AuthorsDen.com   Join | Login  

     Popular! Books, Stories, Articles, Poetry
Where Authors and Readers come together!

SIGNED BOOKS    AUTHORS    eBOOKS new!     BOOKS    STORIES    ARTICLES    POETRY    BLOGS    NEWS    EVENTS    VIDEOS    GOLD    SUCCESS    TESTIMONIALS

Featured Authors:  Nancy Shattuck, iDiane Hundertmark, iDarden North, iNancy Jardine, iFrank Ryan, iAudrey Coatesworth, iTuchy (Carl) Palmieri, i

  Home > Business/Investing > Articles Popular: Books, Stories, Articles, Poetry     

Steven E

· Become a Fan
· Contact me
· Articles
· 66 Titles
· 5 Reviews
· Save to My Library
· Share with Friends!
·
Member Since: Jun, 2007

Steven E, click here to update your pages on AuthorsDen.




Featured Book
This Can't Be Normal
by Diana Estill

Observational humor about family relationships, travel, and marriage...  
BookAds by Silver
Gold and Platinum Members


Featured Book
The House of Stones
by Carole Holt

The Earth tired of being ripped apart by humans which are killing many of the other life forms on the planet by their actions and way of life. Call on one of the most pow..  
BookAds by Silver
Gold and Platinum Members





   Recent articles by
Steven E

12 Tips Article Writing
Buying Real Estate Property
Build a System for Freedom
Best Practices when Investing
Are You Ready Now
Are You Passionate Enough
Are You Just A Product ?
Success Tips for the Beginner
Creating Multiple Streams of Income
Action-Oriented Individuals Like You
5 Sources of Equity
10 Ways to Save
           >> View all

About Pay day Loans
by Steven E   
Rated "G" by the Author.
Last edited: Thursday, July 05, 2007
Posted: Thursday, July 05, 2007

Share    Print   Save    Become a Fan


About Pay day Loans. Do you ever find yourself in a pinch and you need money fast? Learn what to do.

About Pay day Loans


Steven E.
Wake Up

For more information: Ask Steven E http://www.stevene.com


You can’t go far these days without seeing a Payday Loan offer. Some come in the form of an actual store (often times found in strip malls or in the parking lot of regular malls) while other offers are presented exclusively on the Internet. But what exactly is a payday loan?

A payday loan is normally a very small loan (under $1,000). Unlike regular loans, payday loans rarely require a credit check. The terms on payday loans are much shorter than other loans and the borrower is usually required to pay back the loan in full within anywhere from two weeks to two months. Payday loans are marketed as a way to get fast cash to hold the borrower over until their next paycheck.

When a borrower applies for a payday loan they are required to present the lender with either a post-dated check or permission to debit their bank account on an agreed upon future date. The finance charge is almost always very high and often comes in the form of a fixed dollar amount as opposed to an interest rate percentage that is found with a standard loan. Many payday loan companies are not licensed or regulated by consumer laws and will charge the borrower the maximum amount that they think they can get. Payday loans are generally very costly for borrowers and should be avoided if possible.

If you do find yourself in an emergency situation where you need to use the services of a payday loan company, then it is absolutely imperative that you repay your payday loan as soon as possible. If you’re unable to repay your loan at the end of the agreed upon term, you’ll be charged hefty fees in addition to the initial finance charge. Payday loans are much more expensive than other borrowing options. The average APR (annual percentage rate) on a payday loan is somewhere around 400%, however, it’s often as high as 5000%! If you have a credit card with available credit, you are almost always better off taking a cash advance from your card, as opposed to getting a payday loan. Even the highest credit card APR out there isn’t nearly as high as most payday loan rates.

Now that you’re aware of the potential pitfalls of payday loans, you can decide whether or not it is the type of loan product that fits your needs. Payday loans can be beneficial if you’re in need of fast cash in a pinch; however, be prepared to pay the price!

Around the world Steven E is known as a highly successful publisher, entrepreneur, speaker, coach, mentor, and best-selling author. The Team Publishers program, that he helped to develop, is the publisher of the Wake Up…Live the Life You Love best-selling book series with over 12 million stories in print. To find out more go to either http://www.wakeuplive.com today! Steven E is also featured in the movie Pass it On! http://wakeuplivepassiton.com

Web Site: wake up live



Want to review or comment on this article?
Click here to login!


Need a FREE Reader Membership?
Click here for your Membership!





Are you satisfied with your success? Satisfying Success by Tuchy (Carl) Palmieri

Satisfying Success is an organized collection of quotes, aphorisms, proverbs, wit and wisdom on the subjective subject of Success. This unique interactive approach engages you the ..  
Featured BookAds by Silver
Gold and Platinum Members


The Concierge Manual by Katharine Giovanni

This extraordinary guide will provide you with all the tools that you need to become a successful concierge, personal assistant and/or errand service professional. ..  
Featured BookAds by Silver
Gold and Platinum Members

Authors alphabetically: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Featured Authors | New to AuthorsDen? | Add AuthorsDen to your Site
Share AD with your friends | Need Help? | About us


Problem with this page?   Report it to AuthorsDen
© AuthorsDen, Inc. All rights reserved.