At Waco Cash Services, our goal is to match Waco area consumers with the loans that they need. Loans that they need to pay emergency bills, to keep the lights on, to keep the car running or just to put food on the table. We provide access to cash advances and payday loans but not without a word of caution. If you are considering one of these loans, there are some things that you must know.
- These Loans Are Paid Back Quickly
They are called payday loans because they are designed to get you through until your next payday. Therefore, the loans are typically for just 10 to 14 days.
- The Fees Are High
These loans are naturally high risk loans for lenders. Therefore, fees and effecitve interest rates are also high. Be sure to read through all of the details of your loan before you commit to see just how much the fees will be.
- You Should Take Out Only What You Need
The more that you take out, the more you will have to repay, so take out the minimum needed.
- Only Take Out One Loan At A Time
Taking out more may not even be legal depending on where you live.
In short, these loans can be a useful tool for those who need them, but they can also be misused greatly. Use caution and do not get in over your head.
-Waco Cash Services