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Quick Cash Loans The Real Cost
By Carrie Reeder

So many numbers are thrown around when talking about cash advances, also called payday loans, that it can be hard to know what the real cost is. What you actually pay for your payday loan is usually a financing fee rather than an interest rate. APR is used to compare the yearly cost of such a loan, even though payday loans are usually repaid in less than 17 days.

Financing Fees

Most cash advance companies charge finance fees rather than interest in order to get around some state laws. Finance fees are usually charged on a pay period schedule of two weeks, although some companies have a shorter or longer repayment periods.

For a cash advance of $100, you can expect to pay around...
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In the News
Pay Day Loans Firm Wonga Sets Its Sights On Small Businesses
Controversial pay day loans company Wonga is targeting Britain's small business with the launch of a new service to give companies "an instant cash flow... Read More ...

Broke 20-Somethings Are Living Off Payday Loans, Check Cashing And Prepaid Debit Cards
Payday loans, check cashing and prepaid debit cards have found a new customer in the cash-strapped twentysomething. Read More ...

InstantOnlinePaydayLoans.com Features New Content on Payday Loans
Article Explores Cash Advance Advantages(PRWEB) April 30, 2012 InstantOnlinePaydayLoans.com announces the addition of a new informational article to its online library of free resources available to prospective payday loan borrowers. The company wants to make sure consumers know all about payday loans, and to that end, has been gradually introducing resources covering various aspects of these ... Read More ...

 

 

 
 
 

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