Forum Title: Paycheck loans
What are the problems associated with paycheck loans?
Category: Loans Post By: ELAINE JACOBS (Colorado Springs, CO), 03/24/2017

Paycheck loans are also known as payday loans. These are short-term, high interest borrowing giving people access to quick money in times of need. Paycheck loans are such that the loan amount needs to be repaid immediately after the borrower gets his next paycheck. However, all paycheck loans are accompanied with a post-dated check containing the loan amount plus the fee so that the lender can cash it when the term is over.

- ESTHER BISHOP (Gilbert, AZ), 03/18/2017

- , 03/28/2024
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