National Payday Loan Blog - National Payday

Curently in the Lead:

Goliath vs David: Twisting the Truth on Payday Loans

4975296555_bd1050daa6_zAre you familiar with the story of David and Goliath? The massive, unstoppable warrior who was brought down by a humble boy and his slingshot? It is the ultimate underdog story.

So it’s been interesting, to say the least, how the Goliath-huge multi-national banking corporations and business-supported politicians have worked to convince the entire country that independent business owners – the Davids of the world — are the bad guys.


Can I Be Arrested for a Payday Loan?

5838537259_7ba1a12e5c_oIndependent lenders, who deal in such services as payday loans, title loans, and installment loans, have been known to use some aggressive collection practices on those clients who fall behind on payments. Sometimes, they even threaten legal action, including calling the police, to report delinquent payment.

Which leads to todays question – Can you actually be arrested or go to jail for defaulting on a payday loan? (more…)

Payday Loans Booming in Canada

2123523275_983f039f2b_zPayday loans are on the rise in the Great White North! Findings from new studies conducted by the Conference Board of Canada (CBC) and the Financial Consumer Agency of Canada (FCAC) indicate the Canadian payday loan industry is booming. But is this a good or bad thing for Canada and its citizens?

Each of these two reports provides very different kinds of data. When the two are compared and contrasted, it provides some very interesting facts about the financial reality for many Canadians. (more…)

Responsible Borrowing and Payday Loans

1ccczlGetting a cash advance, or a payday loan, is one of the few consumer options available to deal with emergency situations where you just can’t wait until your next paycheck. But it is important to use them in a responsible manner.

The convenience, speed, and availability of these cash advances makes them a very attractive offer for some people. How they work is very simple – instead of using a car or a house to secure a loan, you simply use your earning power. Based on how much you make, the payday lender will advance you that money from your upcoming check. That puts the money in your pocket NOW, no waiting necessary! And then when payday comes around, you use that check to pay back the loan. That’s the entire process in a nutshell. (more…)

Can Fast Payday Loans Fund Your Vacation?

3991312675_784af027cd_zThe family vacation – it can be the best of times, or the worst of times. Vacations are easy to promise, easy to plan, but often times very hard to pay for. When it comes times to start on your great family adventure, you don’t want to have to worry about finances. So the question may arise, should you take out fast payday loans for the vacation? (more…)

CFPB Wages War on Payday Loans; Consumers Disagree

27039220713_d85b4e4e91_zThe federal war against payday loans has been dealt a very damaging blow. Thanks to the Freedom of Information Act, the data collected by the Consumer Financial Protection Bureau (CFPB) has been made public. It shows that by a staggeringly wide margin, people who use payday loans are happy with payday loans.

This proves beyond a shadow of a doubt that the charges leveled by the CFPB are false. Consumers aren’t against these loans: the only people who don’t like them are bank executives! (more…)

The BIG Advantage of Payday Loans

27039224093_244450a86e_zPayday 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? (more…)

Gold Medal Athletes & Gold Medal Loans

6795882180_90209753fe_zLike everyone else around the world, we are obsessed with the Olympic Games! The glory, the honor, the sportsmanship – the greatest physical specimens our planet has to offer all chasing the coveted gold medal.

National Payday is the gold medal of online loans, but just like these Olympians we never stop striving to be even better. But why don’t we set business aside for a moment and focus on the Games!

The 2016 Summer Olympics in Rio marks the 29th Olympic games. By contrast, there have been 22 Winter Olympic games. (more…)

How to Find the Best Payday Loan for You

15607697348_24aa94f41d_zEven those that follow their budgets to the letter may sometimes find themselves in an emergency situation. It’s a very stressful position to be in, and if you need fast financial relief you may find yourself searching for the best payday loan to help you get through the emergency

There are a large number of cash advance lenders available today, each of which offers clients access to different options and programs in order to help them meet their financial needs.

It’s tempting to just go with the first payday lender that you find, but be sure to check out at least three different ones before making a choice. One should always compare rates, fees, and the amount that can be advanced. (more…)

5 Simple Rules for Never Needing a Payday Loan

12816080064_ee527c3da6_zEmergency fund: something easier said that done. We all know that we need to have at least six months to a year’s worth of salary saved up in the savings kitty, should the unexpected like a job loss or illness happen. No matter how important we know a healthy savings balance is for the welfare of our family, many tend to avoid this requirement simply because they either think they will never need it, or just because they think they cannot possibly afford to save.

But the emergency fund is more than just savings, it’s a safety net to catch you when you fall. When you don’t have a safety net and you are falling, those are the times you reach out and grab a payday loan. When you need quick cash to deal with problems, a payday loan is really your only choice… unless you have an emergency fund!

Here are 5 easy tips to help you build that fund. With a secure safety net, you will never need to rely on a payday loan. (more…)