LATEST CASH ADVANCE NEWS
Monday, February 25, 2008
PAYDAY LOANS FAST BECOMING A MIDDLE-CLASS FINANCIAL TOOL
A story in the Norfolk Virginian-Pilot described how payday loans have become popular with a surprising new group: middle-class suburbanites. Payday loans have traditionally been seen as a crutch for low-income consumers, and lenders perceived as predators taking advantage of their needy situation. In fact, payday lenders are now targeting "good, hard-working, middle-class people" with median incomes of $30,000 or more.
One local resident, a pipefitter, routinely paid off one loan before taking out another to cover bills. In this manner he was able to avoid the high interest costs associated with borrowers who failed to meet their repayment obligations on time. It appears payday lending to the middle class is a trend that's here to stay.
Monday, February 25, 2008
Thursday, February 21, 2008
Cash Advance Frequently Asked Questions
Q: I've heard of payday loans described as numerous different terms. What are the differences?
Payday loans are also known as cash advance, short term loans, payday advances, cash loans, fast cash, fast loans, bad credit loans, deferred deposit, and a number of other things. No matter what you call them, payday loans can help get you through a temporary financial difficulty.
Q: I would like to get a payday loan. How do I receive my cash?
The payday loan / cash advance is usually deposited directly into your bank account.
Q: What is the loan approval process?
Once you have completed the application, you may be connected with a lender that matches your needs. Based upon information you provide in the application, each lender will determine whether or not they can offer you a cash advance. If you are pre-approved, you will be forwarded to the lender’s web site. If you are not pre-approved, we will try to present you with an opportunity to apply at another web site for a cash advance or similar product.
Q: I have finished the application. When will the money be in my bank account?
Depending on the lender that you qualify for, the money can be in your account in as little as one day. You will be contacted by email or telephone shortly after you apply with follow-up from your lender.
Payday loans are also known as cash advance, short term loans, payday advances, cash loans, fast cash, fast loans, bad credit loans, deferred deposit, and a number of other things. No matter what you call them, payday loans can help get you through a temporary financial difficulty.
Q: I would like to get a payday loan. How do I receive my cash?
The payday loan / cash advance is usually deposited directly into your bank account.
Q: What is the loan approval process?
Once you have completed the application, you may be connected with a lender that matches your needs. Based upon information you provide in the application, each lender will determine whether or not they can offer you a cash advance. If you are pre-approved, you will be forwarded to the lender’s web site. If you are not pre-approved, we will try to present you with an opportunity to apply at another web site for a cash advance or similar product.
Q: I have finished the application. When will the money be in my bank account?
Depending on the lender that you qualify for, the money can be in your account in as little as one day. You will be contacted by email or telephone shortly after you apply with follow-up from your lender.
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