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How to differentiate between honest payday loans and debt scams?

Our payday loans are just for you if you are trying to cope with debts or having problems repaying your bills you can be vulnerable to be trapped by some dishonest creditors. We are here to help you to understand the difference between those who really want to support you when you are in difficult situation and those who want to use your financial crisis and make profit which will cost you a lot of money and nerves.

How to develop your budget?

First of all, before applying for a payday loan you should realize how much money you earn and how much you spend. To have a clear picture of your financial situation is easy when you have your budget plan in front of you. If you don’t know how to do it use some online services to help you. You should calculate all possible charges and interest rates in order to make sure that you won’t have problems on the due date of the payday loan’s repayment.

What to do if you have some emergency situation?

Each person can plan something but life is unpredictable and we all have unexpected need in extra money. What to do if you have to repay your payday loan but you need this amount of money for other purposes?

Everything is easy. Your actions should be the following:

  1. Contact your payday lender.
  2. Inform him about emergency situation.
  3. Ask about the possible variants of solving your problem.

What should you know before signing the contract?

If you have chosen instant payday loans as a solution to your financial problems you should be aware of some points before signing the agreement. Your payday loan lender is responsible for providing you with the following information:

  • Price and terms.

    You should have a clear picture of interest rates and all possible fees.

  • Offers.

    It means that the lender should consider your situation and offer you the best possible option for you now.

  • Non-payment.

    Responsible lenders of payday loans must warn you beforehand what are the consequences of the non-payment on the due date for you to be ready to deal with this situation on time.

Who can be called scams and how to avoid being trapped by fraud lending companies?

Today’s market of payday loans has a lot of companies operating in this sphere but not all of them can be trusted. We are going to teach you how to differentiate between honest and dishonest lenders. You shouldn’t cooperate with the company if:

  1. The lender has asked you to pay some fee in advance

    There are situations when the sum of fee they ask you to pay ranges from $100 to several hundred dollars. Advance-fee loan guarantees are a bad sign pointing out that the lending company is just a scam because your direct payday lenders never ask you to pay anything in advance.

  2. Check if they have an official website with contact information

    Otherwise, it can be the lender who is worth choosing because all official lenders who have the right to practice giving payday loans have website for the clients to be able to look through the information about the services and contact numbers to have a possibility to get the consultation from the company’s representative.

  3. Avoid offers of repairing your credit score.

    Customers with bad credit history are usually trapped easier because they want somebody to help them in restoring their bad credit reputation. But there is nothing you can do for a fee in this case. If you want to improve your credit score you can do this with the help of our payday loans free of charge. After having become our customer and having repaid your loan on time you will get good mark in your credit history automatically.