60MinutePayday.com Review – Is it a scam?

60MinutePayday.com is a cash advance website that matches borrowers and lenders. It claims that after borrowers and lenders agreed to the terms and rates, the borrower can get his money as fast as in 1 hour.

What is Payday loan?

Payday loan is a loan meant to be paid in a short period of time. It has been a subject of many criticisms in the world of money lending because of its sky-high interest rates. The rates offered by lenders are so high that it makes it almost impossible for borrowers to return the money on the agreed terms.

How 60MinutePayday.com works?

60 Minute Payday allows users to borrow money, amounting from $100 to $1000. After filling up a short application, you will then be matched to a lender and redirected to their website.

If you agree to the terms, conditions, and rates of the lending company, you will then have to fill up another form but this time from the money-lending website. Your contact details may be verified by the lender through phone or email. After verification and approval, the lending company will send  the money in your bank.

Final thoughts on 60MinutePayday.com

A payday loan may be a quick solution for an emergency money problem but the issues concerning its exuberant interest rates only show that it isn’t the best money answer.

Before you sign the paperwork from the lender, make sure that you have read and understood really well the terms and conditions stated in their website as this quick loan  from 60MinutePayday.com may take more than just 60 minutes to find a way out.

Please leave your comments or your experience with 60MinutePayday.com below; it helps others.

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