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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.
Do Online Payday Loans Report to Credit Bureaus? ?>

Do Online Payday Loans Report to Credit Bureaus?

What Does Your Credit Report Say About You? A credit report is a detailed document of a person’s borrowing history. There are three primary credit bureaus who prepare these -Equifax, Experian, and TransUnion- when lenders and/or debt collectors report their lending activity to a borrower. They also report late payments, defaults, and complete repayments. There are also secondary credit rating agencies who prepare such reports. However, not every type of loan gets reported, neither every lender reports. Based on the…

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Where Can I Get a Payday Loan If I Already Have One ?>

Where Can I Get a Payday Loan If I Already Have One

Is It Possible to Have Multiple Payday Loans Around the Same Time? Payday loans are most preferred short-term debts by the low and medium income groups in America. Since these cash advances give access to cash between $50 and $1,000, even with an APR of 400% it is easy to payback on salary day. However, sometimes you might need more cash, and may want to avail of a second loan when the first one is outstanding. In that case, it…

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Payday Loan with No Checking Account ?>

Payday Loan with No Checking Account

How Does a Checking Account Work? Checking accounts or transactional accounts are primarily used for quick money transactions, and not for savings. For frequent bill payments or short-term small deposits, these are widely used. Whenever someone pays a bill, s/he writes a check with a definite amount, and the receiver of the check goes to the bank and takes out the same amount of cash. Apart from this, Automated Clearing House (ACH) system also helps move money from one checking…

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How many payday loans can I get at one time? ?>

How many payday loans can I get at one time?

Multiple Payday Loans at a Time: Is It a Good Idea? Payday loans are short-term emergency cash loans primarily advised to borrow when there is no other option to tackle the need for money. These are easy to apply and avail- often on the same day. Both online lenders and store-based companies would fund you up to $1,000 through such debts. Once approved, you have to pay it back by the next payday with an average APR (interest + fees)…

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I Need a Loan But Getting Refused ?>

I Need a Loan But Getting Refused

How to Qualify for a Payday Loan? Payday loans are the most convenient and immediate ways of getting financed during cash crisis. These short-term debts can give you instant access up to $1,000 on the same day of application. Credit companies like EZPaydayCash do not even run through credit to approve borrowers’ applications. It clearly means that having a good credit is not required to qualify for such cash advances. Similarly, being unsecured loans these do not need you to…

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How Do I Get My Payday Lender to Stop Calling Me? ?>

How Do I Get My Payday Lender to Stop Calling Me?

Are You Getting Repeated Phone Calls from Your Payday Lender? Payday loans are short-term cash loans that need to be repaid by the next payday. There are lenders like EZPaydayCash who also have a rollover or extension option by which the borrower can postpone the due date. If the debtor does not ask for a rollover and does not make the payment on or before salary day, it would be considered as an intentional default of the debt. In that…

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Can a Debt Collection Agency Take Me to Court? ?>

Can a Debt Collection Agency Take Me to Court?

When Does a Debt Collector Come in a Payday Loan? A payday loan is an unsecured money lending activity between a borrower and a lender. Whenever a person is in urgent cash need, he applies for a cash advance, and a financing company finances him for a short-term without any collateral. Where does a payday debt collector come from, then? The debt collector comes into picture when the lender needs it to collect debts from the borrowers who do not…

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Common Lies Debt Collectors Will Tell You ?>

Common Lies Debt Collectors Will Tell You

6 Common Lies Debt Collectors Will Tell You Debt collectors are special debt collection agencies assigned by the financing companies- mostly direct payday lenders to collect payments from the delinquent borrowers who have defaulted their loans. People also call them bill collection agencies. Since it is their job to recover the debt, they try everything- including telling lies and threatening debtors- to make the borrower pay. If you have had any experience dealing with a debt collector, you would know…

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What Are the Three C’s of Credit? ?>

What Are the Three C’s of Credit?

The Three C’s of Your Credit Your credit status tells a lot about your borrowing and debt management history; how you dealt with your previous debts. Although it is subjected to change time to time, it gives a fair idea of your current situation. Since your credit score reflects that in a numeric form, direct lenders may run through it while you apply to take out a loan. Have you ever gotten curious how by looking at your credit status…

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Why Would You Need a Payday Loan? ?>

Why Would You Need a Payday Loan?

Why Are Payday Loans So Popular? Before we answer why you would need a payday loan, or how you can spend the borrowed money, let us tell you what these payday loans are and why they are so popular. Payday loans or payday advances are short-term loans that can be availed from store-based lenders as well as from online lenders. These are quick and easy ways of getting financed during cash crisis; often same day funding. This flexibility keeps them…

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