You should check your loan agreement for your lender's policy on automatic loan renewal prior to e-signing it. If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set up. Your lender may offer payday advance cadillac mi other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.
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A payday loan is a short-term loan with high fees that make it a very expensive way to borrow money. You can borrow up to 1,500.
You must pay the loan back from your next paycheque. If you cant pay it back payday advance cadillac mi time, you'll face more fees and interest charges. This will increase your debt. Payday loans are meant to cover a cash shortfall until your next pay.
Avoid using them for ongoing costs such as rent, groceries or utility bills. If you use them in this way, you may end up in financial trouble. Privately-owned companies offer payday loans in stores and online. What to expect when you take out a payday loan.
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