A Payday Loan Can Help With Financial Emergencies!
There are times when we are not entirely prepared for a financial emergency. A small loan can mean the difference between bills that are paid and bills that are left outstanding, to be dealt with later. By that point, there may even be late fees tacked on that prevent you from paying the bill for a longer amount of time.
Even when working through the most thorough budget, an unexpected car repair or medical bill can make its way into the mix and disrupt careful planning. In a financial emergency, where can you turn? A bank? Your family? You can use Payday Central to help. We are there for you.
Unexpected bills and expenses have caught us all off guard. Our loan request process is quick and convenient and you can get your money as soon as the next business day, if approved.
Not only are we committed to providing you with great customer service, but we are committed to providing a convenient and quick process. You can request a loan online from your own home, your office, or even on the go from your mobile device. This way, we can ensure that no matter what, and no matter how busy your lifestyle is, that we can help you in your time of financial need.
APR – Interest Rates and Repayment Explained
The annual percentage rate (APR) is the annualized interest rate that you are charged on your cash advance loan. PaydayCentral.com is not a lender and doesn't provide loans, but it does refer consumers to lenders and financial service providers we work with who can provide quick and convenient loan assistance. We don't charge fees for this service. PaydayCentral.com does not have the ability to tell you the exact APR that your lender will charge. Annual percentage rates can vary based on not only the information that you supply in your initial loan request, but the information that your lender supplies to you as well.
Your lender will give you all the details on the annual percentage rate, cash loan finance charges and other terms on the loan agreement. If you require assistance with any PaydayCentral.com-related services, you can contact us at your earliest convenience.
The APR associated with cash advance loans can generally range from 6% to 36% percent depending on how it is calculated as well as other variables including any incurred fees (nonpayment, late payment charges, etc.), the term of the loan, and loan renewal options.
Important Points to Consider
PaydayCentral.com works with a network of lenders and financial service providers who can provide potential borrowers with detailed information concerning loan terms and conditions prior to accepting any cash advance loan offer. We recommend that you review the terms of any loan offer you may receive. You can view the Responsible Lending Practices and Rates & Fees sections of our website for more information.
If you get approved for a cash advance loan, the lender will provide you with the exact fees and interest rate associated with the loan prior to you accepting their offer. As mentioned earlier, PaydayCentral.com is not a lender, so we cannot tell you what the exact fees and interest will be. Please note that you are never under any obligation to accept the loan terms that a lender offers you.
"If you receive a $5,000 36-month loan at an interest rate of 6.03% with a 1.11% origination fee of $55.50, you will receive a loan amount of $4,944.50 and will make 36 monthly payments of approximately $152.18 at a 6.78% APR."
"In the case of a $15,000 60-month loan at an interest rate of 7.90% with a 3.00% origination fee of $450.00, you will receive a loan amount of $14,550.00 and will make 60 monthly payments of approximately $303.43 at a 9.20% APR."
Accepting the terms and conditions for a loan offer essentially means that you agree to repay the loan with interest in the time specified in your loan agreement. If you aren't able to repay your loan in full or should you make a late payment, it is likely that supplemental charges could apply. PaydayCentral.com does not have the ability to predict what charges you will incur in the event of nonpayment, late payment or partial payment. In addition, we have no control or knowledge of the loan details between you and your lender.
Please review the partial payment, late payment and nonpayment policies that are detailed in your loan documents provided by your lender. PaydayCentral.com works with lenders and financial service providers that follow all applicable laws.
It is important for a borrower to understand that being late on a payment, missing a payment or rolling over a payment will all negatively impact their credit score. Your credit score is a numerical expression of your credit worthiness based on an analysis of your credit files. A credit score is primarily based on credit report information typically sourced from the credit reporting agencies. Failing to pay on time will negatively affect this score and make it harder for you to do things like take out a credit card or get a loan. While less than perfect credit will not necessarily prevent you from being able to receive a loan, all loans are subject to credit approval. PaydayCentral.com may do a "soft pull" of your credit information, which will not impact your credit score. Furthermore, the lender that you are connected with may run a credit check with one or more credit reporting agency. If you had many credit checks in a given period of time, then it is possible that this check may negatively affect your credit score.
As previously stated, PaydayCentral.com is not a lender, and we do not get involved in the process of debt collection. As part of the loan documents your lender will provide to you, you will find detailed information concerning their specific debt collection practices. If you are unsure of what those collection practices entail, we suggest that you contact the lender. PaydayCentral.com works with lenders and financial service providers that follow all applicable laws.
Prior to accepting a particular cash advance loan offer, you will be presented with various loan renewal options by your lender. Carefully look through the lender's loan renewal policy before you electronically sign loan documents of any type. Be aware of the fact that state regulations determine lenders' loan renewal policies to a significant extent.
Loans should not be used as a long-term financial solution. At PaydayCentral.com, we always encourage borrowers to repay their loan fully and by the time it is due so they can avoid fees such as late penalties and nonpayment penalties. If you think that you may experience difficulty paying back a loan after borrowing it, PaydayCentral.com advises you to closely examine different loan alternatives before you take the step of requesting loan assistance through us.