Blog Posts by Newway Watch

  • How to Avoid Payday Loan Rip-Offs

    The popularity of online payday loan options is great for those looking for an immediate solution to a financial crisis. However, as with most online ventures, there is an element of risk involved if you don't fully research the company you are doing business with as well as the details of your transaction before you hand over your personal information and sign on the dotted line.

    Approaching Payday Loans with Caution Most of the payday loan companies you find online are legitimate businesses with a similar sales platform: if you need cash fast, all you have to do is provide proof of employment, access to a valid checking account, and a promise to repay within two weeks and the money is yours. Different companies offer different repayment requirements, so it's important to make sure you know exactly what is required of you before you agree to the transaction.

    Most of the time, you should be offered a flat fee for your payday advance loan (typically around $15 per $100 taken out).

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