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What happens when don't pay a 300 payday loan? Many direct lenders will immediately have you pay a fine if you miss a payment. Imposed fees tend to be up the roof and can even result in bankruptcy if not properly paid. That is why it's so important to make sure you understand the fine print of any "three-day" or "transaction" loans, no matter what type of payday loan you are looking for. If you don't fully understand the fine print you might end up paying more than you need to and get yourself into even bigger financial trouble.
https://paydayinusa.com/300-payday-loan
Most "three-day" loans have a higher interest rate than their "transaction" cousins. This higher interest rate means your payments will be higher than someone who makes two or three same size, direct loans. The good news is that if your lender offers a "Transaction", or "Three-Day" loan they might be willing to work with you if you want to make lower monthly payments in order to get a loan with affordable terms.
The best way to get a loan with affordable terms and keep your payments down is to negotiate with your lender. Ask direct lenders how much money you can afford to pay back each month, then ask for better terms. If they seem uncooperative or just unwilling to work with you, shop around for another lender. There are literally hundreds of different types of payday lenders out there. With a bit of negotiating, most direct lenders will be willing to work with you.