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If you feel you have been the victim of a loan scam involving the Internet, contact the Internet Crime Complaint Center at www.ic3.gov. We process consumer applications in real time, so the cash loan lenders get them once they are submitted on the site. To give you a quick idea; expect your payday loan lenders fees (or finance charges) to be around 20% to 25% of your cash advance amount, for most online payday loans . The cost from most lenders is $20-$30 per $100 borrowed, depending on the applicants loan history. So for a $500 no fax loan at 20-30% it can cost between $100 and $125. To pay off a $500 loan at $20 per $100, in 15 days, you would need a total of $600. |
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