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How
does Personal Loans work?
They provides short-term cash
advances that are electronically deposited into your checking
account. Everything from application to payment is done
electronically via our web site. When your loan is due, the
amount borrowed plus a service fee is debited from your
checking account..
Why do
I have to pay extra on the principal when I do an
extension?
Payday loans are designed to be
short term loans to meet an immediate need. Unfortunately, a
dependence on extensions moves a customer into a long term
situation which is not in their best financial interest. We
are committed to dealing with consumers with honesty and
integrity and do not wish to take advantage of anyone or to
allow them to abuse a system to their own harm.
What if I cannot pay the
amount owed by the due date?
If you choose not
to pay your loan on the due date, you can extend the loan for
an additional fee. You can extend your loan up to three times,
paying only the finance charges and fees due at that time.
How can I get a loan from
Payday Loans?
After filling out the online
application or calling them to apply by phone, you will
have to fax in your bank statement and a voided check. They
examine your bank statement to determine your income, and they
loan you funds based on the monthly amounts we see deposited
into your account. If they approve your loan request, the
funds will be deposited into your account overnight so that
you can get your money the next banking day.
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