Payday Loan Comparison
If you were to borrow $445 from a payday loan store for 6 months,
your costs are as follows:
*The amount of finance charge you would pay over the six months would be approximately $1,430.00.
**assumes you continue to borrow every 14 days for 6 months**
If you were to borrow $500 from Globe Loan Company for 6 months,
your costs are as follows:
*Your monthly payment would be approximately $92.30 for 6 months
*The amount of interest you would pay over the six months would be approximately $53.80.
**these are approximations and are not exact quotes**
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