Has anyone had experiences with “Payday Loans”?

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Question by chok.init: Has anyone had experiences with “Payday Loans”?
Are there any payday loan companies that allow you to pay off the loan in installments? I need some emergency cash but can’t pay it back in just 1 payment on next paycheck.

Best answer:

Answer by Tonya
Actually, most Online Payday Loan companies will prefer that you pay them back in installments. That is how they maker their money. Although there is a place for short term payday loans, such payday loans should be taken only after careful consideration as they can become quite expensive.

The site below explains alot of this.

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4 Comments for “Has anyone had experiences with “Payday Loans”?”

  1. Mark

    There are lot and lots of payday loan companies who give you instant cash loan. The main problem is the interest rate. You will end up paying more interest rate. The advantage being you will get the loan in very short time. Most of the payday loan companies have direct deposit functionality and others have check deposit facility. You can apply online and get the loan in no time!

    I hope http://loan-guides.net will help you in getting a payday loan online.

  2. MadMan

    Stay away from all of them. The interest rates are so high, you will spend much more on interest than on principal.

  3. thearticlepress

    This article I found may help

  4. Michael

    I would recommend http://www.advanceloan.net/

    You could get up to $ 1500 in as little as one hour by applying for a quick cash loan. Furthermore, low fees, nothing to fax and bad credit ok are their pros

    Good luck :)

    -Michael

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