Posts Tagged ‘anyone’
Question by : Anyone have any trouble with the new advance america line of credit?
I get my money orders at advance america and on occasion a pay-day loan. Last time i went in a made the comment that their rates went up, but they said they now offer a line of credit where you pay $ 50 as the first payment and all the interest is tacked onto the second payment. Do you only make 2 payments total? How much more expensive is it than a normal payday loan?
I saw this on their website:
Line of Credit Fee / APR ** – - – - $ 125.00
365.00% $ 150.00
365.00% $ 175.00
365.00% – - –
** The fee represents interest on the maximum amount you could obtain under the line of credit assuming a 25 day billing cycle, ACH authorization, and that the maximum amount is outstanding at the end of a billing cycle.
But i dont know what exactly that means for me if i would get say a $ 400 line of credit?
Best answer:
Answer by efflandt
It sounds like a very expensive loan (365% APR is 1% per day). That would be approximately $ 4/day for a $ 400 loan.
Add your own answer in the comments!
Question by : Anyone have any trouble with the new advance america line of credit?
I get my money orders at advance america and on occasion a pay-day loan. Last time i went in a made the comment that their rates went up, but they said they now offer a line of credit where you pay $ 50 as the first payment and all the interest is tacked onto the second payment. Do you only make 2 payments total? How much more expensive is it than a normal payday loan?
I saw this on their website:
Line of Credit Fee / APR ** – - – - $ 125.00
365.00% $ 150.00
365.00% $ 175.00
365.00% – - –
** The fee represents interest on the maximum amount you could obtain under the line of credit assuming a 25 day billing cycle, ACH authorization, and that the maximum amount is outstanding at the end of a billing cycle.
But i dont know what exactly that means for me if i would get say a $ 400 line of credit?
Best answer:
Answer by efflandt
It sounds like a very expensive loan (365% APR is 1% per day). That would be approximately $ 4/day for a $ 400 loan.
Add your own answer in the comments!
I need a payday loan now its a emergency but I do not know where to get one anyone have suggestions and please answer this question only if you have tried the service and had a good experience with them. Thank You!
Adrian Covert / Gizmodo:
Anyone Can Access Microsoft’s Massive Location Database and See Where Your Laptop and Smartphone Have Been — Microsoft has been going around and building a database of publicly broadcast MAC addresses (along with their corresponding street address) for location services purposes.
Question by sugar_n_spice: PLEASE help….Does Anyone Know What happens When you get a Payday Loan……………?
And they deposit your check……but the account has been closed?? MY friend isn’t working right now but get’s cash aid from the state…..her money was held up so she couldn’t pay when it was due.Her account was closed because her boyfriend stole her atm card.Do you know what they will do??She is worried they will call the state and take her money…can they do that?? It was only 100.00. Thanks for your help!!
Best answer:
Answer by OC1999
Payday loans can be very bad. Most likely if it is returned she will not only be charged additional interest but an Returned Check fee from the place she got the loan. These amounts are probably in the agrement she signed when she got the loan, but from what I have heard it could end up costing her almost double the original amount.
They won’t take the money she is getting from the state right away. If she does not pay the new balance they will probably turn it over to a collection agency and show up on her credit report. There is also a company called ChexSystem, this is a database of people who have had checks returned. Once it is in this system it will make it very difficult for her to open up another Checking account for several years. They could eventually go to court to try and take money, but if she does not have a steady job that probably won’t happen.
If at all possible she needs to call them and see if she can work out a payment arangement.
What do you think? Answer below!
