A payday loan company, talking about when to say “no” to a payday loan? Yes, there are times that GoDay supports the decision to say no when it comes to payday loans. No one likes surprises when it comes to money, that is why GoDay prides itself on our company values, and some of those include a “what you see is what you get” approach. This includes no hidden fees so you know exactly what you’re paying. Our payday loans should help to alleviate your financial stresses, not add to it. That’s why at GoDay we are a short-term cash flow solution intended to help you get back on track, not get your further from your financial goals. With this in mind, this is why we created our go to guide for when it is necessary to say “no” to a payday loan.
No Options
When it comes to you and your money you should be treated like an individual with personal solutions, not like everyone else. In most physical retail loan locations you may be given a loan that can be too big or too small based on your financial needs as there are set amounts that are given to customers based on the category you fall under or your profile. At GoDay we give you the choice of how much money you need as we are not a one size fits all company. By not having a say or choice when it comes to your loan, that’s how payday lenders have received such a bad reputation. So if you aren’t given options on customizing the loan that you’re looking for, whether that is the amount or even payback option, that is when you should say no to that payday loan.
Outstanding Debts
Now when we say outstanding debts, we don’t mean things like mortgages. One of GoDay’s rules are we won’t give you another loan if you have an outstanding balance and haven’t paid us back yet. And we, unlike some other payday lenders have this policy in place for a reason. If you currently have a short term loan balance outstanding this is definitely one of those times you should be saying no to another payday loan. Instead you should be focusing on paying off your current loan before applying and accepting a new one. Remember it’s always about getting back on track, not further from your financial goals.
No Trust
Are you finding out about hidden fees and additional charges after you’ve been approved or received your loan? Not with GoDay, because what you see is what you get. Having trust in your payday lender is one of the number one things you should look for in a short term loan. Payday lenders are the same as any other retailer when it comes to customer experience, if you don’t trust them then you’re not going to do business there. That’s why GoDay prides itself in our customer experience and when it comes to their trust, we focus on you and your needs. Which is one of the reasons why GoDay is a digital company that still has real people ready to help you, so you get the convince of your loan on your time, with the same in person experience if needed.
Have you ever said no to a payday loan? Let us know why in the comment section below.
