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Once you submit your information, you will be redirected to the lender's website where you can review the terms of the loan, including details about all the applicable rates and fees.
Also known as cash advance loans, these are a risky option for anyone. Theyre high- cost, short-term loans that can often be predatory in nature. It may seem appealing if youre in a bind, as they advertise speedy cash or emergency cash in a hurry, but odds are theyll do more harm cash 1 loans phoenix az good. How payday loans work is rather simple. You provide the lender with a check dated for your next payday. The check will be for the amount youre borrowing, plus additional interest and fees.
They will provide you with a cash loan, and on your next payday they will cash your check to get their money back. The process is easy enough, but is it safe.
No, not quite. The problem with these loans is that the interest rates are extremely high, which makes it difficult to pay them back on time.