Same Day Cash Loans: Make Your Day Sunny With Instant Cash
The prime feature is it is an unsecured form of loan. Applicants can easily grasp the small cash benediction just by meeting some basic eligibility. There is a bevy of lenders available online and offline. Getting same day cash loans online is becoming popular. Various reputable lenders operate online. To begin the loan process, you simply submit an online application for review. Where you need to furnish true information in the space provide. All you need here is to answer all asked questions and include pertinent information such as employment, income, bank account information etc. Most these money provisions start you out with the ability to borrow up to �1,500 in cash. You will need to fill out the application by mentioning your loan requirement. And once your application is approved, the funds will usually be deposited into your bank account on the next business day. Later, you have 2-3 weeks to pay the funds back in full.
If you do need more time, then payday loan companies can grant you a repayment extension as long as you pay the interest due at the time of the due date. Generally, these loans are used to cover the cost of your day-to-day expenses and for loans for unemployed too. For the reason, such loans carry an inflated rate of interest. Since it is a short term loan, being charged a high rate of interest is no rarity. A push to interest rate is given by the resultant risk. So, if you are taking such a loan, then you should be prepared for the inclusion of these factors into your interest figure. What you can prevent is the margin that the loan providers try to earn over and above the factors mentioned above.
This is by choosing a lender who offers these loans at standard rates. Besides, some companies require you to fax in documents. These may include a copy of your driver's license, pay stubs, etc. but with a faxless personal loan, no faxing of documents is required. The company verifies all your information and when your application is approved, the company directly deposits the funds into your bank account. You get the money on the very day of your loan applying.
source:http://pr-usa.net/index.php?option=com_content&task=view&id=115781&Itemid=28
Quick Payday Loans: Fetching You Cash Immediately
Quick Payday Loans are short term loans. They are unsecured by nature so you don’t have to run around arranging for collateral. In addition to this, they do not perform any credit check. So if you happen to have bad credit, you can have a sigh of relief. The only criteria that quick payday loans expect you to have are these
1 You have citizenship
2 You are 18 years old or above
3 You are currently employed
4 Your income is above $1000.00
5 You have a valid checking account which is at least three months old.
For quick payday loans, you just have to fill an application form and upon approval, your loan amount will be electronically wired into your account very swiftly. These loans are available for any amount up to $1500. Since they are supposed to be paid back on your next payday, you will get a repayment term of 2-4 weeks from the date of loan approval. The lenders will use a post-dated check signed by you to withdraw the amount from your checking account. If you find yourself unable to repay within this set period, you can have your amount rolled over by paying an extra fee.
Quick payday loans are meant exclusively for your convenience. The entire process is free of hassles and you get the loan released in a really short time. However, their interest rate can be quite high. So you must take some time out to compare lenders’ quotes online. This way, you will be able to find lower rates.
source:http://www.bestsyndication.com/
Quick cash fast loans for unemployed and tenants : unplanned and indispensable demands
The unplanned and indispensable demands compel an unemployed person to hunt for some extra cash. To overcome such sudden financial awkwardness you may consider the quick cash fast loans for unemployed and tenants. As they are unemployed they do not have source to generate money in instant so such circumstances becomes challenging. In such a financial mess unemployed persons can procure the extra little amount with the help of quick cash fast loans for unemployed and tenants.
Quick cash fast loans for unemployed and tenants provide cash the same day. The approved cash is transferred to the given bank account with the online provision. Obtaining loan with the help of this finance scheme is easy and quick and also you can easily find lenders in the market offering this scheme. You can borrow the cash for any ends like: unexpected illness, car repair, credit card bills, electricity bill, and dream vacation in an exotic destination etc. The quick cash fast loans for unemployed and tenants are unsecured in nature and you can avail the loan without placing collateral.
