Press Release Summary = At Lowest Loan Rates, you will find payday loans, bad credit loans and debt consolidation loans at very low interest rates. With a database of 1500 lenders, insurance agents and credit counselors you can be sure to find a lender who can offer you the best interest rates. Thousands of people around the US use our payday loan services to offset short term financial pressures.
Press Release Body = Understanding Both Sides of the Coin
USA- -Feb 20, 2006 - - Payday loans make for a debatable topic. While some strongly advocate their necessity, some others vouch that they are unnecessary and only make loan-lending companies richer by making the average employee fall into a vicious debt cycle. Both viewpoints are right, but the angle you see entirely depends on which side of the fence you stand! Payday loans are short-term, high interest loans, which are a financial respite for those finding it difficult to sustain their monthly financial burden. Payday loans vary in their interest rates, ranging from $15-$20 per hundred dollars. Higher interest rates are levied because these loans generally are considered high risk from credit point of view. To be approved of these loans, no collateral is required; all you need is a regular salary paycheck to show the loan provider.
Despite high interest rates, why do people utilize payday loans? Credit cards offer cash loan too, but credit card advance has a cumulating high interest credit. Moreover, credit limit available may be a problem here. Acquiring a personal bank loan is a lengthy and cumbersome process, as banks do a thorough study of your credit history before offering you an unsecured loan. Payday cash loan, on the other hand, are fast and convenient. They do not require you to have any qualification nor does the lending company perform a credit check. Even if your credit report and credit scores are bad, you can still procure a payday loan. The process is also simple. All you need to do is fill up a short form online, and receive cash loan within a few hours.
At Lowest Loan Rates, you will find payday loans, bad credit loans and debt consolidation loans at very low interest rates. With a database of 1500 lenders, insurance agents and credit counselors you can be sure to find a lender who can offer you the best interest rates. Thousands of people around the US use our payday loan services to offset short term financial pressures.
Web Site = http://www.lowestloanrates.com
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