Say NO to Payday Loans
Compare the differences
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What you need to know about payday loans.
If you don’t pay a payday loan on time, the interest will now be on the total of the unpaid amount including the last interest. Most pay day loans must be paid every 2 weeks or in rare cases, a month. Pay late and your interest skyrockets by hundreds and thousands of dollars depending how late you pay.
Note that what pay day loans charge in 2 weeks/1 month is almost the same as what Prudent charges in a whole year. Just imagine what you can do with all the money you’ll save by coming to Prudent!
See the chart below for a comparison between payday loans and Prudent loans.
Loan Amount |
Payday Loan 2-Week Costs |
$500.00 |
$105.00 |
$1000.00 |
$210.00 |
$1500.00 |
$315.00 |
$2000.00 |
$420.00 |
Prudent’s Monthly Costs |
Payday Loan Annualized Costs |
$500.00 |
$105.00 |
$1000.00 |
$210.00 |
$1500.00 |
$315.00 |
$2000.00 |
$420.00 |
Prudent’s Annualized Costs |
$116.84 |
$227.39 |
$350.53 |
$467.37 |
Optional life insurance is not included in above chart.
Think Smart. Think Prudent.
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