Posts tagged "Payday Loans"

Q&A: Can a payday loan company use my credit card info from a one-time online payment?

Question by indi.babi07: Can a payday loan company use my credit card info from a one-time online payment?
I have a payday loan past due. However, the bank account the payments withdraw from, I no longer use and is therefore empty (and negative from nsf payments due to the loan) If I make a partial payment online, can they use they info to deduct the rest whenever they want? I don’t want them to do that.

Best answer:

Answer by clara

They can but they won’t. If they have you credit card information they can charge you when they want to. However if you call your credit card company they will reverse the payment for you (if you didn’t authorize the payment).

And the credit card won’t be so stupid to let the payday loan to do it. It is like transferring the loan from your payday loan to your credit card. If you are not paying your payday loan, you are not likely to pay for your credit card. so they won’t let the payday loan company to do it

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Posted by getloans - May 7, 2012 at 2:34 pm

Categories: Loan Questions   Tags: ,

Payday loan trap

When you’re stuck in a rut, financial-wise, and there’s nowhere you can turn to for easy cash, Payday loans almost always seem to be your fastest way out. However, there’s always a downside to everything, and in this case, it’s the sky-high interest rate. Many consumers fail to realize that these short-term loans are also the easiest way to bankruptcy. Watch this video and know where I’m coming from.

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Posted by Cathy Miller - February 8, 2012 at 4:45 pm

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How You Can Stay Away From Payday Loan Scams

Internet has been conquered by businessmen with the coming of technology. As a matter of fact, there are different businesses that can be found online. Even lending companies have used the internet as their avenue to market their business. The internet is not an awful place to do some business. However, some online merchants capitalize on this technology and use this place for their deceitful trade.

You’re thinking of obtaining a payday loan from an on-line merchant, but you’re afraid that you may fall prey on identity theft. The World Wide Web is full of trustworthy and well established private lenders. However, you need to be on the look out for referral web sites which are absolutely nothing much more than payday loan scams and distribute your individual info to the third party mailing lists.

Among the different payday cash advance scams, individuals that are calling on some elderly to collect the payment of their imaginary cash advance loans is one of the biggest scams online. Usually, these individuals target those old people and threaten to throw them to jail if they are not going to pay their several years old unpaid payday loans. For fear that they will be thrown to jail, there are elderly who just paid the loan even if they have never applied for a payday loan in their life! These scams destroy the reputation of online payday loans including those well established financial lenders who aside from helping you solve your financial dilemma, and protect your personal data, as well.

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If you know nothing about cash advance scams, you can browse the internet because there are lots of information about such scams. When you are thinking of getting a cash advance online, be careful with whom you are transacting business. If you do not have any idea about the reputation of a referral website, there are websites providing reviews which can assist you to figure out the reputation of lending businesses who provide a fast and hassle-free procedure for your loan.

There are people who utilize fast cash advance when they are faced with monetary problems. However, the last thing you need especially during these trying times, are cash advance scams that empty your savings account or worse. Regrettably, many borrowers were victimized by these financial scams. Therefore, to keep away from them, you ought to patronize the lending investors that are near you. Dealing with lenders outside your country is a terrible thing to do as they are not included in your country’s jurisdiction. Hence, running after them would be a difficult thing to do. Although financial scams are plenty in the Internet, you can keep yourself away from them if you are cautious with every transaction you make online.

Those who fall prey to these payday loan scams are not stupid about online scams. They have become victims as they were not careful when transacting business online. Finding information on the reputation of the company is beneficial, regardless of the purpose of your research.

Getting payday loans online is not a terrible thing to do. Just don’t forget to do your homework and be careful with all your online transactions. If you do some research, then you are guaranteed to be free from the claws of the crooks, and you have nothing to worry about other than the payment for your loan.

Check London payday loans for more details.

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Posted by The Loan Guy - September 10, 2011 at 10:30 am

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Utilising Effectively Instant Cash Loans When Times Get Tough Moneywise

At first glance and without fully understanding how payday loans differ from all other monthly instalment type loans, they are deemed to be far more expensive

However when you compare the total cost of taking out a cash advance loan to the total cost of a normall instalment loan they are actually cheaper

This is due to the fact that the lenders are enforced to use an APR Annual Percentage Rate as a means of displaying the costs associated with them.

However because a payday loan is a short- term loan that is fully paid up on your next payday, and does not go on for more than 12 months APR is not the most reliable way of publishing the costs.

When you are examining how cost effective instant loans bad credit are logically it makes more sense to compare the total cost of the loan, or the total amount of interest that you will incur as a result of taking the loan. Only this way will you truly find the most cost effective lending solution.

When you examine instant online decision loans in this way they are shown to be a very cheap option when it comes to arranging short, so long as you stick to the rules and see to it that you repay the loan in full when you next get paid. The lenders will let you roll the loan over until the following month if you really need to so, as long as you at least repay the interest charges. By doing this you double the cost of borrowing the money, which means that the loan has now become less efficient.

The number one thing to remember with all payday loans or cash advance loans, is the fact that they are intended to be a short-term loan that is redeemed in full on your next payday. They are designed to deal with cash flow problems such as your car breaking down or your central heating boiler, or anything that needs to be looked at quickly. They are ideal for resolving this type of scenario as they are quick and easy to arrange, and generally you can get the loan paid out on the day that you apply.

No fax payday loansare also simple to understand, all the lenders charge a flat fee for every £100 that you borrow usually £25 per £100 borrowed. There are no arrangement fees or any hidden fees at all, which means that you understand exactly where you stand and can work out what the finance will cost you even before you apply. Also because the loan is repaid in full when you receive your salary you do not have to make any long-term changes to your monthly spending in order to repay it.

So if you need up to £750 in a hurry, and are over the age of 18 years old, employed either full-time or part-time with a take home pay of £750 per month or better. You could do a lot worse that applying for payday loans with no credit checks.

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Posted by The Loan Guy - June 28, 2011 at 11:02 am

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Speedy Cash Installment Loans – True/False :30

Did you know that speedy cash can offer you installment loans? This video will provide you with what there is to know about special offers being given to people regarding their loans. Everything you have to know about installment loans on how they can hand you up to 3x more cash than a payday loan.

Also this will guide you on the important things you have to remember like the cash being given to people will be supported with a repayment plan up the 18th month. This will be your advantage, staying away from any penalties.

After watching this video you will enjoy every cash you can have being in a win-win situation. Your financial emergencies will be solved through this detailed video.

So learn and have fun watching this video on Speedy Cash Installment Loans – True/False.

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Posted by getloans - May 12, 2011 at 11:30 pm

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