Category Archives: Utah Payday Loan Near Me

The biggest downside to payday advances could be the cost to your consumer

The Downsides to Payday Advances

Let us have a better glance at the costs charged by payday loan providers.

You would owe $110 at the end of those two weeks if you were to take out a two-week payday loan for $100 and were charged a fee of $10. Go through the mathematics.

$10 / week or two = $0.71 each day

OK, $0.71 a day may well not seem like much, exactly what in the event that you could not manage to spend this loan off for per year? Continue reading