Comments on: can interest be charged on cash advance loans per day? http://www.cashdayadvance.org/cash-advance/cash-advance-charge/can-interest-be-charged-on-cash-advance-loans-per-day/ Cash Day Advance Online Resources And Information Mon, 06 Sep 2010 15:20:59 +0000 http://wordpress.org/?v=abc By: bdancer222 http://www.cashdayadvance.org/cash-advance/cash-advance-charge/can-interest-be-charged-on-cash-advance-loans-per-day/#comment-2226 bdancer222 Sun, 24 Aug 2008 23:47:45 +0000 http://www.cashdayadvance.org/cash-advance/cash-advance-charge/can-interest-be-charged-on-cash-advance-loans-per-day/#comment-2226 That's pretty much how they work. The typical interest rate on payday/cash advance loans is in the 600% range. Find some other way. You would be better off paying late fees on some of your bills than taking out a payday loan. If you are short this week, you will be even shorter next week when you pay all that interest. That’s pretty much how they work. The typical interest rate on payday/cash advance loans is in the 600% range.

Find some other way. You would be better off paying late fees on some of your bills than taking out a payday loan. If you are short this week, you will be even shorter next week when you pay all that interest.

]]> By: Chad http://www.cashdayadvance.org/cash-advance/cash-advance-charge/can-interest-be-charged-on-cash-advance-loans-per-day/#comment-2225 Chad Fri, 22 Aug 2008 04:46:33 +0000 http://www.cashdayadvance.org/cash-advance/cash-advance-charge/can-interest-be-charged-on-cash-advance-loans-per-day/#comment-2225 I think you are asking if it can be compounded daily. I believe it can be compounded as frequently as the lender chooses, if agreed to by the lendee. There may be federal limits on this kind of thing, though. Some states, for instance, limit APRs on credit cards. I think you are asking if it can be compounded daily. I believe it can be compounded as frequently as the lender chooses, if agreed to by the lendee. There may be federal limits on this kind of thing, though. Some states, for instance, limit APRs on credit cards.

]]> By: StephenWeinstein http://www.cashdayadvance.org/cash-advance/cash-advance-charge/can-interest-be-charged-on-cash-advance-loans-per-day/#comment-2224 StephenWeinstein Wed, 20 Aug 2008 17:35:54 +0000 http://www.cashdayadvance.org/cash-advance/cash-advance-charge/can-interest-be-charged-on-cash-advance-loans-per-day/#comment-2224 I remember seeing a "daily periodic rate" on my credit card statement. I remember seeing a “daily periodic rate” on my credit card statement.

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