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6 Antworten
- vor 6 Jahren
a payday loan is a loan you get until your next payday. the interest rates are extremely high on these loans. Some will go as high as 3000%. Most average between 175% to 300% interest rates.
Meaning, if you borrow $500, on your next pay day, you may have to pay back anywhere between $875 to $1500 back
- Anonymvor 6 Jahren
It's a small loan with horrendous interest rates. To be avoided at all costs.
- vor 6 Jahren
Say you get a loan for $10,000
They take your payment out of your check every time you get paid say about $1,000 a month
For 2 years
Not saying that to be accurate just a demonstration and to say it's a rip off.
It's just a loan that they take out your check when you get paid
- vor 6 Jahren
a relatively small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next wages.
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