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Payday loans, direct lender
Is it possible to get a payday loan direct from the lending company instead of going to a check cashing company? Would it be cheaper/better to do so? I am in a bind and could really use the loan, but the last time I got one of these things it was awful and took me months to pay back! Any Help is appreciated!
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Hi. Don't do it!! Again. Payday loans are a RIPOFF. Do some easy research and you will find that the interest charged for payday loans is over 100%!! Do what!!
You said you have been in the payday loan trap before and paid it back - good job, that is excellent news. I think what you need rather than a small loan (that will end up costing you twice what you receive) is a plan. Do you have a budget? Do you know how much money you will bring in each month and an estimate of the expenses you have??
Step 1 - create a monthly budget. I can definitely help you with this in more detail if you would like. Ultimately, start with your income at the top of the page - and allocate according to the most basic necessities: food, rent, transportation.
If you would like to talk more about your specific situation I would really love to help. It sounds like a payday loan would be treating the symptom and not the true problem. Let me know!
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Avoid payday loans entirely! The interest rates are insane.
Look into small loan programs from local banks and credit unions. They offer much better rates.
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