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Emily decided to apply for a cash
advance payday loan. She knew it would be foolish
simply to trust a lender of these loans for
information. Searching on the internet, she found a
website that did not belong to a payday advance
loan lender, but instead reviewed the payday loan
lenders.
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She visited the website of online payday advance
loan lender that was rated particularly well. Emily
knows there are a lot of cheats on the web, so she
was careful. Here?s what she looked for: The loan
company?s website had a link to the Better Business
Bureau. Clicking on the link, Emily saw the
company?s record: member in good standing with no
unresolved complaints. The loan company?s
application clearly stated what the fees were, and
what the annual percentage rate (APR) was. It also
stated what penalties Emily would have to pay if
she did not pay back the loan on time. Looking at a
few other websites, Emily saw that the original
loan company?s loan terms, fees, and interest rates
were competitive. She double-checked that her
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outstanding bills. She then checked into all the
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didn?t want to have to take out another loan after
that. Emily figured out that she would have $300
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and the next month?s paycheck. Living for 40 days
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Searching on the internet, she found a website that
did not belong to a payday advance loan lender, but
instead reviewed the payday loan lenders.
--------------------------------------------------------------------------------
She visited the website of online payday advance
loan lender that was rated particularly well. Emily
knows there are a lot of cheats on the web, so she
was careful. Here?s what she looked for: The loan
company?s website had a link to the Better Business
Bureau. Clicking on the link, Emily saw the
company?s record: member in good standing with no
unresolved complaints. The loan company?s
application clearly stated what the fees were, and
what the annual percentage rate (APR) was. It also
stated what penalties Emily would have to pay if
she did not pay back the loan on time. Looking at a
few other websites, Emily saw that the original
loan company?s loan terms, fees, and interest rates
were competitive. She double-checked that her
upcoming paycheck would be enough to cover all her
outstanding bills. She then checked into all the
bills she would have to pay in between her upcoming
paycheck and the one after that. After all, with
her next paycheck going to repay the payday advance
loan, she would need to make sure there was enough
money left over to pay her remaining bills. She
didn?t want to have to take out another loan after
that. Emily figured out that she would have $300
left over after she paid all the bills between now
and the next month?s paycheck. Living for 40 days
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