Facts about Top Dollar Payday Loans
The more you know about top dollar payday loans, the more informed your decisions will be as a consumer. Here are some important facts you should know about these loans.
Use Top Dollar Payday Loans as a Last Resort
Before getting top dollar payday loans, you should exhaust all other options. Top dollar payday loans are a practical solution to short-term gaps in cash flow, but it is a good rule to try to avoid borrowing, if you can. You might first ask friends or relatives for a small loan to pay your bills. You might also try asking for an advance from your employer. Sometimes, your creditors might even be willing to work out a payment plan with you if you let them know in advance that you will be late on your payment. Make sure you know how much this will cost you, and weigh this against the cost of top dollar payday loans.
Many Lenders Offer a No-Fax Option
Though this varies by lender, many of our lending partners offer a no-fax option on top dollar payday loans. This means that you can avoid having to fax in documents, such as pay stubs, bank account information, etc., to corroborate the information on your application. Faxless top dollar payday loans are usually much faster and more convenient than traditional payday loans, so ask your lender if you are interested in this option.
Flexible Repayment Is Possible
With most loans and lines of credit, due dates are hard and fast, and very few lenders are willing to be flexible. This is typically not the case with lenders of top dollar payday loans. Many of our lenders offer flexible repayment options that allow you to extend the loan for more time for an additional fee if you cannot pay it in full on the due date. With most lenders, how this works is that you pay at least the finance charge on the due date and then extend the loan for more time. This will cost you an additional finance charge. You may also pay the finance charge and part of the loan and roll the loan over for more time. Essentially, as long as you pay the finance charge on the loan's due date, you can usually extend it for more repayment time.
