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Should i pay off my personal loan

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Should i pay off my personal loan

With interest rates as high as they are, you might wonder why someone would ever consider a payday loan. There are a few things that make them seem attractive, particularly to those in financial difficulty. Ease of access to funds. The fact that you can receive the loan on the application day, in some cases within as little as 10 minutes, is one of the chief selling points of payday loans. But always remember that you're likely to be paying well over the odds for this ease of access.

Lax credit checks. Payday loans are often regarded as 'bad credit loans', as their lending criteria can be less stringent than for other credit products. Although many payday lenders will carry out a credit check before offering customers a loan, some won't. This makes it easier to borrow, but there's a danger that even those with a poor credit history and no income might be able to take out a loan they can't afford.

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Should i pay off my personal loan

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Should i pay off my personal loan

BlueChip is located on and operates within the Tribes reservation. Please note: This is an expensive form of credit and is intended only for short-term financial needs. Spotloans are designed to help you deal with emergencies such as rent, medical bills, car repairs, or expenses related to your job. Spotloans are not intended to solve longer-term credit or other financial needs, and alternative forms of credit may be better should i pay off my personal loan you, including borrowing from a friend or relative; using a credit card cash advance; taking out a personal loan; or using a home equity loan or savings.

Contact one of our relationship managers to discuss if a Spotloan is right for you. For Inquiries: 914 Chief Little Shell St. NE Belcourt, ND 58316 For Payments: P. Box 720 Belcourt, ND, 58316.

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Should i pay off my personal loan