There is one that I found on the internet that changed $9.31 per $100. Assume that you get the loan for 1 week, the APR is 484.12%.
☼
How many percent does a payday loan take if you borrow money from them?
Some as much as 3 digit interest rates by the time they are through with them because historically people are in trouble when they get these loans and can't repay so the wheel just keeps going round and round.
Reply:around 17%. The more you take out the less interest you have.
Reply:Usually the interest is about 25 dollars for every 100 dollars you borrow. These loans are the worst things you can get yourself into. These payday loan companies are ripping poor people off and it is a bad business. Unless you are in dire need of cash I wouldn't recommend it.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment