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Online payday loan experience?
#11
(01-03-2018, 05:26 AM)Henrywrites Wrote: It's unfortunate that I can't share a link as the experience happened with my uncle. I didn't know how, but he borrowed a payday loan and I have to say that the interest on top of the loan is almost the amount he borrowed and in as he can't feel the burden by repaying on a daily basis, I have to admit that he regretted collecting such loan. I wouldn't advise anyone looking for means to collect loans to go for such option because of the huge interest rate.

That's an awful experience for your uncle, I'm glad he had to share his experience with you and the rest of his family members in case anyone sees such opportunity tomorrow, it would serve as a deterrence towards getting such online payday loans.

I have learnt something in this life about getting offers that looks too good, there is always a downside to such offers which one wouldn't discover at the initial stage, and it's probably as a result of the urgent need for such money at the time. I would advice it's not best to be in a rush to get such loans and later at the long run one begins to regret his or her actions.
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#12
(01-04-2018, 10:26 AM)Dictator20 Wrote: I still don't experience online pay day loan but based on my research a online payday loan or installment loan, you can start your application immediately and get extra money before your next paycheck, without visiting a location. All you need to do is complete a short application from your home, or wherever you are. And they will deposit the money straight to your account. Very simple right?

It might look simple to register, but the controversies courting the payday loan is something to worry about in the sense that you'll only realize about the huge interest rate that you'll be paying on the borrowed amount after you must have become a member and that is not really a good way to do the business of lending in the sense that they should make things clear to those interested in taking up loans from them. 
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#13
We have very little online loan services in my country and it's mostly because of the economic system framework. Other reasons are marely unofficial like scams, defaulters and so much more.

Going back to your question, yes, I've had a little experience on online loan services. It was swift, fast, proffessional, convenient and above all less stressful with no paper work done.

The company runs different types of loan services ranging from personal, business, payday and a whole lots more.

They process started with an application download which is their main channel of loan application. I filled and answered all necessary questions and my loan application was put into review. It took maybe just two minutes for me to get an approval notification. I had the requested amount deposited into my local bank account in less than 10 minutes.
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#14
(01-03-2018, 06:47 PM)Michael Puttman Wrote:
(01-03-2018, 01:47 PM)Heart Wrote: Ive been seeing a lot of ads regarding online payday loans on my feed for quite some time now since some of my friends keeps on liking those type of pages. I have read that you only need a two valid ID, that you should take a picture and submit, Fill up a form then someone will reach out to you through video chat. After you got approved the money will be send to your account, they do have flexible payment terms as well and the interest would vary depending on how long you would want to pay the loan.

But have not tried it nor planning to try it. Since the requirements is just easy I can't stop thinking that they might have some hidden agenda or whatsoever.
Just curious, where do you see ads for payday loans online? As far as I know they are banned from advertising.

For real?? Maybe not in my country. I have seen it on facebook, I am sure I have seen it there, since my friend often appear on my feed that showed she commented on it saying "I have already send every requirements asked but have not receive any call from you." Not sure about the name of it but I can look for it.
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#15
(01-02-2018, 03:32 PM)Michael Puttman Wrote: I would love to hear some people’s experiences getting an online payday loan. I would specifically like to hear about:

How hard was it to get the loan?
Was the process 100% online?
Would you get another loan with the same lender?

Please include the lender name or website


I have taken a payday loan at this web site: https://credissimo.bg/salary

You can borrow up to 300 euros (about $360) for a period of between 15 to 30 days. Your first loan is WITHOUT any interest rate.

It was super easy to get it, I just filled the form at the web site. I had to go to one of their offices to actually get the money though. 

I wouldn't get a second loan with them again because this time there would be interest. There are plenty of companies that offer first payday loans without any interest rate, so why not take advantage of this. That's in Bulgaria by the way.
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#16
I consider pay day loans on par with loan sharks. I would simply try to work out a payment plan with whomever I owed money to, or do without. It isn't worth paying out of control interest on a loan or having to deal with harassing phone calls. I would not do it.
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#17
Reading that article that was copied and pasted reminds me of my current predicament, as I tried to apply for one of those loans and immediately was bombarded with e-mails and phone calls for loans the next day. How these people find these jobs to bother people about these loans I have no idea but I bet they barely ever talk to people on the other end of the line, lol. My situation isn't as bad as the one that was in the article but I still get calls once a day, and it's weird because I use Truecaller and I think it blocks them, so they leave a voicemail and then I have to clear my voicemail box once a day.

