Kamis, 31 Januari 2008
This is a special introductory rate for first time NEW customers on their first loan ONLY.*
If you choose to renew your loan on your 1st due date, our regular, non-introductory rates will apply on subsequent loans.
Our Unique 24-7 FaxLessSM Payday Loan Processing Totally Eliminates Faxing Forever!!
With our online 24-7 FaxLessSM processing, faxing is eliminated. FaxLessSM means that your application is completed online in minutes and you’re finished/done. Our total online process gets rid of sending and receiving faxes-TOTALLY!
*Subject to verification of the information on your application, some restrictions may apply.
When do I get my money?
Once you have applied online, a loan agent will attempt to contact you to verify your banking information and explain the terms to you. Once you have spoke with your loan agent, your cash can be in your bank account as early as the next business day!
Payment Options - You decide what payment you want to make based upon the three examples below.
OPTION 1-AUTOMATIC RENEWAL
Your minimum payment on your first FOUR due dates is your finance fee. Your first finance fee will be discounted due to the fact that you are a first-time customer. After your first due date, the new finance fees applied will be at our regular rate. This payment is AUTOMATICALLY debited on your due date unless you request to pay more than this amount. Beginning on your FIFTH due date, you will be required to pay a minimum of $50.00 toward your principal balance ($100.00 on loans greater than $500.00) on every due date until your loan is paid in full. Finance fees paid will not be applied to your principal balance. *IMPORTANT: A NEW FINANCE FEE WILL BE ASSESSED (based on your remaining principal balance) WHEN YOU SELECT THIS PAYMENT OPTION*
| Example 1: Introductory Rate (Available to first-time customers on their first due date only) | ||||||||||||||
(Your Current Balance) | (Your Payment) | (Your Balance After Your Payment Is Made) | ||||||||||||
PRINCIPAL BAL | + | FINANCE FEE | = | TOTAL DUE | - | PRINCIPAL PAID | - | FINANCE FEE PAID | = | REMAINING PRINCIPAL BAL | + | NEW FINANCE FEE | = | REMAINING BALANCE |
| $ 100.00 | + | $ 10.00 | = | $ 110.00 | - | $ - | - | $ 10.00 | = | $ 100.00 | + | $ 30.00 | = | $ 130.00 |
| $ 200.00 | + | $ 20.00 | = | $ 120.00 | - | $ - | - | $ 20.00 | = | $ 200.00 | + | $ 60.00 | = | $ 260.00 |
| $ 300.00 | + | $ 30.00 | = | $ 130.00 | - | $ - | - | $ 30.00 | = | $ 300.00 | + | $ 90.00 | = | $ 390.00 |
| $ 400.00 | + | $ 40.00 | = | $ 140.00 | - | $ - | - | $ 40.00 | = | $ 400.00 | + | $ 120.00 | = | $ 520.00 |
| $ 500.00 | + | $ 50.00 | = | $ 150.00 | - | $ - | - | $ 50.00 | = | $ 500.00 | + | $ 150.00 | = | $ 650.00 |
| Example 2: Regular Rate | ||||||||||||||
| Customers who qualify for the introductory rate: This example applies to every due date AFTER your first due date. | ||||||||||||||
| Customers who do not qualify for the introductory rate: This example applies to EVERY due date. | ||||||||||||||
(Your Current Balance) | (Your Payment) | (Your Balance After Your Payment Is Made) | ||||||||||||
PRINCIPAL BAL | + | FINANCE FEE | = | TOTAL DUE | - | PRINCIPAL PAID | - | FINANCE FEE PAID | = | REMAINING PRINCIPAL BAL | + | NEW FINANCE FEE | = | REMAINING BALANCE |
$ 100.00 | + | $ 30.00 | = | $ 130.00 | - | $ - | - | $ 30.00 | = | $ 100.00 | + | $ 30.00 | = | $ 130.00 |
$ 200.00 | + | $ 60.00 | = | $ 260.00 | - | $ - | - | $ 60.00 | = | $ 200.00 | + | $ 60.00 | = | $ 260.00 |
$ 300.00 | + | $ 90.00 | = | $ 390.00 | - | $ - | - | $ 90.00 | = | $ 300.00 | + | $ 90.00 | = | $ 390.00 |
$ 400.00 | + | $ 120.00 | = | $ 520.00 | - | $ - | - | $ 120.00 | = | $ 400.00 | + | $ 120.00 | = | $ 520.00 |
$ 500.00 | + | $ 150.00 | = | $650.00 | - | $ - | - | $ 150.00 | = | $ 500.00 | + | $ 150.00 | = | $ 650.00 |
OPTION 2: PAYDOWN (PARTIAL PAYMENT TOWARD YOUR PRINCIPAL BALANCE)
THIS PAYMENT SELECTION MUST BE MADE AT LEAST 3 FULL BUSINESS DAYS BEFORE YOUR DUE DATE. You can make a payment toward the principal balance of your loan on ANY of your due dates. You can pay any amount in $50.00 increments ($50.00, $100.00, $150.00, etc.) toward your principal balance. Whichever amount you choose to pay will be IN ADDITION to your finance charge. This selection can be made by either calling our automated system at (866) 859-6132, logging in to your account at this website, or by faxing your Account Summary to us with your selection marked. Finance fees paid will not be applied to your principal balance.*IMPORTANT: A NEW FINANCE FEE WILL BE ASSESSED (based on your remaining principal balance) WHEN YOU SELECT THIS PAYMENT OPTION*
| Example 1: Introductory Rate (Available to first-time customers on their first due date only) | ||||||||||||||
