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Article Title: Your Credit And Cheap Payday Loans
Author: Andy  Zain
Category: Personal Finance, Loans
Word Count: 428
Keywords: cheap,payday,loan,loans
Author's Email Address: [email protected]
Article Source: http://www.articlemarketer.com
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Cheap payday loans may be your choice if you have terrible credit or absolutely 
no credit at all. Your credit is not really the reason you need the cheap loan, 
which by the way, there is no such thing as a "cheap" loan made on the payday 
premise, your bad credit lures you in.

Having no credit or bad credit puts you in a terrible position to negotiate a 
loan that you need now. Times are a bit unstable for you and you just need that 
loan until payday.

Your $200 loan can be made with a postdated check for about $240 unless, with 
some companies, you get a 10% introductory offer. You have 14 days to pay off 
the loan or let them cash your check. That's a pretty simple process. You might 
even get an introductory rate that is half of the standard rate. What a deal!

Two weeks comes around and you don't have the money to pay off the loan. That 
is not a problem with these companies because they are willing to extend your 
loan now and even again after the next 2 weeks. Now you are seeing the lure of 
the cheap payday loan. Extensions and introductory rates!

In fact, your cheap payday loan is one of the worst risk you can take even if 
the loan interests are offered at half. The 10% rate is often the come on that 
the company will offer the new prospect. You can build confidence in that 
company and you'll come back time and time again. These loans can be tempting 
and easy to fall prey to.

You must pay good attention to the fact that your new lender has his best 
interest in mind, and not yours. He is in business to make money, from you! 
Borrowing small amounts of money for short periods has it down side and you 
should be aware of that before you make a cheap payday loan. 

You are in need of money, so call your lenders and make some arrangements to 
pay your bills in installments. Being honest and upfront avoids the nightmare 
of trying to weasel and wiggle out of financial responsibilities. Just give it 
a try this time. You may be surprised to be offered a payment schedule.

Talking about payday loans is already beyond when you needed the money. Try to 
face a budget and allow yourself some restraint and avoidance of non-emergency 
spending. Setting up some payment to your lender will also help you establish 
the credit you need for making better affordable and lower interest loans in 
the future.

To find more details about payday loans visit http://www.PayDayLoansOnline.cc
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