23 Sep, 2018 → by ClaimboUser777042
Know what you’re getting
If you're looking for a low rate loan (or even a "reasonable rate,") you shouldn't be looking at a payday loan. They'll often be several hundred percent interest - meaning, yes, you'll borrow (say) $500 and end up paying $1000, $1200, $1500 back. If it's something you know you can pay back quickly, they can be very useful - and Balance was both useful and convenient for me *in that situation.* (Think I had a $500 loan.) I *could* have let them just keep deducting and deducting, but the smallest loan was higher than I needed for some auto work, so I immediately turned around and paid the extra back, then paid the rest off 1-2 checks later. If you can do that? These are fine, and Balance was fairly easy to work with. If you can't, these will cost you insanely high amounts of money even for "small" loans. If you can't afford to pay what they want, as long as they want, or can't pay these off within 1-2 months? Find something - *anything* - else. Friends, relatives, sell a kidney (well, not that, but still.)