National Payday Review
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National Payday is an online cash advance lender. They offer Payday loands. Unlike other services, it has the longest application. They charge you $25 per $100 borrowed. This makes the National Payday one of the most expensive services. Their APR is also very high at 651.79% based on a 14–day loan.
They provide good customer service by providing a good FAQ pages. The website is secured as it is using encryption for personal information. The application is easy to use and navigate. There application approval process is quite fast. It also offers for affiliate program. They allow direct deposits. It can offer you with upto $600 cash advance.
It seems to be a good service. I give it 4 stars rating.
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WOW! That is a lot of fees and extreme interest!
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I must admit that I only used this service once and it was an emergency situation. I took advantage of the free loan and paid it off ASAP to avoid being charged anything. I would recommend doing that ONLY. I would NOT recommend doing anything else with this company. They are basically legal loan sharks. They charge you 25% of the total you are borrowing for a fee and if you do not pay it off on time they will charge you interest, and we are not talking normal interest here. We are talking hundreds of percentage points. Their website shows you how much and the least I saw was like 500% interest! That is insane and should not be legal. I know that here in Ohio they recently passed legislation to cap the interest rates the payday lenders are allowed to charge at 28%. After using this service and reading all the fine print, I can see why. This service should only be used in dire emergencies when all other options have been eliminated. Its good that its there, but it should not be relied on.
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