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Old 12-08-2005, 08:17 AM  
chadglni
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Join Date: Dec 2002
Location: PEI, Canada
Posts: 6,924
Quote:
Originally Posted by XxXotic
you have to write them a post dated check in order to get money, that's how they assure themselves of payment. You make the check out for the loan amount + whatever interest they charge and date it for the 2-3 weeks whatever their loan period is and they deposit the check on the due date if you haven't come in and paid it off. If the money isn't in your account bank still pays them plus u get whacked with NSF etc.

As to what's required. I think just ID, post dated check and maybe a bill or 2 just to confirm your mailing address. If I can catch up with my neighbor before she heads to work I can find out for ya, she's used them
Bank doesn't cash a bad check just because it's a loan. If you don't have overdraft it bounced like a superball.
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