Payday Installment Loans - Why it is So Affordable?
Payday Installment Loans - Why it is So Affordable
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Why is a payday loan so affordable? It's affordable because it costs you no upfront fees to get this loan.
How does the installment part of it work? The installments that you pay on your loan each month is usually no more than $50, so it makes it very easy to consistenly pay off the loan balance in total.
How do I know if the payday installment loan company is reputable? You will need to check reviews online from credible sources. You can also run a BBB (Better Bisness Bureau) check on the web to see what ratings the company has received from people who have tried them.
Do they check my credit or what? No, A payday installment loan company will never check your credit. What matters to them is not your credit, but whether you are employed and have valid U.S. social security number.
How much money can I get? You can get up to $1500 if approved for this amount. The amount the loan agency will extend to you will depend on the information you give them in the loan application you send them.
Do they have security to protect the information I place online? Yes, This is consistent most if not all payday loan sites. But this doesn't mean that you do need to check for yourself, whether the site is safe and secure. Check the address bar on the loan application page for "https". When you see this at the beginning of the URL, it means that the site is protected from hackers.