What happens if you have more than two outstanding loans
Date: Thu, 11/08/2018 - 05:53
What happens if you have more than two outstanding loans
There is no as such limit
There is no as such limit what I know. However, the payday loan lenders can charge about 390% APR. So, be careful and know about these things before you take out a payday loan. Maximum loan that you can take out is usually $500. And, in most cases, you can get the amount within 1 day.
Various things can happen
Various things can happen when you have more than 2 outstanding payday loans in Kansas. For instance, you may have to pay a heft amount to lenders due to the compounding interest rates. Lenders can debit money from your active checking account and leave you penniless after you get your next paycheck. Try to settle your payday loans as soon as possible. You can 800-DEBT-913 to know your options.