Whether you need it for a loan application or just for personal tracking, you can access your credit score online for free. Aside from the big three credit bureaus, there are plenty of sites that can provide you with free credit score. A good credit score is essential if you are planning to one day…
Payday loans are incredibly helpful to the average consumer and can give an additional financial boost to their ventures. As great as they are, what are they? Short term payday loans are loans typically $1000 or less that are often due on a person’s next payday, hence the name. Payday loans are usually paid via…
by Addie Smith Staying on budget is not easy, balancing your budget can be a nightmare, if you want to get a better night’s sleep try one of these apps. Don’t waste your time sifting through mountains of receipts and retrieving cash from wallets, multiple pockets and between the sofa pillows. It’s an age of…
Once you’ve gone through the experience of getting a payday loan, you should realize just how expensive it can be. If you want to avoid having this happen again, you might want to try one or all of the following five strategies to avoid needing another payday loan in the future. Look into Credit Cards…
Payday Consumer Notice:
The APR of a payday loan varies in each state and depends on the lender, the advance amount, fees and terms of the transaction. The APR in our network of lenders can range from 265.36% to more than 700% on 14 day terms.
Implications of non-payment
Implications of non-payment vary from lender to lender and by state regulations. If you are unable to repay your loan you may have one or all of the consequences listed below depending upon the terms of your lender. Fees may include but are not limited to: insufficient fund fees, administrative fees, late fees, non-payment fees, court costs and legal fees.
Collection Practices, Credit Score Impact
Payday Loans are due and payable in full in one payment at the end of the loan term, unless the Lender offers renewals or other repayment options. Make sure to review the terms and conditions of your lender if you fail to pay on time.
- Late payments of loans may result in additional fees or collection activities, or both. Each Lender has their own terms and conditions, please review their policies for further information.
- Non-payment of credit could result in collection activities and your account could be turned over to a collection agency. Each Lender has their own terms and conditions, please review their policies for further information.
- Failure to pay your loan on time could result in your lender reporting the delinquency to a credit reporting agency. This could result in the lowering of your credit score which could make borrowing more expensive in the future.
Renewal policies vary not only by lender but also by state regulations. Every Lender has their own renewal policy, which may differ from Lender to Lender. Renewal fees vary by lender. Please review your state regulations and you lender's renewal policy, terms and conditions.