Payday Personal Loans

Written by Patricia Tunstall
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Payday personal loans offer contingency plans for the many possibilities that can affect your repayment intentions. The idea is to provide guidelines for altered circumstances so you and the loan company can continue a good business relationship. If something unforeseen arises, and you cannot find an answer on the company's website, email the company and explain what happened and ask how you might handle it.

If, for example, you don't make a payment on your due date, your faxless cash loans are automatically renewed for another period of 14 days. What this means is that an electronic debit amounting to 10 percent of your original loan, plus the finance charge, will be taken out of your bank account. If you can't make the minimum payment, be sure to email your loan company to make other arrangements.

Repayment Changes for Payday Personal Loans

All it takes to renew payday personal loans is a $10 minimum payment. Renewing your loan means it will be extended for another 14-day period at the same interest rate and with the same fees. Do you need to change your due date for some reason? Simply email the loan company or call their toll-free phone number to make other arrangements.

If your computer is unavailable and you cannot access the website of the loan company from home, remember that internet connections are provided by public libraries, many copy centers, and internet cafés. It is worth your time to search out another computer because otherwise, payday personal loans and all accompanying finance charges are renewed for another period. When you consider that this means paying extra money for new small cash loans when you are already short of money, it makes sense to put a little effort into finding another computer.


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