Payday Advance
1)What is the main difference between the loan and the payday advance loan?
Normally loans are for long duration and are given against any mortgage and can be paid back in a long interval of time and are cheaper. But the payday advance are for the short duration until your next salary is due. And for long interval they will charge high interest rates.
2)What happens when someone got unable in paying the payday advance loan?
The payday loan company gives the loan against a post dated check. When the check will bounce and they came to know that there is not enough money in the account then they will claim you in the case of fraud. And you will have to pay more and more or you had to go to imprisonment.
3)Is it necessary to pay back all the payment at once after getting a payday advance loan?
Nop, it's not necessary. But better will be to pay it back until your next payday else you will have to pay more and more interest each time and it will prove hard to you.
4)Is it possible to get a payday advance loan in case you have no bank account?
The payday advance loan companies give you cash against a check you had given to them. You have to submit your address proof and employment details. But these companies will charge you high interest rates for this. So, better will be open the bank savings or checking account at first and then go for it.
Normally loans are for long duration and are given against any mortgage and can be paid back in a long interval of time and are cheaper. But the payday advance are for the short duration until your next salary is due. And for long interval they will charge high interest rates.
2)What happens when someone got unable in paying the payday advance loan?
The payday loan company gives the loan against a post dated check. When the check will bounce and they came to know that there is not enough money in the account then they will claim you in the case of fraud. And you will have to pay more and more or you had to go to imprisonment.
3)Is it necessary to pay back all the payment at once after getting a payday advance loan?
Nop, it's not necessary. But better will be to pay it back until your next payday else you will have to pay more and more interest each time and it will prove hard to you.
4)Is it possible to get a payday advance loan in case you have no bank account?
The payday advance loan companies give you cash against a check you had given to them. You have to submit your address proof and employment details. But these companies will charge you high interest rates for this. So, better will be open the bank savings or checking account at first and then go for it.
posted by Diana | 5:53 AM
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