 |
|
Payday Loan | Top Companies: This Week's Reviews |
|
|
| Services Offered: Payday Loan |
|
| Company Overview: Yoursupercash.com offers payday loans to consumers for a set fee, dependent upon how much the consumer borrows. The company was formed to offer payday loans to all consumers regardless of credit history in 2007. |
|
| Our Review: This company offers payday loans up to $1500, which is a great service in times of financial emergencies. However, they do charge a fee for this service, as do all of the payday loan companies. You need to be informed about these fees before you agree to borrow anything, and ensure you don't borrow more than you can pay back. |
|
| User Review: I have a great job, but my debt is horrendous. I wanted to borrow some money before payday to pay off a few bills, and since I make $4000 a month, I was able to borrow the top amount they offered. However, I forgot to pay it back on time, and the money was taken out of my account which caused me to overdraw. My advice: don't use these services unless you can afford and remember to pay it back. |
|
|
|
| Services Offered: Payday loan |
|
| Company Overview: Team Quick Cash was formed to provide consumers with the money they need between pay days. They offer payday loans to all consumers regardless of credit history, and usually have the loans in the consumers hand within 24 hours. |
|
| Our Review: For financial emergencies, companies like Team Quick Cash are great. They offer a pay day loan for a fee, which you usually pay back within two weeks. One nice part of this, and other pay day loan companies, is that they won't check your credit in order to give you the payday loan. |
|
| User Review: I live in a small town, and didn't want to walk into the local payday loan business, because it is embarrassing. I was excited to find out that I could borrow the extra money I needed online, so that no one would have to know what I was doing. |
|
|
|
| Services Offered: Payday Loan |
|
| Company Overview: Secure money store was established to enable consumers to get financial assistance in the event of an emergency. Credit history is not checked, the only requirements are a pay stub and bank account. Loans are usually approved and funded within 24 hours. |
|
| Our Review: Another great company for payday loans. However, the fact that they are an online only company might hinder their business. If I borrow money from someone I want to know how to get ahold of them, and not just via a generic e-mail address. |
|
| User Review: I had some medical bills that needed to be paid, but I wasn't scheduled to get a paycheck for another week yet. I went to Secure Money Store, and had the money I needed in about 24 hours, and when I got paid, I paid them back. It was a great transaction! |
|
|
 |
Other Top Companies for Payday Loan : |
|
|
|
|
 |
| How To Select The Best Company For Payday Loan |
|
When financial emergencies arise, payday loans can appear to be a lifesaver. However, depending on companies that offer these last minute loans is not a good position to be in. If you do have a financial crisis, using a payday loan is a solution that must be decided upon with caution. In the past two or three decades, many payday loan companies have come out of the woodwork to capitalize on consumers' needs for instant cash. These companies, however, can be very costly due to their immediacy of the service. For example, if you bought an airline ticket at the last minute, you would expect to pay more for that ticket than if you booked it months in advance. Such is the case with payday loans. The money you need is funded instantly; therefore the interest rates and fees are much higher than those of a regular personal loan. A payday loan is a great way to pay for a financial emergency or pay off a bill; it is not a good idea to use payday loans just because you want to go shopping or spend money that doesn't need to be spent. Thus, when you decide to use a payday loan, there are two important things to keep in mind. Fist, you need to research the available companies and their fees. You will need to choose whether to use an online company, or to visit a local payday loan company in person. Most payday loan companies have similar fees, but the internet companies can often offer lower fees due to the lack of overhead. Secondly, you need to be sure not to borrow more money than you can afford to pay back. For example, even if you are eligible to borrow $1000, but you can only afford to spare $800 from your next paycheck, then don't borrow more than $800. One other important reminder: a payday loan is a loan, not a handout, and should be paid back on time. Most payday loan companies will automatically withdraw the money from your bank account if the loan is not paid back on time, so you need to be sure that you pay it back. As long as you are informed as to what you are getting yourself into when taking out a payday loan, it doesn't have to be a complicated or difficult process.
|
 |
|
 |
