I got a very rude call from Andy- first on my cell and then office direct number (which was only issued in the last two weeks). He was asking for my attorney on record. He proceeded to say the same things- that I had received a payday loan and never paid it back in . Then said that if I paid $ then this would all go away and I would get a letter that this would not go on my record. Or I would be served at me office.

I also called by bank to warn them that this might come up

I started to ask questions, and he again cut me off and told me that he could only tell me that the funds were due January 30th, which is a Saturday and not a payday for me- lie. At the same time I looked up my account- there was no deposit from any such company- lie. I then asked where he got my info from; he said my no credit check payday loans Gainesboro TN application- my direct number would not have been on an application from es, or call my office. The worst was that he said that this company had been trying to email me for months- 30 times- on a closed email- lie.

Where Do People Get Payday Loans?

Payday loans are offered by payday lenders, most of which are found in brick-and-mortar locations in cities and towns throughout the United States. The most recent payday loan statistics show that payday loan lenders are available in 36 states, although the percentage of use in each state varies significantly. Some states only see a 1 percent use rate, while others are upward of 14 percent among residents.

Part of the disparity between use among borrowers in certain states is the difference in laws and regulations meant to oversee payday loan practices among short-term lenders. However, online payday lenders are more likely to deceive customers when it comes to interest rates, costs of borrowing, and repayment agreements, so buyer beware.

• Louisiana – a 10% loan use rate among residents, with a $350 loan limit
• Missouri – an 11% loan use rate among residents, with a $500 loan limit
• Oklahoma – a 13% loan use rate among residents, with a $500 loan limit
• Washington – an 11% loan use rate among residents, with a $700 loan limit

Alarming Payday Loan Trends

While payday loans are prevalent among the states that offer them, they come with many drawbacks of which consumers need to be aware. Payday loans are discouraged among borrowers because of the excessive fees and high interest rates charged. The cost of taking a single payday loan is far higher than alternatives, including cash advances from credit cards or personal loans.

It’s also worth keeping in mind that making numerous applications over a short period of time could negatively impact on your credit score. This is because all direct lenders are required to conduct a full credit check before accepting a loan application. For each full credit check conducted, a temporary marker will be left on your credit file and these can reduce your credit score and harm your chances of accessing further credit in the future.

At Little Loans we specialise in finding loans to suit your needs, whatever they may be. If you have a low credit score, we could help you to apply for a loan with a lender who is most likely to approve an application even despite your situation. Whilst all loans are subject to status, the application process on our website is designed to make it easy to apply for a bad credit loan online.

Because our application process involves only a ‘soft’ credit check, there is no risk of your credit rating being impacted until you decide to make a full application with a lender from our panel.