Ugh. So annoying.
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#18
(01-04-2018, 02:38 PM)Heart Wrote:
(01-03-2018, 06:47 PM)Michael Puttman Wrote:
(01-03-2018, 01:47 PM)Heart Wrote: Ive been seeing a lot of ads regarding online payday loans on my feed for quite some time now since some of my friends keeps on liking those type of pages. I have read that you only need a two valid ID, that you should take a picture and submit, Fill up a form then someone will reach out to you through video chat. After you got approved the money will be send to your account, they do have flexible payment terms as well and the interest would vary depending on how long you would want to pay the loan.

But have not tried it nor planning to try it. Since the requirements is just easy I can't stop thinking that they might have some hidden agenda or whatsoever.
Just curious, where do you see ads for payday loans online? As far as I know they are banned from advertising.

For real?? Maybe not in my country. I have seen it on facebook, I am sure I have seen it there, since my friend often appear on my feed that showed she commented on it saying "I have already send every requirements asked but have not receive any call from you." Not sure about the name of it but I can look for it.

We get radio ads and internet ads all the time where I live! Probably TV ads too but I don't actually watch TV.
Must vary a lot by country.
I wonder if this ties in to another discussion I was having on this forum - regulations.
Maybe countries where they regulate payday loans allow advertising, and those where the government is uninvolved don't? Would be interesting to see a comparison of the two.
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#19
(01-04-2018, 02:38 PM)Heart Wrote:
(01-03-2018, 06:47 PM)Michael Puttman Wrote:
(01-03-2018, 01:47 PM)Heart Wrote: Ive been seeing a lot of ads regarding online payday loans on my feed for quite some time now since some of my friends keeps on liking those type of pages. I have read that you only need a two valid ID, that you should take a picture and submit, Fill up a form then someone will reach out to you through video chat. After you got approved the money will be send to your account, they do have flexible payment terms as well and the interest would vary depending on how long you would want to pay the loan.

But have not tried it nor planning to try it. Since the requirements is just easy I can't stop thinking that they might have some hidden agenda or whatsoever.
Just curious, where do you see ads for payday loans online? As far as I know they are banned from advertising.

For real?? Maybe not in my country. I have seen it on facebook, I am sure I have seen it there, since my friend often appear on my feed that showed she commented on it saying "I have already send every requirements asked but have not receive any call from you." Not sure about the name of it but I can look for it.


Where are you from? I'm from Eastern Europe and in my country they even advertise payday loans on the TV channels and radio all the time. 

I'm really surprised payday loan ads are banned from advertising in America. What is the reason for that, I don't see the logic. It's not like taking a loan is illegal or something.
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#20
(01-05-2018, 10:35 AM)chikatilo Wrote:
(01-04-2018, 02:38 PM)Heart Wrote:
(01-03-2018, 06:47 PM)Michael Puttman Wrote:
(01-03-2018, 01:47 PM)Heart Wrote: Ive been seeing a lot of ads regarding online payday loans on my feed for quite some time now since some of my friends keeps on liking those type of pages. I have read that you only need a two valid ID, that you should take a picture and submit, Fill up a form then someone will reach out to you through video chat. After you got approved the money will be send to your account, they do have flexible payment terms as well and the interest would vary depending on how long you would want to pay the loan.

But have not tried it nor planning to try it. Since the requirements is just easy I can't stop thinking that they might have some hidden agenda or whatsoever.
Just curious, where do you see ads for payday loans online? As far as I know they are banned from advertising.

For real?? Maybe not in my country. I have seen it on facebook, I am sure I have seen it there, since my friend often appear on my feed that showed she commented on it saying "I have already send every requirements asked but have not receive any call from you." Not sure about the name of it but I can look for it.


Where are you from? I'm from Eastern Europe and in my country they even advertise payday loans on the TV channels and radio all the time. 

I'm really surprised payday loan ads are banned from advertising in America. What is the reason for that, I don't see the logic. It's not like taking a loan is illegal or something.

I am too, didn't know they are banned and clearly it was not globally since I have seen it on a social media very often. I don't get the reason as well why they are banned from advertising.
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