-over fees for most payday loans will cost you the same amount as the initial charge - anywhere between $15 and $40 per $100 you take out in the advance.
- delaying payment just once doubles the actual cost of your advance and with nothing to show for it but an additional two week to repay your debt.
When added up over the course of an entire year cash loans carry APRs between 300-1500% - aycaramba! thats a lot of money for a financial service that was so easy to apply for, so easy to get, and so quickly given to you in the first place.
Cash loan questions - oh boy!
Here at Payday positive we suggest everyone takes a few minutes of their time before pressing that agree button and ask yourself - how much is this quick cash loan really worth to me, and why do they charge such high rates? You'll probably guess this on your own, but instant cash loans don't charge high rates because they carry greater risk. They charge high rates for quick cash loans online because they know that some loans are going to be not paid back and they need to cover that as a part of their business pluse they need money to operate everything and so it m akes it worth the effort because all of these fast cash loans add up to huge profits...
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