Question by  testes000 (13)

Is it easy to get a Payday personal loan?

I hear there are a lot of problems afterward.


Answer by  Aubs (1089)

Yes, it is very easy, but there ARE many things to consider. They charge a high interest rate and if you are late on paying it back, they sock you with hefty fees. It is much better to avoid these services unless it is a true emergency.


Answer by  mem4dr (1378)

It is generally easy to get approved for such a loan. The problem is that these loans often come with enormous interest rates and if you don't pay back the loan promptly, you can accrue interest charges well in excess of the original loan amount.


Answer by  LeheckaG (1826)

In most U.S.-states, "Payday & car-title loans" are "too-easy" to receive (your identification, last-PayStub, & banking-information). Short-term-lenders do not make enough money at financial-market interest-rates (


Answer by  senthilc5 (4)

it is not that much easy. they are checking all history before they avail personal load. they are asking 6 month salary slip & 6 month bank statement. Those whose credit history is bit low also they are not giving the amount which we asked.

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