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No. You must completely pay off the payday loan before you can make another loan. However, if you pay the fees and repay 25% of the amount you borrowed, you can refinance the remaining 75% of the amount you initially borrowed, but you will be charged additional fees based on the remaining balance owed. For example, if you borrowed $100 with $25 in fees and you cannot repay the entire amount on the due date, you can pay the $25 fees plus an additional $25 (25% of $100) for a total of $50 and refinance $75 (75% of $100). The additional fees to refinance the remaining balance of $75 would be $20. stopgrad.ru
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