Please stop using payday loans. There are new payday services where you can use your actual pay check to get advances for 5 dollars a transaction. I had a 500.00 loan. Refianced it and that 500.00 turned into. 686.00. Made a 422.00 payment. Then went to payoff the balance. It was even more to pay it off 696.00. This is supposed to be an "installment" loan were so much go to principle and so much to interest. The whole 422.00 went to interest and nothing goes to principle until the interest is paid. This is totally unethical and unjust and predatory. Who uses these places those who dont have access to traditional loan services
Usually those who live paycheck to paycheck. But thanks be to God, He has blessed our financial situation where we have paid off all of these accounts. But this was the worst. We did have much better rates with other services but Speedy Cash is a loop of financial enslavement if you do not have the means to pay off in full. Please do not use Speedy Cash and stay away from all payday loans where you are paying back interest only. read more