Comments on: Different cash loans? please explain? http://www.cashpayadvance.org/cash-plus-money-loan/different-cash-loans-please-explain/ A Weblog about My Cash Pay Advance Fri, 10 Sep 2010 11:32:26 +0000 http://wordpress.org/?v=abc By: sugar4660 http://www.cashpayadvance.org/cash-plus-money-loan/different-cash-loans-please-explain/#comment-6827 sugar4660 Thu, 16 Oct 2008 02:49:57 +0000 http://www.cashpayadvance.org/different-cash-loans-please-explain/#comment-6827 Try the fact that the interest they charge is outrageous! For example: You borrow $200.00, and the payback amount is $230.00....do the math. What is the actual interest paid on a loan of $200.00? Also, if you run into trouble and cannot pay the entire amount, the lender will often allow you to pay the interest on the loan, BUT you do not pay it down like that. They are only going to apply the money you give to the interest on the loan.....the total amount of $230.00 remains due no matter how many times you give them an interest payment! Say they let you pay the interest five times, on the sixth visit you can pay the entire $230.00...by that time you have paid $180.00 in interest for a $200.00 loan! Is that reasonable enough for you? Try the fact that the interest they charge is outrageous!

For example: You borrow $200.00, and the payback amount is $230.00….do the math. What is the actual interest paid on a loan of $200.00?

Also, if you run into trouble and cannot pay the entire amount, the lender will often allow you to pay the interest on the loan, BUT you do not pay it down like that. They are only going to apply the money you give to the interest on the loan…..the total amount of $230.00 remains due no matter how many times you give them an interest payment!
Say they let you pay the interest five times, on the sixth visit you can pay the entire $230.00…by that time you have paid $180.00 in interest for a $200.00 loan!

Is that reasonable enough for you?

]]> By: dt http://www.cashpayadvance.org/cash-plus-money-loan/different-cash-loans-please-explain/#comment-6826 dt Wed, 15 Oct 2008 22:29:03 +0000 http://www.cashpayadvance.org/different-cash-loans-please-explain/#comment-6826 except in the case where the loan has added fees and other 'points' to increase the yield to investors beyond the stated interest rate. Look for the actual APR in the disclosure documents to include penalties for early repayment. except in the case where the loan has added fees and other ‘points’ to increase the yield to investors beyond the stated interest rate. Look for the actual APR in the disclosure documents to include penalties for early repayment.

]]> By: inked girl http://www.cashpayadvance.org/cash-plus-money-loan/different-cash-loans-please-explain/#comment-6825 inked girl Mon, 13 Oct 2008 13:26:10 +0000 http://www.cashpayadvance.org/different-cash-loans-please-explain/#comment-6825 yup, your right, even though places like cash-n-go make you pay more, they are virtually all the same. yup, your right, even though places like cash-n-go make you pay more, they are virtually all the same.

]]> By: hot chick http://www.cashpayadvance.org/cash-plus-money-loan/different-cash-loans-please-explain/#comment-6824 hot chick Sun, 12 Oct 2008 13:32:02 +0000 http://www.cashpayadvance.org/different-cash-loans-please-explain/#comment-6824 Not sure read some finance tips and more on this site Not sure read some finance tips and more on this site

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