A payday loan is a short-term loan that you can use to pay off your bills and to meet your personal and family demands as you wait for your next pay check.
The amount rendered is usually small because it is intended to cover low expenses.
However, you should not take payday loans lightly because they are still debts, no matter how little they are.
Here are some facts regarding payday loans in Dundee that you need to be aware of before applying for one.
It’s a requirement to write a check in order to procure payday loans.
It is imperative to understand the process of procuring a payday loan. The amount borrowed is supposed to be repaid in a few weeks. The process of securing the loan is hassle-free since all you need to write a post-dated check for the amount you intend to borrow. Note that a finance fee is included in the amount you borrow.
It’s possible to get the repayment period extended if you are unable to repay on the due date.
Delay in repaying the loan should not be a concern even though it is a short term. You only need to contact the lender and request him or her to extend the repayment period. However, note that the fee will be higher because it will take longer than usual.