Short term loan solution from One Nevada
Advance Pay from One Nevada is a short-term loan program that costs less than typical payday loans. We provide lower rates, no application fees and loans up to $1,500.
Terms & Rates
NOTICE OF RIGHT TO CONTACT THE OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS REGARDING CONCERNS OR COMPLAINTS. TOLL-FREE IN NEVADA (866) 858-8951.
IMPORTANT FACTS TO CONSIDER BEFORE YOU BORROW
How Payday Loans Work: Payday loans are short-term cash loans usually secured by the borrower’s post-dated personal check. We do not require a post-dated check. Loan payment is deducted directly from your account.
Payday Loan Terms: Loan amounts generally range in amounts from $100 to $1,000. Average loan term is two weeks. Rates average 470% annual percentage rate (ple, to borrow $100 for two weeks, the finance charges range from $15 to $30, is 390% to 780% APR. Our lower than average APRs and finance charges are shown above.
Two-Week Due Date: Payday loans usually have a two-week due date. If you receive income only once a month, you may need to extend your loan two or even three times incurring additional fees before receiving your monthly check to pay off the loan. This could make your loan very expensive. A different kind of loan might be better for you. Take advantage of our free financial counseling explained on the next page.
Debt Traps: Payday loans often trap consumers in repeat borrowing cycles due to the high costs and very short repayment terms. Borrowers average 8-13 payday loans per year from a single lender. Nearly 60% of all payday loans are either same-day renewals or new loans taken out immediately after paying off the prior loan. This means that over time, payday loan fees often exceed the original loan amount. Don’t get caught in the debt trap. Take advantage of free financial counseling explained below.
The following applies to members of the military and their dependents if: (a) at the time your loan is made, you are an active member of the military or you are a dependent of an active member of the military (as those terms are defined in the Military Lending Act, 10 U.S.C. 987 and its implementing regulations); and (b) your loan is unsecured or secured by personal property that you did not purchase with the proceeds of the loan. Continue reading Short term loan solution from One Nevada