In debt up to your ears? 
CASH?
What is a Payday loan?
Very simply . . .
For more details see rate chart.
We welcome all, and we are very happy to loan qualifying customers a Payday loan.
No doubt you are happy to know that someone cares about your need for urgent money service or fast cash to handle a financial emergency.
We're glad we can help.....but!!! But how do you get out of debt to A & B Check Cashing or any other Payday lender?
Each time you come in and pay us off, do not borrow the same amount that you just paid off. Get your Payday loan for a lesser amount this time. Re-writing for $25.00 or $50.00 less each re-write will eventually get your debt to us down to zero.
Here is an example:
Initial Payday loan of $352.50 ($300.00 cash) was made on May 2, 2008, and every other week you come in to pay off and re-write:
|
May 16, 2008 |
$352.50 |
$293.50 |
Less $50.00 |
$293.50 |
|
May 30, 2008 |
$293.75 |
$235.00 |
Less $50.00 |
$235.00 |
|
June 13, 2008 |
$235.00 |
$176.50 |
Less $50.00 |
$176.50 |
|
June 27, 2008 |
$176.50 |
$117.50 |
Less $50.00 |
$117.50 |
|
July 11, 2008 |
$117.50 |
$58.75 |
Less $50.00 |
$58.75 |
|
July 25, 2008 |
$58.75 |
Zero ... Paid Off |
Zero ... Paid Off |
Zero ... Paid Off |
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Customer’s Due Dates |
Amount Due and Paid |
Amount of Re-write |
Amount of Debt Reduction |
Balance Owed to A & B |
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Customer’s Due Dates |
Amount Due and Paid |
Amount of Re-write |
Amount of Debt Reduction |
Balance Owed to A & B |
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