Short Term Payday Loan

Definition: Short Term Payday Loan


A short term payday loan is a small, personal cash advance. A short term payday loan is meant to be a two week loan, but two week extensions are allowed if you let us know far enough in advance and you pay the extension fee. The best way to use a short term payday loan is to take it out when you need a few hundred dollars and then pay it back right away when you get paid in two weeks. A short term payday loan is a financial service that companies like Mypaydayloan.com offer to customers. When you take out a short term payday loan you are agreeing to the terms and conditions of the short term payday loan company.

Cost: Short Term Payday Loan


Among the short term payday loan terms and conditions are the finance fees. A short term payday loan will cost you $25 for every $100 that you borrow. If you take out a $300 short term payday loan you will have to pay back not only the $300 that you borrowed but you will have to pay back an additional $75 in finance fees. Each time you extend your short term payday loan by two weeks you will have to pay the finance fee. When you pay the short term payday loan finance fee you are not paying off any of your actual loan, so please keep that in mind when you decide to extend your short term payday loan. The good news is that if you are a first time short term payday loan customer you get your first short term payday loan for free. Instead of paying finance fees and the principal on the short term payday loan you only have to pay back the principle when you pay out in full. As you can see, the finance fees on a short term payday loan vary.

 

 

 


 

 

 

 


 


 

 

 




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This service does not constitute an offer or solicitation for short term payday loans in all states. This service may or may not be available in your particular state. The states this site services may change from time to time without notice. All aspects and transactions on this site, will be deemed to have taken place in our office in Costa Rica, regardless of where you may be viewing or accessing this site. Borrower is responsible for complying with any local statutory obligations that may exist in their state or area with respect to any transactions with Mypaydayloan.com