Is it possible to take out a pdl which I can repay with my next paycheck, not the immediate one?
Date: Thu, 08/15/2019 - 20:15
Is it possible to take out a pdl which I can repay with my next paycheck, not the immediate one?
When you are taking out a pdl
When you are taking out a pdl, you have to repay it with your next paycheck only! Else, it's gonna be insurmountable to pay off with your next to next paycheck, due to its high APR and finance charges.
PDL should be repaid with
PDL should be repaid with your next paycheck. If you need the money immediately, them you can take out a personal loan instead of PDL. Most of the PDL lending companies are scam. SO, beware!
It is always better to take
It is always better to take out a personal loan or you can also charge the amount in your credit card. If you can't repay the amount with your next paycheck, it is better to look for alternative options. When you know that you won't be able to repay the pdl with your next paycheck, why don't you look for other options? Don't play with your finances in such a way.
PDL should be paid off with
PDL should be paid off with the next paycheck only! But you should avoid taking out payday loans. You may opt for a cash out refinance or a personal loan instead.
Impossible.
Impossible.
The interest rate on a payday loan is so high, that it's impossible to pay it off with your next 2 paychecks. And, why do you need a payday loan by the way?
Yes, a secured loan is a good
Yes, a secured loan is a good option. But, be careful to repay it on time to avoid risking your property.