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Online payday loan experience?
#21
(01-05-2018, 04:35 PM)Heart Wrote:
(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.

I did some research, but couldn't find much about payday loan ads being forbidden in America in general. However Google has banned these ads from appearing in the search engine in America as of July 2016. The ban comprises loans due within 60 days with annual percentage rate of 36% or higher. 

Another interesting thing I found: Payday loans are absolutely prohibited in the state of Georgia. A 2004 legislation officially  made payday lending a felony.  Huh  Talk about protecting the citizens.
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#22
I don’t recommend payday loans let alone ONLINE payday loans. Firstly payday loans alone take so much of your money with the interest. This is the main and biggest thing in my opinion. Secondly, they try their hardest to trick you into taking even more of your money by manipulating you through offers. This is an issue but not a super big one. Lastly, doing them online just makes it even riskier. Anyways this is just my experience. If you are planning on using them, be aware of the risks and be cautious.
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#23
(01-05-2018, 11:27 PM)lina102 Wrote: I don’t recommend payday loans let alone ONLINE payday loans. Firstly payday loans alone take so much of your money with the interest. This is the main and biggest thing in my opinion. Secondly, they try their hardest to trick you into taking even more of your money by manipulating you through offers. This is an issue but not a super big one. Lastly, doing them online just makes it even riskier. Anyways this is just my experience. If you are planning on using them, be aware of the risks and be cautious.

I'm elated to read about the points you made about taking up payday loans and on how the online method is riskier as well. The thing about people is that some are lackadaisical to ask questions either from the internet or from those already in the system to see whether the system will favor them. It is such attitude that makes most fall victims of payday loans. 
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#24
In my Opinion i think its scary to pay a loan in the internet because some of news and hacker got a phisning or make me more debt , sorry i have no experince because im a student and no loans at all i think its more easier when you pay store to store to make a good transactions.
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#25
(01-05-2018, 07:52 PM)chikatilo Wrote:
(01-05-2018, 04:35 PM)Heart Wrote:
(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: 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.

I did some research, but couldn't find much about payday loan ads being forbidden in America in general. However Google has banned these ads from appearing in the search engine in America as of July 2016. The ban comprises loans due within 60 days with annual percentage rate of 36% or higher. 

Another interesting thing I found: Payday loans are absolutely prohibited in the state of Georgia. A 2004 legislation officially  made payday lending a felony.  Huh  Talk about protecting the citizens.
Didn't know they were banned on Google, but that might explain why I've never seen a payday loan ad in my life.
And as far as I'm concerned, they are protecting the citizens. Payday loans got many people in deep debt, often the "vulnerable" groups such as the less educated, immigrants etc.
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#26
I suppose it is better then being thrown on the street but whether it is online or otherwise, I just think Payday loans are asking for trouble and not something I would really consider. If you get behind on your payments, they would likely harass you into an early grave!
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#27
(01-09-2018, 09:16 AM)kgord Wrote: I suppose it is better then being thrown on the street but whether it is online or otherwise, I just think Payday loans are asking for trouble and not something I would really consider. If you get behind on your payments, they would likely harass you into an early grave!

I agree. I would only take a payday loan in an emergency situation ( but I guess that's what most people are doing anyway ). Otherwise, I'd rather loan a larger amount of money with less interest but I guess that's not an option for people with bad credit rating.
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#28
(01-09-2018, 09:16 AM)kgord Wrote: I suppose it is better then being thrown on the street but whether it is online or otherwise, I just think Payday loans are asking for trouble and not something I would really consider. If you get behind on your payments, they would likely harass you into an early grave!

Certainly, they are just good in convincing people in need of money but once you got late for a payment they will most likely do what you said. I am hopeful since there is quite a lot of options better than this to not to get this type of loan by any situation other than it is truly an emergency.
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#29
I don't trust online payday loans, I see them as potential scams their interest is always higher than normal, most times I read wonderful testimonials about it which I don't trust either, my only advise is do not try it out. It might be worst than manual ones.
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#30
I already tried payday loans, it helps me a lot if I have some emergencies and if I really need money and if I don't have any choice to get some money. Yeah it's sick but if I don't have any choice I'll go for it.
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