Q&A: Can a person take out several payday loans from different sources at once?
Question by justellemJimsaidhello: Can a person take out several payday loans from different sources at once?
Can this be done in order to make ends meet on a large debt?
Answer by dmam7
no, unless you are married a husband and a spouse can take a loan out at the same place. but they have to have different income but you can have the same bank account info.
Know better? Leave your own answer in the comments!
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yes its been done but they catch you in the end if you don,t have have the money to pay back by garishing your wages so good luck
If you need loans from a few different sources try
http://www.casheasyloan.com
This can be done only if the payday loan places don’t ask if you have loans out with other payday loan companies, or aren’t affiliated with a service that keeps track of how many payday loans you have out (forgot what it’s called). Unless you are guaranteed a large sum of money to pay them the next payday, the most payday loans you should take out is 1 at a time. Their interest rate is astronomical, and has put many vulerable people into more debt, even bankruptcy. Try finding other sources of loans, such as a friend or family member, or credit union for personal loan. At an average apr of around 500%, I wouldn’t recommend payday loans at all.