Do you have any information on those online cash loan services?


Question:
Have you ever applied for one of those online cash loans? You know..the ones that say that they will deposit the money into your checking account by the next day? I'm looking for someone who actually has done this. I'd like some feed back both positive and negative.

Answer:
First, SERIOUSLY consider all your other options. Even the best pay day loan sites are hella expensive.

www.paydayone.com is a service that I've used. They have the cheapest intrest rates that I could find. $1 per $100 borrowed per day. So for a 2 week, $500 loan, you pay them an extra $70. This is certainly cheaper than a place like Advance America or Check into Cash.

With paydayone, I think they start you out with a maximum $300 loan. You have to have a bank account, but they don't require you to fax in any paperwork, like bank statements.

Apply for your loan in the morning, and the money should be in your account by the next business day. They automatically withdraw the money from your account on your due date, so make sure you'll have the money in there on that day!

Good luck!
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