Payday Advance Loans

Payday Advance Loans- Poor Michelle

We don't like to recommend payday advance loans because they tend to get customers into more trouble than out of it. Here is one story from Michelle in New York.

The story of Michelle and payday advance loans

"I got a payday advance for $200 once because I just needed an extra $100 for rent and thought I may as well get another $100 if I was already getting this payday cash advance anyway. But the company was very clever about disguising when the payday advance loans were due back and how much the interest/fee would be if I missed the date. Sure enough, I assumed the payment was due one week later, but when I paid it I was charged because it was paid early! It was written on some paper in tiny print that early payments are as bad as late payments.

Exorbitant cost of Michelle's payday advance loans

All in all these payday loans cost me $350- almost double what I took out. I was embarrassed to ask my boyfriend for the money, but I should have done it because after the payday advance loans I had to ask anyway. And then I just looked sketchy and secretive. I would not recommend payday advance loans to anyone. I learned from my experience that everyone is out there to take advantage of unsuspecting consumers, and that I should ask for help when I need it. Even if my friends had offered to loan the money with an interest rate, it would have been lower that the payday advance loans interest rates were. I look at the situation as a good lesson, but I wish I had been smarter, asked more questions, and asked for help when I needed it. I have never heard of payday advance loans helping anyone really, only getting people into more trouble. Stay away from payday advance loans if you can- that's my advice."

One step ahead of payday advance loans

Take it from Michelle, don't get payday loans, look in other directions for help. Your payday advance loan experience doesn't have to be a nightmare - as Michelle's was. In fact, if you do your homework first, you may just have a much better time of it. If you must borrow courtesy of check advance loans - research the selection of companies first. Look to the Better Business Bureau website and www.ripoffreport.com for complaints. If there are none, this is a good start. the next step is to find an online payday advance service you can trust. In-store lenders tend to be more aggressive in their collection policies, and the speed of the internet allows you to quickly and effectively "shop around" for the best fast payday advances.

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