Comments on: Using Cash Advances Properly http://www.personal-finance-guide.org/archives/245/using-cash-advances-properly/ Professional guide to your personal finance. Thu, 28 Aug 2008 04:31:59 +0000 http://wordpress.org/?v=1.5.2 Comment on Using Cash Advances Properly by: Affordable Payday Loans http://www.personal-finance-guide.org/archives/245/using-cash-advances-properly/#comment-805 Thu, 06 Sep 2007 01:49:20 +0000 http://www.personal-finance-guide.org/archives/245/using-cash-advances-properly/#comment-805 APR does hurt the annual loan payer, essentially these payday loans are built around to give fast cash but then the interest rates simply rip you off. Emf's comment holds value APR does hurt the annual loan payer, essentially these payday loans are built around to give fast cash but then the interest rates simply rip you off.

Emf’s comment holds value

]]> Comment on Using Cash Advances Properly by: EMF http://www.personal-finance-guide.org/archives/245/using-cash-advances-properly/#comment-639 Sun, 05 Aug 2007 16:06:56 +0000 http://www.personal-finance-guide.org/archives/245/using-cash-advances-properly/#comment-639 The only thing great about these loans is the interest rate --- great for the lender, not the borrower. If you have to pay 10% of your loan in fees to borrow it for a couple of weeks, then effectively you're paying an APR of 260% which is even higher when compounded. What do they charge? Don't know myself, I've never have been taken advantage of by one of these loans. And this article won't tell you, nor does the linked site. Do anything you can, eat Ramen for a couple of weeks in necessary, to avoid payday loans. The only thing great about these loans is the interest rate — great for the lender, not the borrower. If you have to pay 10% of your loan in fees to borrow it for a couple of weeks, then effectively you’re paying an APR of 260% which is even higher when compounded.

What do they charge? Don’t know myself, I’ve never have been taken advantage of by one of these loans. And this article won’t tell you, nor does the linked site.

Do anything you can, eat Ramen for a couple of weeks in necessary, to avoid payday loans.

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