They want to help you with a short-term solution, not a long-term trap. Absolutely one of the BEST lenders I have ever worked with, including mainstream lenders. Highly recommended. Thanks for believing in us.
You guys are making one little girl super happy. She now gets her new school clothes. Spotloan to the Rescue. Spotloan has been a lifeline to me on numerous occasions, I would highly recommend their service to anyone faced with unexpected expenses. Additionally, all of my dealings with their customer service representatives, both via phone email, have been exceptional.
Effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors.
Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on. See a Representative Example. Borrow 200 for 14 days with a 30 to 60 lender fee. Your estimated APR is 391 to 782 Calculation: (lender fee loan amount) x (amount of days in a year duration of the loan) x 100 Low End of Range: (30 200) (365 days 14 days) x 100 391.
07 High End of Range: (60 200) (365 days 14 days) x 100 782. 14 Payday loans are relatively expensive when compared with other loan products. Payday loans are not recommended as a long term financial solution and they should only be taken for emergency financial needs.
For example, A 300 loan means you are paying us back 345 on your next payday. A: No problem. Once you're finished your application and screen captures, just e-mail or call us and we can set that up for you.
Loans may not exceed 60 days in length. A: If your situation changes and you believe you might re-qualify, then please use the MyCanadaPayday application to capture an up-to-date 60 day history of your web banking. There is no need for you to fill out another complete application.
A customer service rep will be happy to update your file and re-submit your old application for review.
Although the APR associated with short term loans is higher than that associated with other forms of credit, it is still considerably less than the charges associated with overdrafts and nonsufficient funds.
Please see below for a cost comparison. вЂў Nonsufficient Funds with Bounced Check Fee: 45 total charge, 1173. 21 APR вЂў Overdraft Fee: 40 charge, 782. 14 APR вЂў Late Fee: 20 charge, 521. 43 APR вЂў Short Term Loan: 10 charge, 260. 71 APR. Implications of Late Payment.