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It is common to get confused but it takes common sense to understand all aspects of lending and borrowing better. Get complete guidance and regular updates with regards to payday loans.
Could I Be Arrested If I Don’t Pay Back My Payday Loan ?>

Could I Be Arrested If I Don’t Pay Back My Payday Loan

The Chances of Getting Arrested If a Payday Loan is Not Paid Debt collectors, and even the payday lenders themselves, sometimes threaten borrowers over the phone that they would be arrested for not paying back their payday loans. While it is a way to recover the money by making the borrowers concerned about the consequence of nonpayment, is it really possible? Before that, let us be clear that only nonpayment or delay in scheduled payment is not the reasons why…

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What Happens If You Get a Payday Loan and Don’t Pay It Back ?>

What Happens If You Get a Payday Loan and Don’t Pay It Back

If You Do Not Pay Back Your Payday Loan On Due Payday loans are quite simple products in the lending business. Whenever someone needs urgent money, can apply for a cash loan online and get one without any credit check within a day; sometimes from lenders such as EZPaydayCash on the same day. At the time of application, the borrower obliges to pay back the principal by the next salary day along with fees and interest amount. Once the payment…

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Can Payday Loans Damage My Credit Score ?>

Can Payday Loans Damage My Credit Score

Let’s Know If Payday Loans Can Damage Your Credit Score A credit score of a person is a numerical representation of his credit status which ranges between 300- 850; higher the better. It is reflected by the credit reports prepared by the credit bureaus such as Equifax, Experian, and TransUnion. There are other special credit rating agencies present too which keep the credit track of borrowers recorded. While scoring a payday loan credit score is not important. Financing companies do…

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What Is the Average Cost of a Payday Loan ?>

What Is the Average Cost of a Payday Loan

Measuring How Costly a Payday Loan Is A payday loan is a short-term small-dollar loan that is used to address emergency cash need and is supposed to be paid off by the next payday. Since it is a better alternative than any other monetary solution, a payday cash advance is costlier than those others. In that regard, it is quite understood. However, what are the elements that are associated with a payday loan that make it costly? What is the…

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Can you go to jail for not paying back a payday loan? ?>

Can you go to jail for not paying back a payday loan?

Will You Go to Jail If You Do Not Pay Your Payday Loan? Did you default your payday loan and fear that there might be legal consequences including a possibility of going to jail? Or is it your lender threatening you over the phone that you would be going behind the bars unless you get debt-free? No matter whatever the reason is, it is very important to get this question answered and be sure what consequences you are likely to…

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Do Payday Loans Show Up On Your Credit Report ?>

Do Payday Loans Show Up On Your Credit Report

What Happens to Your Credit Report After Borrowing a Payday Loan? A credit report is a detailed information about a person’s borrowing and debt payment practices. Credit bureaus- Equifax, Experian, and TransUnion prepare these to help the financing companies in figuring out if the loan applicant is worthy of trust- not only in terms of intention but ability. Credit reports are incredibly important when it comes to big-amount loans such as a mortgage. Unsecured small-amount loans such as payday loans…

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Can a Payday Lender Garnish Your Wages? ?>

Can a Payday Lender Garnish Your Wages?

Wage Garnishment: Why It Is a Concern When someone is debt-trapped by failing to pay back a payday loan, the idea of wage garnishment scares him to the core. Wage garnishment is a legal procedure where the court askes the employer of the borrower who has defaulted the loan to cut down a certain amount of his salary. To meet the total amount of debt- including interest, this process continues for several months. Before the debt is paid off, the…

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Do They Run Your Credit for a Payday Loan? ?>

Do They Run Your Credit for a Payday Loan?

Are You Wondering If Lenders Run Credit Checks for a Payday Loans? People with bad or poor credit scores overthink if lenders run a credit check before approving loans. It is true that your credit score reveals about your borrowing habits. If you get debt free by the due, that reflects a good credit score. If you do not borrow money, that makes your credit history look poor. Any non-payment or delay in payment of debts, especially payday loans, impacts…

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Paperless Payday Loans No Credit Check ?>

Paperless Payday Loans No Credit Check

The most common problem experienced by every individual today is the lack of cash. Shortage of funds can be a situation for many, irrespective of the country, religion or age.  One cannot guarantee continuous flow of cash throughout the life. There comes a situation in everyone’s life where getting some urgent cash becomes mandatory willingly or unwillingly. There are many lending options available in the market but opting for the genuine lender is a critical issue. Not all lenders are…

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Online Payday Loans with No Credit History ?>

Online Payday Loans with No Credit History

Loans should be treated responsibly. Irresponsible ways of dealing with loans have their grave consequences.  Your unorganized way of dealing with debts and loans will affect your financial health at the end. When you blow the loan on unnecessary things, lender gets a chance to make money out of your accountability. This can lead to further bills that are difficult to deal with and you end up taking multiple loans. Payday loans with no credit history should be utilized to…

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