With the help of this scheme unemployed persons and tenants can borrow loan amount up to £1,200 with a flexible reimbursement term. The borrowers can waive the due date by informing lender’s office whenever they confront any contingency. Unemployed persons having a past bad credit report or currently striving with a poor credit can also avail the loan. The loan amount also helps bad creditors to improve the credit rating and settle issues like defaults, late payments, arrears, county court judgment, debts and bankruptcy.
Interest rates of quick cash fast loans for unemployed and tenants are reasonable and also vary from one to another lender. The worthy way to find a lender offering nominal rate of interest is by comparing the loan quotes. If you are unable to come to a reliable decision then approach a financial service from an expert. So, unemployed persons and tenants can easily fulfil the unexpected demands with the benefits of this scheme.Quick cash fast loans for unemployed and tenants are meant to offer financial aid when they confront sudden and inevitable demands. This is an unsecured form loan and can be accessed irrespective of credit check.very quick payday loans
1.payday loan or payday cash loan, payday advance loan or paycheck advance loan are same things. It is usually a quick and small loan for a short term that is used for any Urgency by the borrower until their next paycheck. These loans can range anywhere from $100 to $2500. Interest rates will vary and are based on annual interest rates (APR) and can go as high as 780%.
For example for a two-week loan the cost for a $100 loan could be $15 and is taken out of your checking account when the two weeks are up. Be aware that if you renew the loan they'll take the $15 out of your back account and after two weeks you'll owe another $15.
2.If you plan to borrow from an online payday loan lender you may be charged interest rates of up to 50%. Online or Internet payday loans can vary from $10 to $50 for every $100 borrowed. So it's important to know that you need to check with several online payday loan companies, get quotes and compare first before you sign anything.
When you are ready to borrow online after you have compared several payday lenders you'll need to fill out an payday loan application form. In some cases they'll want you to fax personal information like your bank account number, your social security number, where you're employed, etc. In some cases they offer no faxing payday loans and you'll do everything online If you're working with a payday lender who is not faxless they'll want you to fax copies of bank statements and a copy of a voided check, paycheck stub or other employer information. They'll 'direct deposit' the loan into your checking account.
What you want to be careful of is transmitting your personal information over the Internet, especially your bank account number and social security number to payday lenders that you haven't done any research on. It's important to thoroughly check out the payday lender and make sure you feel safe giving them your personal information.
Easy cash payday loans for unemployed
It is true that, there is a risk factor involved in lending money to an jobless person and that is why many people think that it will be tagged with a higher interest rate. It is recommended to you to indulge in some online work before borrowing, scan through the various options presented to you in accordance to your particular state of affairs. There are several loan providing companies who offer great rates of interest for payday loans for this section of the society. Even if your financial standing is blemished with bad credit record, these finances are attained by short-term lenders. In accordance to your preference you could even choose online services providers to access these lenders.
These lenders can let you enjoy speed of approval of payday loans that is exceptionally fast, providing access to funds usually within 24 hours of application submission. This financial assistance has a short-term usually spanning from 14 up to 21 days, and requires to be repaid as soon as you get another the paycheck from your new job. In this manner, it offers appropriate monetary solutions to fill up gaps created by jobless status.
Cash Till Payday Loans: Get Money Anytime
Cash till payday loans are generally categorized as short term loans and thus, these loan offer an amount ranging between £100 and £2000. However, the borrowed amount is completely free from the hold of the lender and can be used for any sort of purpose as per the borrower's requirements. Another advantage that borrowers get to enjoy with this loan plan is the absence of collateral submission and for this reason only; this loan scheme has gained huge popularity among tenants, non home owners and people who do not wish to put their property at stake. Hence, if you are also bothered because of an unplanned monetary expense then immediately consider the option of cash till payday loans and easily manage your expenditures in an appropriate manner.
Cash till payday loans are intelligently crafted with an easy set of terms and conditions and offer a substantial amount of funds to serve people's daily financial needs. Moreover, these loans are totally free from the elementary requirement of credit check and thus, all those borrowers who are facing problems with their damaged credit report can doubtlessly opt for this loan plan. With these payday loans, one can easily plan out a weekend holiday trip or can effortlessly meet any medical emergency. Hence, now you are no more required to delay your important expenses and plans just because you have a limited source of income.
