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How to Effectively Shop Around for the Best Payday Loan Interest Rates

[…]rates on payday loans aren’t governed by or affected by the Federal Reserve like mortgage rates or prime rates are. That’s why you get quite a variation in the interest rates presented to you by all the lenders on your shortlist. You will be surprised at how much of a difference in interest rates you will garner just by shopping around a bit and comparing the various lenders available on the market. Take your time with this. Even spending a few hours on this comparison shopping can result in a huge boon for you. Yes, you might be in a […]
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What Is APR?

[…]how do lenders determine the interest rate on a particular loan or credit card? Aside from prime rates and funds rates, lenders also consider the prospective borrower’s creditworthiness. If you want a better rate on your next loan or credit card, pay attention to the following important factors. Credit Score Someone’s credit score is an excellent indicator of their credit history. And lenders will base their beliefs about your ability to repay a loan on your past behaviors. In general, there are five factors that go into a credit score: Payment history (how often do you make payments late or […]

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