Warning: Creating default object from empty value in /homepages/34/d442112631/htdocs/PoorCreditLoansToday.com/wp-content/themes/headlines_enhanced_v3/functions/admin-hooks.php on line 160

Payday Loan: Get an insight into its drawbacks

Your ads will be inserted here by

Easy Ads.

Please go to the plugin admin page to set up your ad code.

Payday Loan: Get an insight into its drawbacks

Are you going through a short term cash crunch and are planning to opt for payday loans? Before you consider using them, view this video about the drawbacks and the pitfalls of payday loans. Get an insight into different types of payday loans, how they work and what harm can they cause to your financial health.
Video Rating: 4 / 5

Your ads will be inserted here by

Easy Ads.

Please go to the plugin admin page to set up your ad code.

22 Responses to “Payday Loan: Get an insight into its drawbacks”

  1. Hello! thank you for this helpful video. By the way, I hear many people keep on talking about low rate payday loan provider known as Zuntrasoft Payday (do a search on google), but I’m not sure if it is really good. Have you considered Zuntrasoft Payday? I’ve heard many good review about this legit payday loan provider and my work buddy got the cash in just 1 hour after he applied without credit´╗┐ check and fax. But he refuses to tell me ­čÖü

  2. I’ve used payday loan two times in the past year due to boiler and car problems and the bank would not help me out. In my honest opinion, payday loan can really helps customers with poor credit history in case of emergency if you are able to afford it. Personally, I used this legit company known as “Zuntrasoft Payday” (do a google search) before. Thanks to Zuntrasoft Payday, I managed to get my cash in just an hour after I applied without credit check´╗┐ and fax.

  3. Hey there! thank you for this useful video. By the way, I hear lots of people keep on talking about low rate payday loan provider known as Zuntrasoft Payday (just google it), but I’m not sure if it is good. Have you thought about Zuntrasoft Payday? I have heard several amazing review about this legit payday loan provider and my cooworker got the cash within an hour after he applied without credit check and fax. But he´╗┐ refuses to tell me ­čÖü

  4. @bwotyqr I thought the same thing. I searched´╗┐ for ages till I found somewhere good for a cash advance. This is where I got it, instant approval >>> bit.ly/OGK7HV?=wzscqj

  5. Guys, get payday loan does not have to be hard (I used to feel it did). I’ll´╗┐ give you some advice right now. Search a legit payday company known as Zuntrasoft Payday (do a google search). Seriously, I managed to get my cash in just one hour after I applied without credit check and fax.

  6. Guys, get payday loan does not have to be hard (I used to feel it did). I’ll give you some advice right now. Look for a legit payday companycalled Zuntrasoft Payday (do a google search). Seriously, I managed to get my cash within just 1 hour´╗┐ soon after I applied without credit check and fax.

  7. It still surprises me, how lot of people don’t know about Zuntrasoft Payday´╗┐ (google it), despite the fact that lots of people have a great review on this payday loan company. Thanks to my buddy who told me about Zuntrasoft Payday, I got my cash within one hour after I applied without credit check and fax.

  8. I have used payday loan 2 times in the´╗┐ past year because of boiler and car problem and the bank wouldn’t help me out. In my honest opinion, payday loan can help customers with bad credit in case of emergency if you are able to afford it. Personally, I used this legit company known as “Zuntrasoft Payday” (search on google) before.
    Thanks to Zuntrasoft Payday, I got my cash in just 1 hour soon after I applied without credit check and fax.

  9. I have used´╗┐ payday loans twice in the past year due to boiler and car problems and the bank wouldn’t help me out. In my honest opinion, payday loans can really helps customer with poor credit in case of emergency if you are able to afford it. Personally, I used this legitimate company known as “Zuntrasoft Payday” (do a google search) before.
    Thanks to Zuntrasoft Payday, I got my cash in just an hour soon after I applied without credit check and fax.

  10. I have used payday loans twice in the past year because of boiler and car problems and the bank would not help me out. In my honest opinion, payday loans can really help customers with bad credit history in case of emergency if you’re able to afford´╗┐ it. Personally, I used this legit company called “Zuntrasoft Payday” (do a google search) before.
    Thanks to Zuntrasoft Payday, I got my cash within an hour soon after I applied without credit check and fax.

  11. I’ve used payday loan twice in the past year because of boiler and car problems and the bank would not help me out. In my honest opinion, payday loan can help customers with bad credit history in case of emergency if you´╗┐ can afford it. Personally, I used this legitimate company known as “Zuntrasoft Payday” (google it) before. Thanks to Zuntrasoft Payday, I got my cash within one hour after I applied without credit check and fax.

  12. I have made several loans, as long as you pay them back in a month´╗┐ or 2 I have never had a major problem, I think if you cannot afford to do the loan don’t do it, maybe go borrow from a friend or family member. or just don’t do a loan.

  13. I think that we’ve found installment loans are a much better option than payday loans. We got one from fastcashvegas com and the interest is a´╗┐ whole lot less, and they also give you a longer period to pay back.

  14. @fermionsandbosons You cannot´╗┐ even type liar properly. Moron!

  15. You mentioned payday loans “cost” Americans $4.2 billion in fees. But in 2006, consumers spent $4.2 billion in ATM charges to withdraw their own money. They paid an estimated $22 billion in NSF fees to banks & credit unions, and banks´╗┐ collected an estimated $10.3 billion for overdraft protection. Businesses charged an estimated $57 billion in late bill payment fees. And credit card interest cost consumers more than $87 billion.

    Watch the attached video for APR comparisons.

  16. economist Donald Morgan:

    Who then benefits from payday loan bans? Credit unions, for one, notes Morgan. He says interest rates on overdrafts charged by credit unions and banks can exceed 2,000 percent, dwarfing the´╗┐ high interest rates on payday loans. Credit unions, he adds, have been especially hurt by payday lenders cutting into their overdraft fees.

  17. The notion that $793 is paid for every $325 loaned is deceptive. It suggests that an individual takes out a single loan of $325 and pays it off along with an additional $468 interest. In fact this number is based on an assumption that a borrower receives a $325 loan and pays a´╗┐ fee of $52 nine consecutive times, piling up $468 in interest before the borrower is able to pay off the principal. This is precisely the type of rolling over that is widely limited or prohibited by law.

  18. the claim of APR as high as 390 percent disguises some´╗┐ important caveats. To reach this APR, the consumer would have to roll the loan over repeatedly. This scenario is unlikely, it says, since rolling over these loans is illegal in 22 states and severely restricted in eight others.

  19. what about the predatory lending of banks? What is the APR on a bank overdraft? What about Utility companies? What is the APR on a late fee? Credit Card Companies? They´╗┐ have been getting away with it for years. PaydayLoan companies are nothing compared to Utilities, banks and credit card companies.

  20. Get into the industry, I’ll be happy to take your money and not pay it back you´╗┐ greedy scum.

  21. I am considering getting in the payday loan business. However with all theses complaints, and countless states wanting to take action against them, I am getting skeptical. But I don’t understand why the industry is cutting its own throat. If they continue the way they´╗┐ are going they will be stifled out of business by government regulation.
    Come on guys, clean up your act before the government does. Maybe they feel that the end is near and they need to make their money now.

  22. someone who was in dire need, disabled,´╗┐ facing life on the streets or death without medication…have a heart, my government is cruel, i did not choose to be born here!