The APR on a short term loan can range from 200 to 2,290 depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on. See a Representative Example. Borrow 200 for 14 days with a 30 to 60 lender fee. Your estimated APR is 391 to 782 Calculation: (lender fee loan amount) x (amount of days in a year duration of the loan) x 100 Low End of Range: (30 200) (365 days 14 days) x 100 391.
07 High End of Range: (60 200) (365 days 14 days) x 100 782. 14 Payday loans are relatively expensive when compared with other loan products. Payday loans are not recommended as a long term financial solution and they should only be taken for emergency financial needs.
When all other expenses are paid, the lawsuit lender gets paid from the remainder. Example 1: Settlement After One Year. You sue XYZ Insurance Company for 100,000 because of injuries you suffered in a traffic accident caused by one of the companys insured drivers. A lawsuit lender evaluates your case and offers to lend you 25,000 at 3 per month.
A year later, your case settles for 100,000. The attorneys fee, litigation expenses, and medical liens total 50,000.
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Everything we do is to service you. About Flash Apply. The service is designed to solve two problems for borrowers: 1) a slow process for obtaining money; 2) high-interest rates. Thanks to our easy application form and fast approval process, we can provide the money you need within a day.
Get the Cash Keep Driving Your Car. Almost everyone has money problems now and again. Our caring staff can walk you through the steps needed to get you started. If you qualify for a loan and are approved by our team, they will put together a payment plan that will be comfortable to you.
After you send in your online request, we will review your information. However, besides on our criteria and of course your ability to pay, the most important step in considering your loan approval is evaluating your car.