What are online payday loans?
What to do if you need money quick
We’ve all been there; cars break down, refrigerators break, you or a family member gets sick. Emergency expenses come up. It’s always tough, but the good news is that you have options. Online payday loans can provide temporary financial assistance, and you can get your cash quick.
Do you need to make payments?
What you may not know, however, is that if you’re unable to pay off your online payday loan on your next payday, it could cost be costly. A payday loan company will allow you to extend or “roll over” the balance of your loan for another two week, but you’ll have to pay the same fees all over again to take out whatever amount you originally needed.
So, if you took out a $300 loan at $15 per every $100, it would cost you another $45 to extend the time you have to pay off your online payday loans. Basically, you’d have to take out an online payday loan to repay your previous loan, plus fees, and then get stuck with higher fees when your second online payday loan comes due.
Installment loans can help
Short term installment loans, on the other hand, allow you to keep more cash in your pocket every payday by making equal payments; all of which apply a set amount towards the principle of your balance. Therefore, this is the best way to knock out bigger temporary cash crunches. If you’d like to learn more don’t hesitate in visiting the following page: short term installment loans.
Whether you need online payday loans or short-term installment loans, all you need to do is click “Apply Now” and you’ll be on your way to getting a loan of up to $1,500 quickly. Don’t let another day go by without getting the cash you need.