Wednesday, November 7, 2007

Are Payday Loans A Solution?

What is your opinion on Payday loans? I have a buddy of mine that runs a couple Payday loan offices locally so I guess I can't be too critical. I think that in a limited range of circumstance they can be a benefit to the consumer. If you are in need of quick cash and absolutely know you will be able to pay it off in full then it might not be a bad option for short term emergencies.

A payday loan or cash advance is a quick and easy way to bridge your cash needs between pay days without a credit check. It is a small short-term loan that can range from $100 up to $1,500. The money can be electronically deposited and repaid from your checking account on mutually agreed upon dates.

Over the last year or so there has been a huge increase in Payday loan websites. I receive mail from at least 1 or 2 each day. My buddy mentioned a site that he participates with that offers Faxless Payday Loans, Multiple Quotes, and a nice calculator. This allows you to compare sites and fees and see which one will work best for you. If you find yourself in an immediate need of cash and know you will have the ability in the very near short term to repay then check out the site and get some quotes.

Yours Truly,


Because You Need To Know What I Think

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