Quick Links

This Day in Music History

Music Education @ DataDragon.com

Music Education Forums

Maintain Your Forum Information

Bernadette Peters - Broadway's Best

Sudoku (take a break for a puzzle!)

Topic: paydayloans
From the Music History forum.

Post a reply or begin a new topic.

View other threads or jump to a different forum.

AuthorTopic:   paydayloans
Registered User

posted: 7/25/2022 at 4:54:49 AM ET
View kanewilliamson024's profile  Get kanewilliamson024's email address  Edit/Delete this message  Reply with a quote  

Borrowers generally use payday loans, which have a short period and high interest rate, to pay for unforeseen needs. The loans normally have a short term of a few weeks and are for small sums of money. Payday lenders frequently promote that consumers can "revolve" their loans, which means they can obtain new loans to settle existing ones. Is this, however, actually the case? Payday lenders typically forbid borrowers from cycling their debts. Because the loans are short-term, the borrower will end up paying more in interest and fees if they keep taking out new loans to pay off the old ones. Read more here

Do you think this topic is inappropriate? Vote it down. After a thread receives a certain amount of negative votes it will be automatically locked.

Please contact us with any concerns you might have.
Site Design/Implementation copyright (©) 1999-2003 by Kevin Lux. Our privacy statement.
Please email with any news updates or pictures you may have.