Payday Loan Company – Compare Payday Loan Companies To Get The Lowest Rate
Payday loan companies vary in the rates they charge customers. You can find low rates by comparing the offers of payday loan companies. The annual percentage rate (APR) is an easy tool to find who has the best deal. You also want to take a look at payment plans to make sure you dont get taken in by late fees.
Look For The APR
The APR is the cost of the cash advance for a year. Fortunately, the majority of people pay off their payday loan is less than 30 days so they dont pay such high fees. But by comparing the APR of several lenders, you can find the best deal.
Most often the APR will be listed in the FAQ or How It Works section of an online payday company. If you cant find it, simply email the company with a request. By taking a few minutes to compare rates, you can save a few dollars.
Finance Fees
The actual cost of your loan will on average be about $15 for every $100 you borrow. A payday loan company charges the same rate to everyone since there are no credit checks. In the companys eyes, everyone has the same credit background. The only variable is...
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