Comments on: Think Cash: A New Low in Short Term Loans

By: Carlos

Carlos — Tue, 14 Dec 2010 18:26:44 +0000

Dont think I work for think cash or anything but just to clear something if they approve you for a 2500 loan the rate drops from 365 to 38 or something like that, as you get new loans the rates drop significantly.

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Ultimate Cash Blog | 7Wins.eu — Thu, 07 Oct 2010 09:19:05 +0000

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By: think cash loans « loan web

think cash loans « loan web — Sat, 19 Jun 2010 04:24:24 +0000

[...] 11.Think Cash: A New Low in Short Term Loans « Deep Thoughts on If the people applying for these loans could come up with that much extra cash in such a short period of time, why would they need a loan in the first place? Think Cash should be ashamed! [...]

By: Pam

Pam — Sun, 13 Jun 2010 18:04:05 +0000

The point is to use this as a SHORT-term loan, not to take 12 months to pay it off!

By: Mr johnson

Mr johnson — Mon, 21 Dec 2009 18:03:18 +0000

Do you need a loan to pay off your bills?if yes then email us johnson_williams91@yahoo.com with the following informationFull Name:………..Country:…….City:…Phone:…Occupation:………Loan Duration:…….LoanAmount:……… Sex……Apply for xmas loan today

By: Sarah

Sarah — Tue, 07 Jul 2009 09:09:26 +0000

What a lot of people don’t realize about loans is that the interest is cumulative. So, let’s take the 365% and use a nice round $1200 to begin with (as there are twelve months in a year).

Let’s say the amount you pay is $50 a month, so in the year you’ve paid off 50*12 which is $600. BUT, in that year (these figures are somewhat simplified, but they give an idea of how it works) your INTEREST would amount to 1200+365% (4380) for a total of $5580 debt at the end of the year. Take off the 600 you’ve paid and at the end of the year instead of owing $600, having paid $600, you still owe $5980.

Those figures in your calculator? They’re absolutely correct.

This is why companies like that don’t like long term loans. When people realize how much they are actually paying in interest, NOBODY in their right mind would apply for one of these loans! They are absolutely ridiculous.

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Creativity Equals Cash. | 7Wins.eu — Thu, 30 Apr 2009 15:49:01 +0000

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By: jim

jim — Tue, 17 Mar 2009 21:20:52 +0000

Questions to those who borrowed from a payday lender and are looking for ways to not repay…
1. You borrowed the money, didn’t you?
2. All the details were in the loan agreement, right?
3. This is a free society – no one forced you to borrow the money, right?

Then stop looking to blame everyone else. You borrowed the money, so pay it back and stop complaining.

By: Alysa O.

Alysa O. — Thu, 08 Jan 2009 09:15:36 +0000

Americans don't want to hear about the national debt. It's like a family living paycheck to paycheck, maxed out on their credit cards, trying to pretend the collection notices are all being lost in the mail. Americans are crazy about getting more and more consumer debt, by racking up credit card debt, and getting too many payday loans. Most of them are not aware of the difference between good debt and bad debt. Bad debts are debts where, once paid off, they don't do you any good by having them. If you bought a new car, bad news old sport – you'll never see a good resale value. If you bought a home or if you financed a college education – you are the owner of a good debt. Homes appreciate in value, and education guarantees a higher earning potential over your lifetime. For instance, the more you pay down the mortgage, the more of your home you own, and therefore the more equity you have. A payday loan, depending on use, can be a good debt, especially if you use it to avoid unpleasant fees and interest on late payments. You can read more in the article posted on the payday loan blog at personalmoneystore.com

By: Shaun

Shaun — Tue, 11 Nov 2008 22:56:34 +0000

Quote
“If the people applying for these loans could come up with that much extra cash in such a short period of time, why would they need a loan in the first place?”

If there is a gap between the date of a deposit and when the funds are needed. I will personally only be using the loaned amount for 2 days, accruing very minimal interest, and the whole loan will be paid on the 2 days.

They can come in handy, but the key is in knowing how much they cost, and minimizing that impact upon your finances. Dont be tempted to borrow more that you can pay back almost immediately.