Look like good old Uncle Cecil is having another grumpy day. He had a little rant on payday loans in this piece below. He is right though. For anyone to say payday loans carry a slightly higher interest rate than other lending products is ludicrous.
It never cease to amaze me how much crap I see online. When it comes to slime lending, it never stops flowing. Below is a classic bit of gibberish written on payday loans.
“The interest rates of no fax payday loans are slightly higher. But borrowers should take the advantage of the prevailing competition fever among the lenders and can spot a marginal rate. So, to get reasonable rate borrowers should collect and compare the quotes offered by different lenders.
No fax payday loans have made the process of withdrawing cash much easier. The cash can be approved within the same day or before the next business day, which ever is possible earlier. The services of no fax payday loans no paper required also makes the approval process fast and free from documentation process. The no fax payday loans provide services round the clock.”
Notice how they make it look like a payday loan is actually a good idea. My favorite line is that faxless payday loans have “slightly higher” interest rates.
How about 300%!!!!
Calm down Uncle Cecil….better go back to poking your pipe with wacky-tabbacky again.
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