Who can use payday loans?
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flinn
Apprentice
Joined: 01 Jan 2007
Posts: 2
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 Posted: 08/16/08 - 04:40 Post subject: |
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| I have been planning to start a business and I expect to get a pretty good profit from it. I will be mostly in trading and I seek to assure the best possible position. Now, I want to know one thing. Who can use payday loans? If anyone could help telling me where to get such info, that would be great. |
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darrel
Apprentice
Joined: 09 Jun 2007
Posts: 1
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| Posted: 09/15/08 - 03:39 Post subject: |
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| Generally, the secure loans are the best, since you have something to cover it with, but if you have too much of a collateral, it may also ruin you. Another way are cash advances. It is so called payday loan. However, it is only useful for covering emergency costs for a high interest rate. It is not so bad, but it should be regarded as last resort. However, if you have a good credit rating, ambitious but realistic business plan, a good idea, and a strong collateral, you may be able to persuade bank to give you the best available rates and fees. It is important to have reliable co-signers, as they are the ones who will be able to cover you if you get into repaying trouble. |
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