Savings account using payday loan is an option to resolve your short term cash requirement. It is quick money that you take for two weeks or till your next paycheck comes in. You can borrow $100 up to $1500, with a fee of $15 to $30 per $100. You need to give a post dated cheque for the principal, plus the fee. On the due date, if you are unable to go personally and pay the dues, then the cheque is deposited by the company on your behalf. If the cheque bounces, then you have to pay a higher fee. You can also roll over your loan i.e repay the principal and take another loan to pay the interest. This way you can avail instant cash anytime through your savings account using payday loan.
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