They may include: the payday lender will charge you a fee if there isnt enough money in your account your financial institution may also charge you a fee if there isnt enough money in your account the total amount that you owe, including the fees, will continue to accumulate interest the payday lender could call your friends, relatives or employer in attempts to contact you to collect the money the payday lender could sell the loan to a collection agency and this could appear on your credit report the payday lender or collection agency could sue you for the debt the payday lender or collection agency could seize your property the payday lender could take money from your paycheques (also called garnishing your wages) If you cant make your payday loan payments on time, anz cash advance fee nz can be easy to get stuck in a debt trap.
Figure 2: Payday loans: Make sure you pay on time. The infographic Payday loans: Make sure you pay on time. is illustrating an example of what can happen when you take out a payday loan and you dont pay on time.
You anz cash advance fee nz 300 for car repairs. You get a 300 payday loan for 2 weeks.
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