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October 2021 Blog Archive

Payday Loans: Exploring Fact vs. Fiction Wed, Oct 20, 2021 Many people think that cash advance businesses or payday loan companies are not trustworthy because so many fictions have been spread about these companies. However, the experts at Check On Hold are here to clear the air. Here's everything you need t... Read More

The minimum period for repayment is 7 days and the maximum period for repayment is 30 days. A typical fee for a Cash Advance loan is $10 per $100 borrowed plus $5 verification fee, which is an annual percentage rate of 391.07 for a two-week loan term. Often, the cost of a Cash Advance may be lower than the alternatives considered by many people, such as paying a bill late or incurring overdraft fees from banks and credit unions.

Advance	Fee	Ver.	Total	APR On 14 Day Loan
$100	$10	$5	$115	391.07%
$150	$15	$5	$170	347.62%
$200	$20	$5	$225	325.89%
$250	$25	$5	$280	312.86%
$300	$30	$5	$335	304.17%
$350	$35	$5	$390	297.96%
$400	$40	$5	$445	293.30%
$450	$45	$5	$500	289.68%
$500	$50	$5	$555	286.79%