Monday, June 23, 2008

What Is Your Opinion On A Payday Loan

What is your opinion on Payday loans? I have a buddy of mine that runs a couple Payday loan offices locally and an online site as well 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 can be a quick and easy, albeit expensive, 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 several years there has been a huge increase in Payday loan stores and websites. I receive mail from at least 1 or 2 each day. I told my friend I would mention his site and that he offers Same Day Payday Loans. If for whatever reason you feel you need a service like this I would recommend that you 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. I personally think that payday loans are not the way to go, but I do see where they can be helpful in certain situations.

Yours Truly,


Because You Need To Know What I Think

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