What is a PaydayChampion Payday Loan?
The FDIC says that about 24 million adults, or 11% of all adults, do not have enough money in a bank. People like this must use services like payday lenders to make ends meet.
You may have seen signs for payday loans or ways to get cash quickly in front of shops in your area.
How Do Payday Loans Work & What Happens if You Don’t Pay? | PaydayChampion
Payday loans are short-term loans so you can pay them back in as little as two weeks. At the credit union, you can write a check or give a debit number to get cash the same day.
After the due date has passed, PaydayChampion will cash the check to pay off the loan at a physical payday lender. If you have the money, you can make plans at the loan office to repay the loan.
Payday loans might cost more than you thought they would. These payday loans are for people who need money immediately and can’t wait to pay it back.
Most lenders have higher interest rates and fees…