Introductory rates may only apply during certain time frames or for specific loan amounts. When consumers are searching for Emergency Loans online, they may inadvertently respond to an advertisement. They see a low rate advertised and think it applies to every applicant. They proceed with the application process, thinking they are getting a lower rate than the one that is actually being offered to them. In many cases, when applicants do not verify the loan rates and fees up front, they never end up reading this fine print. In addition to the interest rates being charged, Payday Lenders often charge loan processing fees. The finance charges and loan original fees may be quite substantial. Borrowers who do not verify all the rates and fees associated with Payday Emergency Loans could end up repaying more than they intended.
