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Card Credit Employment No VerificationPosted on February 15, 2010. Where is the catch-line to those ez cash loans on? They say no credit check, no verification of employment ... Are they really going to lend me $ 1,500? I seriously need money or I'll lose my apartment and car. My credit score is 510 so I can not get a regular credit card. My friends and family can not lend me something. I start my new job Nov. 1 ($ 35K salary), but stopped working 2 months and that is a mighty big hole. I am desperate. From what I read on these sites, yes they will give you money (payday loan is what I am referring to), then they want you to pay it back, plus interest, normally natural but in the case of troubleshooting, the interest is outta sight, and you pay for a long period and pay 10 times more so. high interest rates ... the catch is probably that you must have a current account and they deposit the money into your account, and that's probably how they get payments as well. Not to mention the interest rate will most likely be higher because they are catering for people who need money and can not obtain loans at low interest. Be careful and read the fine print. Payday loans do not need to verify employment or to make credit checks because you need to give them access to your bank account. They also signed an agreement to let them garnish your wages in case of default. Interest rates are more like 600% APR. Yes, they will and you will pay about 200 per cent interest per annum. Get ready to grab your ankles. Any lender who will give you a loan to anyone that is doing it because they will take advantage of their desperation. You will be ripped off in interest costs. the catch is that there is a huge interest rate. No, they give you about half of what your salary The interest rate! They give you the loan, but expect a big chunk of change in the interest to repay. some may charge up to 25% of what you need, a loan of $ 1,500 to $ 1,875 a loan. If you borrow $ 200 you pay $ 350 off a Big Rip and not the first time they will not be ready, they'll loan you my 1500 500 but then you pay 800, but after 2 weeks, you must pay interest at least They will loan you money, but interest rates are rediculious and they make you use some kind of guarantee. I knew a guy who did it and he missed one payment and they took his car! they can, but you probly do not want CommentsThere are no comments.Leave a Comment |