Internet has made it extremely simple for the borrowers to apply for cash till payday loans. They are simply required to log on to the website of their selected lending company and fill up the online application form for the same. As soon as your form gets posted on the site, the executives from the company will revert back to you. They will then carry out the mandatory procedure of documentation and identity verification. All borrowers can stay assured with the fact that these procedures take the shortest possible duration to get accomplished and the amount will be credited into their account immediately. Hence, do not loiter more in the finance market in search of instant cash resources, simply consider this loan option and get rid of your excruciating financial problems in no time.
source:http://www.bestsyndication.com/?q=20080711_cash_advance_payday_loan.htm
Cash Till Payday Loans: Get Money Anytime
Cash till payday loans are generally categorized as short term loans and thus, these loan offer an amount ranging between £100 and £2000. However, the borrowed amount is completely free from the hold of the lender and can be used for any sort of purpose as per the borrower's requirements. Another advantage that borrowers get to enjoy with this loan plan is the absence of collateral submission and for this reason only; this loan scheme has gained huge popularity among tenants, non home owners and people who do not wish to put their property at stake. Hence, if you are also bothered because of an unplanned monetary expense then immediately consider the option of cash till payday loans and easily manage your expenditures in an appropriate manner.
Cash till payday loans are intelligently crafted with an easy set of terms and conditions and offer a substantial amount of funds to serve people's daily financial needs. Moreover, these loans are totally free from the elementary requirement of credit check and thus, all those borrowers who are facing problems with their damaged credit report can doubtlessly opt for this loan plan. With these payday loans, one can easily plan out a weekend holiday trip or can effortlessly meet any medical emergency. Hence, now you are no more required to delay your important expenses and plans just because you have a limited source of income.
Internet has made it extremely simple for the borrowers to apply for cash till payday loans. They are simply required to log on to the website of their selected lending company and fill up the online application form for the same. As soon as your form gets posted on the site, the executives from the company will revert back to you. They will then carry out the mandatory procedure of documentation and identity verification. All borrowers can stay assured with the fact that these procedures take the shortest possible duration to get accomplished and the amount will be credited into their account immediately. Hence, do not loiter more in the finance market in search of instant cash resources, simply consider this loan option and get rid of your excruciating financial problems in no time.
source:http://www.bestsyndication.com/?q=20080711_cash_advance_payday_loan.htm
Quick Cash Loans - Ensure Urgent Help Without Any Enquiries
Under these loans, you can borrow £100 to £1500 as per your monthly salary. The only main basis of the loan approval is that you should be working in a company for past six months at least and get fixed monthly salary.
These are unsecured loans as you do not have to offer any security. You will get the loan approval for two weeks so that you can repay from next paycheqe. However, the repayment can be extended for a month as well, with high costs involved in doing so.
You must be aware of the fact that on each borrowed £100, you will be making a fee payment, which is usually very high. This implies that you will repay the loan with high fee, which may make the borrowed amount burdensome for salaried people. It is advisable to make use of the loan for urgency only.
Do not worry if your credit history is blemished one. Still, you get the loan without any credit checks. These easier loans, thus, can be used for making timely improvements in your credit rating.
Make a comparison of different lenders who claim to be having a suitable deal on quick cash loans. Compare their fee and you will find that some lenders charge lower fee to combat the competition. Ensure that you repay the loan on time and avoid extending it as it costs a lot to do so.
Source:http://www.bestsyndication.com/?q=20080606_online_loan_quick_cash.htm
LeadPoint launches Payday Loans
“Payday lending is the fastest growing UK consumer finance product. By launching into Payday loans we are taking another step on the way to becoming the number one lead generator in the UK,” said Nick Chapman, LeadPoint UK Managing Director. “LeadPoint has been growing very quickly over the last few months and we are already trading over 1500 leads a day with our current Mortgages, Loans, Insurance and Debt products. The addition of Payday Loan leads will see our market continue to grow.”
