If you’re having problems with paying back your loan within 2 or 3 weeks (until your next payday), you may ask a lenders to extend the term of your loan up to 60 or 90 days. Extensions come at a price however. You will have to pay the fees as your principle may stay intact. For example, if you borrow $500 for 60 days, a lender may charge you two fees of $100 each for each month you extend the term of your loan. You must remember that a payday loan is meant to be repaid at your next paycheck arrival. As such it will still cost you as much as a credit card interest rate for the entire year. Each extension is very expensive and should be avoided as much as possible.
There may be situations however that you may have no choice but to overpay. If it so happens, you may choose this option because it is available to you. If by any chance, you don’t need to do that, try to go with a regular payday loan, which you will repay at your next paycheck. Lack of money is often the cause of excessive borrowing. Borrowing money from payday stores should be the last resort. Forget a 60 day payday loan or 90 day loan and try to find a long term solution to your problem. If a loan is the only option, go with a bank. Any bank will offer you better terms and conditions than a payday lender. If you happen to have poor credit, which most of payday loan customers do, borrow money responsibly. Payday lenders are aggressive when it comes to collecting defaults. They will hire a collection agency and file appropriate documents with the court. If you borrow money from payday lenders, have this always in mind.If you can’t afford it, don’t borrow!
APR Disclosure Some states have laws limiting the Annual Percentage Rate (APR) that a lender can charge you. APRs for cash advance loans range from 200% and 1386%, and APRs for installment loans range from 6.63% to 225%. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. The APR is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APR rates are subject to change.
Exclusions Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to use this website or service. The states serviced by this website may change from time to time, without notice.
Credit Implications The operator of this website does not make any credit decisions. Independent, participating lenders that you might be matched with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Late Payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies for further information. Nonpayment of credit could result in collection activities. Each lender has their own terms and conditions, please review their policies for further information. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender’s renewal policy.
Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult the federal, state, and local governements to learn more about the risks involved with cash advances, local laws and regulations governing cash advances, possible loan alternatives and recent developments in their state. Consumers with credit difficulties should seek credit counseling. Residents of New York, Arizona, Georgia, Vermont, Virginia & West Virginia are not eligible to apply for a cash advance on this web site.