#55 new
karl.hennings47 (at gmail)

Payday loans in Ohio

Reported by karl.hennings47 (at gmail) | January 11th, 2021 @ 01:07 PM

While fast cash and no credit checks makes it easy for a consumer to get a payday loan, it usually only postpones the financial crisis for two weeks until the loan comes due. Because payday loans are targeted to people in financial trouble, there are few borrowers who can pay off their loan at that point. 91% of all payday loans are made to borrowers caught in a cycle of repeat borrowing with five or more payday loans per year.

Borrowers, on average, receive 8 to 13 payday loans per year from a single payday shop. Typically these are loan flips - rollover extensions or back to back transactions loans where the borrower is basically paying a fee for no new money, never paying down the principal owed

Comments and changes to this ticket

  • Zize

    Zize January 11th, 2021 @ 01:17 PM

    I also live in Ohio and I am interested in the topic of loans, since now we are all going through a rather difficult period of time and there is not always work, what can you advise?

  • jaredpadaleki

    jaredpadaleki January 11th, 2021 @ 02:10 PM

    Ohio citizen either. Also interested

  • karl.hennings47 (at gmail)

    karl.hennings47 (at gmail) January 11th, 2021 @ 02:21 PM

    I would advise you a good company https://compacom.com/payday-loans/ohio that works for many states and provides loans quickly and efficiently. I myself used their services and it was a pleasure for me to work with professionals who do their job very well and provide services very quickly and in a timely manner, if you are interested in reading the site, everything is written in detail there.

  • jaredpadaleki
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  • Arabella Robinson

    Arabella Robinson April 19th, 2021 @ 12:00 PM

    Taking a loan sometimes can be a very hard thing to do but nowadays when you are living in 2021, you can do it easily with two clicks. All you need to do is to find somewhere on the internet bad credit installment loans direct lenders online and then start looking for reviews on this service. And I have done it several times and overall I liked the results, I got my money in a second and then I bought presents for my family. My friend also borrowed some money from loan service and he enjoyed it.

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