Payday loans offer a significant advantage that no other lending institution can match. But any Google search involving the word “payday” will bring back several thousand hits for blogs decrying how awful they are. Google has in fact restructured its algorithm to highlight attack pieces of the private loan industry, and bury anything positive people have to say about it.
This blog, as well, will be prejudicially buried, because it aims to inform you of the many ways payday loans can help you.
But why? What are the Powers That Be so afraid of?
Is it because payday loans are a dependable source of fast cash for millions of Americans every year? Is it because the Big Banks don’t like competition? Or is it because these loans are really the greatest evil in the country today?
The truth is that payday loans are generated by small business owners, not mega-corporate global entities. This allows them to be more responsive, and cater directly to the needs and wants of their customer base.
Payday lenders offer an advantage that banks and credit unions just can’t compete with. In fact, they offer more than one advantage! So why is it that you should think about finding a private lender?
The Payday Advantage
The Fastest Cash Loans in the World
This isn’t an exaggeration. Most payday lenders offer same-day cash. Even the online lenders can wire the money directly into your account in a matter of hours, not days. What bank do you know of that will approve your loan and get you the money that quickly? If you can’t wait around for endless paperwork, meetings, and red tape then a payday loan can get you the cash you need NOW.
No Fax Loans
No matter what kind of credit you have, it doesn’t matter to a private lender. This kind of loan is nothing other than borrowing against your next paycheck. As long as you have a paycheck coming in, and a bank account to accept the funds, you don’t need anything else to be approved for the loan.
Get Approved Online
You don’t need a fax machine, a car, or a bus ticket: everything you need to do for your payday loan can be done in the comfort of your own home. Online application, online approval, online cash transfer. Unlike many banks, payday lenders adapt to the cutting edge technology and use it to make your life, and your loan process, as easy as possible.
- Demand Grows for Payday Loans: Are Big Banks to Blame?
- Payday Loans and Banking
- Direct Lenders vs. Loan Brokers
- The Short but Definitive History of Payday Loans in the United States
- What is a Payday Loan?
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