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Make sure you understand the agreement. The payday lender will ask you to sign an agreement that shows your loan costs, including interest, fees and the due date. Read this document carefully before signing it. Ask the payday lender about anything you dont understand.
How much payday loans cost. Payday loans are very expensive compared to other ways of borrowing money. This speedy loan cash california because: you pay high fees you're charged a higher interest rate than on a regular loan or line of credit you may have to pay a fee if your cheque or pre-authorized debit doesn't go through. These high costs can make your loan harder to pay back, which can increase your financial difficulties and stress.
Before taking out a payday loan, be very sure that you can pay it back within two weeks.