Are $500 Payday Loans Taking Advantage Of Consumers
Released on = January 24, 2006, 9:05 pm
Press Release Author = Best Loan Sources
Industry = Accounting
Press Release Summary = There are many $500 Payday Loan Qualifications, And These Qualifications Are Revealed Here, But Are These Type Of Loans Taking Advantage Of Consumers?
Press Release Body = Some people argue that \"$500 payday loans\" take advantage of unsuspecting consumers by charging such high interest. And indeed its true that these type of loans charge a much higher interest, however you must weigh the other factors of the loan. First the loan is for a very short period of time, so the actual money you pay in interest is very small. Also, people who need these type of loans are grateful for them, getting a quick payday loan when you need the cash is very convenient, then you pay back the money when your payday arrives. $500 payday loans may not be the best loan source, but it is a necessary one for those who need it.
$500 payday loan qualifications:
1. Have a regular income? You must show you have a regular income, usually a minimum income of $800 to $1200 per month.
2. 18 years old or over?
3. A checking account in good standing? No bad checks written in the past, and some lenders even require the checking account to have been open for at least 4 months.
4. Information regarding your personal contacts, name, address, phone numbers, etc? It\'s best to get this information ready before you need it.
Some lenders may even require additional information. You may have trouble getting a $500 payday loan if you are a temporary worker, or you freelance. Also if you have another $500 payday loan outstanding, even with another lender, you may have your application declined.
David Kuvelas is the owner of: http://www.best-loan-sources.com/ and is committed to helping people learn about how various loans work, their pro\'s and con\'s.
Contact David Kuvelas for more insights into this topic. Direct line: (702) 858-5122 Email: webautoincome@yahoo.com Other helpful information can be found at: http://www.best-loan-sources.com/
For More Information Contact:
David Kuvelas webautoincome@yahoo.com http://www.best-loan-sources.com/
Web Site = http://www.best-loan-sources.com
Contact Details = David Kuvelas||7910 W. Tropical Parkway #150-111||Las Vegas , 89149||$$country||||702-858-5122||webautoincome@yahoo.com||http://www.best-loan-sources.com