Frequently Asked Questions

The maximum amount depends on the state regulations on the same. That said, the maximum amount allowed for no credit check payday loan ranges from $500-$1000.

This, too, depends on several factors. Is your payslip able to sustain multiple payday loan no credit check? Has the state made any provisions for multiple payday advance loans? What are the policies of the payday lender? Do you meet the eligibility criteria for several payday loans near me? Will your budget be a problem when it comes to payday loan consolidation? That said, be sure to check with your state and lender as well as your finances and capability before opting for multiple payday advances.

Usually, the costs of no credit check payday loan are a percentage charge per $100 borrowed. The most common charge is $15 for every $100 borrowed. This translates to an annual percentage rate (APR) of 400%. The charge is the same even for 3 month payday loans, even though it may vary from state to state and vendor to vendor.

It's relatively easy to enroll and apply for a payday loan when you need money now. The ease is boosted by the lender's willingness to lend. However, failure to repay at the appointed time will make the loan expensive. Most direct payday loan lenders will give an allowance of rolling over the payment to the next period. This means that you will only pay the fee (interest charge) while the outstanding amount (principal fee) remains. This may continue until you clear the debt.

Debts and loan defaults fall under civil law and are thus not a criminal offense. The lender may take you to court, but you will not be thrown in jail unless the lender can prove you had no intention to pay. Similarly, you may face arrest if you refuse to turn up following a court order.

It simply means to carry over the debt to the next period by paying the interest/service charge. The original debt still stands, and the interest charge accumulates.