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Say No To Pay Day Loans

Say No To Pay Day LoansPay day loans do not help rehabilitate your bad credit because they do not report to the credit bureaus except if you go into collections. Prudent reports your loan payments regularly to the credit bureau and you get I1, the highest credit rating, when you pay on time.
If you are in a bankruptcy, almost finished your proposal, or have a bad credit rating even though you have paid off most of your debt, Prudent is the place to come.
If you have any questions, call us. We’d be happy to help.

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 Prudent’s Monthly Costs Payday Loan Annualized Costs Prudent’s Annualized Costs
$500 $105 $9.74 $2,730  $116.84
$1000 $210 $18.94 $5,460  $227.39
$1500 $315 $29.21 $8,190  $350.53
$2000 $420 $38.95 $10,920  $467.37


Say No to Pay Day Loans!

Optional life insurance is not included in above chart.

Think Smart. Think Prudent.