We will also not ask you to fax any documents when you apply part payment of personal loan letter our site. However, if your application is approved, some lenders might want to see documentation regarding your employment. Please also note that our service is free of obligation and fees. And, we are constantly striving to make the entire process as hassle free and smooth as possible.
PLEASE READ TERMS CONDITIONS OF LENDERS OR BROKERS BEFORE PAYING ANY UPFRONT FEES. We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayment, please do not apply with us in the first place.
It is not worth risking your credit rating for such a small amount. Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions.
The operator of this website is not a lender and does not make credit decisions.
Dangers of Payday Loans. The most obvious problem with payday loans is their extremely high interest rates. The fee for part payment of personal loan letter payday loan can be anywhere from 10 to 30 per 100 borrowed, which works out to an annual interest rate of 261 to 782.
But these loans also have other dangers that are less obvious. These dangers include: Renewal Fees. When borrowers cant pay back a payday loan on time, they either renew the loan or take out a new one. So even though they keep making payments on their loans, the amount they owe never gets any smaller. A borrower who starts out with a 400 loan and a 60 interest payment and then keeps renewing the loan every two weeks for four months will end up paying about 480 in interest and will still owe the original 400.
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