Payday loans are short term loans usually between £80 to £1000. Typical borrows have an income of between £15,000 and £35,000 but live on a tight budget and a Payday loan acts as the perfect way to make the books balance until the next pay day without having to pay late charges or bouncing cheques. The whole application process can be done online and the loan can be approved very quickly and the funds deposited into their account on the same day. On their payday the repayment amount is debited using the customer’s bank account debit card.
“LeadPoint has already established themselves as a major player in the online payday leads market in the US and with the launch of the payday lead vertical in the UK we hope to achieve the same success,” said Chapman. “Over the coming months we will be launching a number of new products to continue to build our market place and offer lead buyers and sellers in a variety of industries the ability utilise the most efficient and profitable environment in which to buy and sell leads.”
LeadPoint’s technology brings buyers and sellers together in a truly unbiased marketplace. The company ensures a fair exchange by monitoring lead quality and customers themselves. Leads are competitively priced based on bids, performance and ratings by members of the LeadPoint community. The platform allows buyers to change bids in real time, and enables sellers to more efficiently sell leads and to enter multiple verticals simultaneously.
source:http://www.e-consultancy.com/news-blog/365492/leadpoint-launches-payday-loans.html
UK Payday Loans: Help In Your Short-Term Need
You can secure a good sum just less than in 24 hours. The sum one can find under the money provisions ranges from £200 to £1,200. The granted money is kindly repaid just in two weeks. In the meantime, you will have to repay the principle amount plus some fees that is usually incurred upon by the lending body.
As you know, lenders earn by charging fee over the lending amount. This mode of fee charging is known as interest rates. Rate of interest varies from person to person and even lender to lender. So, all you will have to do is make it sure that the deal you are going for make according to your budget.
There is a bevy of borrowing options available online and offline. Though processing online is preferred as it saves a great amount of your time and energy. For you will have to fill out a simple online application form for the subscription of these loans. Several lenders go through your loan application; there you will have to select a lender of your choice. The selected lender of your choice clarifies his policies and plans of the loan. Later, the money you need is granted. The granted money is electronically deposited into your account in less the 24 hours and above all in some special cases just in some hours too.
Source:http://www.bestsyndication.com/?q=20080408_uk_payday_loans.htm
Quick Cash Payday Loans cash within 24 to 48 hours
No Fax Required Payday Loan: Internet Make It easy
Using The Internet For Securing Payday Loans
You can search for the advance payday loan companies on the internet. In the growing world of online business, almost all lenders have websites through which you can directly apply for the no fax required payday loan. You have to fill up the online form and the approval is sent to you within a few hours. After that, you have to go through the terms and conditions of the loan, agree to them and send your consent. You receive the borrowed amount in your bank account through direct wire transfer through the internet facility.
The whole process is rather simple and it´s designed in such a manner that it extends fast financial support to you in times of emergency. When you are facing a sudden money crisis, the only thing that you would want is a reliable source through which you can borrow money to meet the urgent requirement. At that time, you would not want any waiting time or questions asked regarding what you would need the money for. The online no fax required payday loan provides just the same to you.
The Eligibility Requirements
The criteria for eligibility for the no fax required payday loan is straight forward. You need to fulfill the following conditions-
1 You must be a legal US citizen.
2 You must be at least 18 years of age or older.
3 You must be in a stable job, working for the same employer for at least last 3 months.
4 Your monthly salary should not be less that $1000.
5 You must have an active bank account in your name.
The basic criteria are as mentioned above; they can vary slightly from company to company.