(Your Current Balance) | (Your Payment) | (Your Balance After Your Payment Is Made) | ||||||||||||
PRINCIPAL BAL | + | FINANCE FEE | = | TOTAL DUE | - | PRINCIPAL PAID | - | FINANCE FEE PAID | = | REMAINING PRINCIPAL BAL | + | NEW FINANCE FEE | = | REMAINING BALANCE |
| $ 100.00 | + | $ 10.00 | = | $ 110.00 | - | $ 50.00 | - | $ 10.00 | = | $ 50.00 | + | $ 15.00 | = | $ 65.00 |
| $ 200.00 | + | $ 20.00 | = | $ 120.00 | - | $ 50.00 | - | $ 20.00 | = | $ 150.00 | + | $ 45.00 | = | $ 195.00 |
| $ 300.00 | + | $ 30.00 | = | $ 130.00 | - | $ 50.00 | - | $ 30.00 | = | $ 250.00 | + | $ 75.00 | = | $ 325.00 |
| $ 400.00 | + | $ 40.00 | = | $ 140.00 | - | $ 50.00 | - | $ 40.00 | = | $ 350.00 | + | $ 105.00 | = | $ 455.00 |
| $ 500.00 | + | $ 50.00 | = | $ 150.00 | - | $ 50.00 | - | $ 50.00 | = | $ 450.00 | + | $ 135.00 | = | $ 585.00 |
| Example 2: Regular Rate | ||||||||||||||
| Customers who qualify for the introductory rate: This example applies to every due date AFTER your first due date. | ||||||||||||||
| Customers who do not qualify for the introductory rate: This example applies to EVERY due date. | ||||||||||||||
(Your Current Balance) | (Your Payment) | (Your Balance After Your Payment Is Made) | ||||||||||||
PRINCIPAL BAL | + | FINANCE FEE | = | TOTAL DUE | - | PRINCIPAL PAID | - | FINANCE FEE PAID | = | REMAINING PRINCIPAL BAL | + | NEW FINANCE FEE | = | REMAINING BALANCE |
$ 100.00 | + | $ 30.00 | = | $ 130.00 | - | $ 50.00 | - | $ 30.00 | = | $ 50.00 | + | $ 15.00 | = | $ 65.00 |
$ 200.00 | + | $ 60.00 | = | $ 260.00 | - | $ 50.00 | - | $ 60.00 | = | $ 150.00 | + | $ 45.00 | = | $ 195.00 |
$ 300.00 | + | $ 90.00 | = | $ 390.00 | - | $ 50.00 | - | $ 90.00 | = | $ 250.00 | + | $ 75.00 | = | $ 325.00 |
$ 400.00 | + | $ 120.00 | = | $ 520.00 | - | $ 50.00 | - | $ 120.00 | = | $ 350.00 | + | $ 105.00 | = | $ 455.00 |
$ 500.00 | + | $ 150.00 | = | $650.00 | - | $ 50.00 | - | $ 150.00 | = | $ 450.00 | + | $ 135.00 | = | $ 585.00 |
OPTION 3: PAY YOUR LOAN OFF
THIS PAYMENT SELECTION MUST BE MADE AT LEAST THREE FULL BUSINESS DAYS BEFORE YOUR DUE DATE. You may pay your loan off on any due date. Your payoff amount will consist of your principal balance and finance charge. This selection can be made by either calling our automated system at (866) 859-6132, logging in to your account at this website, or by faxing your Account Summary to us with your selection marked.
| Example 1: Introductory Rate (Available to first-time customers on their first due date only) | ||||||||||||||
(Your Current Balance) | (Your Payment) | (Your Balance After Your Payment Is Made) | ||||||||||||
PRINCIPAL BAL | + | FINANCE FEE | = | TOTAL DUE | - | PRINCIPAL PAID | - | FINANCE FEE PAID | = | REMAINING PRINCIPAL BAL | + | NEW FINANCE FEE | = | REMAINING BALANCE |
| $ 100.00 | + | $ 10.00 | = | $ 110.00 | - | $ 100.00 | - | $ 10.00 | = | $ - | + | $ - | = | $ - |
| $ 200.00 | + | $ 20.00 | = | $ 120.00 | - | $ 200.00 | - | $ 20.00 | = | $ - | + | $ - | = | $ - |
| $ 300.00 | + | $ 30.00 | = | $ 130.00 | - | $ 300.00 | - | $ 30.00 | = | $ - | + | $ - | = | $ - |
| $ 400.00 | + | $ 40.00 | = | $ 140.00 | - | $ 400.00 | - | $ 40.00 | = | $ - | + | $ - | = | $ - |
| $ 500.00 | + | $ 50.00 | = | $ 150.00 | - | $ 500.00 | - | $ 50.00 | = | $ - | + | $ - | = | $ - |
*Act now and receive our special introductory rate for first time NEW customers on your first loan ONLY! Finance charges are calculated on the basis of $10 per $100 borrowed for each 14 day period, which is equivalent to an APR of 260.71%.
Review by : toptenreviews.com
TenDollarPaydayLoan.com offers 30–second loan approvals and direct deposits within 24 hours. They also offer first time customers a 60% discount on initial finance charges – only $10 per $100 borrowed. The application is slightly more comprehensive than others are and takes just a little more time to complete, but it is easy – just fill in the blanks. The site is easy to use and to find information, they disclose their fees and rates.
TenDollarPaydayLoan.com offers a FAQ page and an email address. We were not able to access the member’s area, so we do not know what contact information may be available there. This site appears to be secure, they employ SSL encryption and “https” was displayed in the URL.
TenDollarPaydayLoan.com offers a great incentive for first time loans – a low fee – after the first loan the fees jump up to the highest fees we have seen. This says to us that they are trying to hook customers with the first loan, however they fail to offer an incentive to use them a second time.
Please Note: We did not actually acquire a loan from any of the services we reviewed. We cannot make any statements about how a service operates once a loan is attained, we merely compared available information.
