Question:
Normally, I would never use one of those check cashing places, but since we'll be paying it back right away I'll give it a try. The other day, I overheard a commerial on TV advertising 16 week loans, but I can't remember the name of the place. It's not an online thing, it's an actual store. Anyone remember which place that is?
Answer:
they charge huge interest
No
They will hit you with interest during those 16 weeks so please be careful.
try checking out companies online too... search for 'payday loans' in the web.
they charge huge interest and dont go for them if u dont really need the money... coz in addition to about 60% annual interest... which wld b around 18% interest for the 16 week period, they also charge processin charges, etc. etc. which would make it very expensive..
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