Financial Information
Check ‘n Go: Payday Loan Fees Comparison
Have you ever wondered about different types of fees like payday loan fees, credit card fees and late bill fees? Check ‘n Go explains these differences so it’s plain and simple.
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#6 written by checkngoanswers 1 year ago
tgibbon1- The purpose of this video is to show payday loans are an alternative to paying a bill late. The late fees are more expensive than what you will pay for a payday loan.
If a customer is not able to pay their payday loan within the time allotted, Check ‘n Go does not charge a late fee for any online loans.
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#7 written by checkngoanswers 1 year ago
We also offer an Extended Payment Plan (EPP) to customer’s that qualify at no additional charge. This allows the customer to pay their balance back over multiple payments when they run into a situation where they do not have the funds to pay the loan on the due date. Please see our Rates & Terms pages for each State as well as the CSFA website if you would like more information, or I would be glad to answer any questions you may have.
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#10 written by BobFromAccounting2 1 year ago
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#11 written by checkngoanswers 1 year ago
Bob,
Reputable payday lenders want customers to use payday advances wisely.You say “they get people hooked on their services” – this is a perception some people have. It is often called a “cycle of debt”. However, the “cycle of debt” claim is not valid. CFSAs Best Practices indicate that any customer who cannot pay back a loan when its due has the option of entering an extended payment plan. This option allows them to repay the loan over a period of additional weeks at no additional cost.
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