The Payday Loan- Is the convenience worth the cost
Released on = December 11, 2005, 9:52 am
Press Release Author = Good Times At Home LLC
Industry = Accounting
Press Release Summary = Convenient online cash advances up to $500 are available with no faxing. It is the responsibility of both the borrower and the lender to arrange loan terms so that the amount borrowed does not put the customer further into debt.
Press Release Body = Online cash advance loans are quickly becoming one of the easiest ways to receive a advance cash within one business day. Also known as an online payday loan, this type of short-term, unsecured advance is a great way to obtain emergency cash, up to $500, between paychecks. Payday Loans Connection is an online resource that connects visitors to no faxing paycheck advances all across the United States.
It does not matter why a visitor needs cash before his or her next payday, Payday Loans Connection's mission is to connect visitors with the advance cash he or she needs. Whether it's a broken down car, an overdrawn bank account, or simply a need to get away, Payday Loans Connection is there to help its visitors find the payday advance cash that they need.
This type of short-term cash loan is truly a source of emergency cash and should be used as such. The payday debt cycle is much too easy to fall victim to if loan terms are not carefully considered. Borrowers should be made clearly aware of the fees associated with payday loan advances, whether it be $10 or $30 per hundred borrowed for a two-week period. Borrowers need to carefully budget repayment into their next paycheck and avoid loan extensions.
If used appropriately, the no faxing payday loan can be very useful. Borrowers and lenders should fill their roles in a responsible fashion so that the payday loan industry is not mistakenly accused of loan sharking. Borrowers need to beware of borrowing too much, and cash lenders need to calculate an appropriate loan amount independent of what the customer wants, similar to how credit card companies determine credit limits.
Payday Loans Connection does not perform any lending. It is an online information resource that connects visitors to various lending institutions. Visit Payday Loans Connection (http://www.payday-loans-connection.com) for more information.