IMPORTANT DISCLOSURE: PaydayLoanHelpers.com provides a DEBT RELIEF SERVICE complying with state and federal laws. We DO NOT broker loans, offer loans, or match individuals with loan providers. WE ARE NOT A LENDER, or a lead generator for any type of loan.
Based on a two week loan, payday lenders typically charge an APR of between 390% and 780%. This represents a fee between $15 and $30 per $100 borrowed. Penalties for not repaying your loan on time can negatively impact your credit score, result in collection actions against, and fees of up to $50 per returned payment. Most payday lenders automatically renew each loan every pay period. Fees for the renewal typically are equal to, or greater, than the original fee.
We DO NOT charge service fees until AFTER we (a) reduce, settle or change the terms of each debt, (b) a written agreement is in place, and (c) that creditor has received at least one payment. We are not a law firm and do not provide legal advice. Please consult with an attorney if you are seeking legal advice or you have questions about collection efforts against you.