Can You Have Two Payday Loans At Once
can you have two payday loans at once
How Many Payday Loans Can You Have?
Depending on your state’s laws you can go to two different lending institutions that provide such services and simultaneously take out two payday loans. But does this sound at all like a good idea?
Of course it doesn’t. Because it most certainly is NOT a good idea.
Our lenders are members of the Community Financial Services Association of America. To put it succinctly, the CFSAA was formed in order to promote laws, regulations and practices that protect consumer interests while maintaining access to credit for those who are otherwise unable to borrow money, especially in a time of financial need. CASH 1 believes in the stated goals of the CFSAA in part because honest business is just plain good business. It’s that simple.
Think about it, if we practiced irresponsible lending policies, we would not only be hurting ourselves, but hurting our customers. We want you to have the confidence to borrow from us whenever the need arises, and when the need arises again if necessary. We don’t want repeat customers in the same way a car dealership wants repeat buyers. What we mean is that if you do utilize our services, and pay off your loan, then there is a mutual trust knowing that we can provide the same service again in the future if it is needed. That car dealership that wants repeat buyers had better provide excellent mechanical service if they want continued customer business. See what we mean?
Being a member of the CFSAA means we adhere to a specific set of guidelines when we loan money to our customers. This provides confidence not only to those who are currently borrowing from us, but to those who are thinking about doing so as well.