Wednesday, February 14, 2007

Looking for a loan ? You've found the right website!

Yeah mates, I've found a site where you could easily ask for a loan, that you may use for your personal aims.
It's not the same loan we usually listen to; it's something different. It's called "Payday Cash Advance Loans" . I'll try to say something about it here.
As SecureLoanConsolidation.com itself says,

Payday loans are typically done on a short-term basis; the length of time varies per lender. Generally, the money borrowed is due on the borrower’s next payday, which can be anywhere from a week to 14 days.
Because payday loans are comparatively short-term, most lenders charge a loan fee instead of Annual Percentage Rate (APR). The APR is an interest rate that signifies the yearly cost of credit. Since a payday cash advance loan is actually designed to be repaid in full within two weeks of the loan date, charging APR on that loan would leave the loan company with a very small amount of interest. As a result, payday loan companies charge a small service fee for their loans. This service fee is usually calculated on a sliding scale, based on the amount of the actual loan.

Guess everything is clearer, now.. Ain't that?
If you need some infos about payment, I've another fragment for you:
The average lender will charge $15-20 on a two-week payday loan. At that rate, the borrower will owe $15-20 in interest on a $100 loan. The finance charge is determined before the borrower accepts the money, and is typically shown on the contract between the lender and the borrower. Because the loan is short-term, the fee ends up being a low cost one, especially considering the APR cost of the loan.

Well yes, now I think it's much better.
But if you still need some more infos, you'll be able to find everything you need here.
Contact me if you want, mates!!
Try it now!

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