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.

Web Site = http://www.payday-loans-connection.com

Contact Details = V.C. Curto

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