Providing Fast Individual Loans Opposed to Small Business Loans
Mypaydayloan is in the payday loan business which means we are providing customers with short term, personal loans. If you are in need of a small business loan, Mypaydayloan and payday loans in general are not for you. A payday loan is meant to be a two week loan as it’s a short term loan. The thinking behind this type of loan is that most people get paid every two weeks, so by creating a two week loan we are in effect creating a pay day loan. The intention is for customers to take out the loan and pay it back with their next paycheck.
All customers have the option to extend their due date if they cannot pay back the loan in the initial two weeks. This option is available for your convenient but we advise you not to abuse it. The longer you put off repayment, the more money you’re going to owe in finance fees.
The finance fees are assessed every two weeks, so if you pay off right away you will only pay one set of fees. However, if you’re a new customer you qualify automatically for a free loan. In the case of a free loan, Mypaydayloan will waive the initial finance fees when you pay it all off. This means if you pay off immediately you will not have to pay any finance fees. It really doesn’t get much better than a free cash advance loan, so check it out today at www.mypaydayloan.com. Visit our FAQ page for a list of frequently asked questions and answers or contact our customer support team.
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