In case of personal paycheck loans, the companies do not ask you to fax any documents like your pay stub, your bank account details, bank statement etc. They verify everything online through the phone and internet tools. The same day no fax payday loan is a fast money option as the cash is delivered to you within 24 hours. But do remember to use this facility only in case of emergency situations- such as ones where you are unable to wait till your payday. The fee charged is high; the late payment penalties are even higher and lure for fast cash is over-whelming. It´s better to first exercise some control over your financial condition and restrict your expenses. If faced with extremely pressed financial conditions, do take advantage of the no fax required payday loan…it is yet another alternative that can bail you out in contingencies.
No fax required payday loan means simple application and speedy disbursal of money. The amount is deposited in the borrower´s account within 24 hours in case of same day no fax payday loan.The process involves no paperwork, thus online no fax payday loan is rather convenient.
source:http://www.losangeleschronicle.com/articles/56376
No Fax Payday Advance – Easy Cash
No fax payday advance is the best answer to tackle these emergency financial problems. The biggest benefit of no fax payday advance is that you can get the loan pretty fast and directly into your account. Sometimes it takes only few hours to transfer the loan in your account.
Availability
It is very easy to get no fax payday advance as all you have to do is to apply for it. The information you supplied is then verified by the lender. Your credit report is not checked but it is necessary that you should be employed. Applying and getting loan is very quick procedure and it may be approved in a few hours too. Also online appliers get extra benefit in the matter of time and comfort as the loan is granted quickly. With no fax payday advance, you are not required to fax any documents for the loan grant.
It is a short term loan usually granted for 2 to 4 weeks. So it’s necessary to pay it on or before due date. Its interest rate is a little higher then traditional loans but a borrower can’t feel the burden as it is to be paid in a short term. The exact loan amount being granted depends much upon your exact monthly salary and your credit rating.
Advantages
One of the most significant advantages of payday cash advance is that it is approved easily and takes minimum amount of processing time. It meets the emergency needs of day to day life. Also having poor credit generally does not matter in the approval of payday cash advance.
The requirement for the qualification for payday cash advance is very simple in terms. All you need is to be an employed person drawing regular salary.
Andrea Fletcher is an MBA with a Master's in Finance. She has an expertise in writing on topics related to finance. Here she shares her views on no fax same day loans.
source:http://www.bestsyndication.com/?q=20080314_no_fax_payday_loan.htm
All About Payday Loan With Savings Account Only
There can be certain situations in your life where you require urgent cash to meet certain unexpected expenses. You may have a car breakdown, some house hold repairs, overdue payments or medical expenses which need to be cleared before your next paycheck. To meet such expenses, when you seem to be running out of other viable options, here is the alternative of payday loan available with savings account only. The processing time of these loans is quick and is usually done within 24 hours of application.
Procedure
There are some details that you need to furnish for the speedy processing of the application as well as for increasing your chances of approval. You need to give your name, address, contact number, place of work, position in the company, duration of employment, work contact details and employer´s name and address. These details will give the assurance to the lender that the borrower is in employment. The borrower is required to be at his present job for a minimum period of 6 months. You also need to give your bank account details where the money gets wired directly into the account.
You need to ensure that you fill your details correctly. This will reduce time taken to a great extent in checking the application as well as with the processing.
An online submission of the application form is also highly convenient as you can file your form at a faster pace and can obtain speedier approval. You also have the advantage of accessing the internet from anywhere, thus making a quick payday loan application. The companies usually respond to customer applications, requests, and queries within 24 hours. You can thus have instant cash advance approval from any part of the world. The faxless savings account payday loan also gives you the benefit of fast processing with no faxing of documents.
More Security
Payday loan using savings account gives more security than some other cash advance loans. There is security with submitting the application online and the loan amount, after approval, is credited directly into the bank account. This is a safe and secure way of depositing the money and also ensures speedy delivery. These loans also allow the customers to hold on to their privacy and their information is also kept confidential.
No credit check is done for savings account payday loan and thus even those with a poor credit score can avail these cash advances to meet their urgent cash requirements. Availing these cash advances also give an opportunity to these people to work on their credit scores by ensuring timely repayment of the borrowed sum.
The payday loans should be applied for only if you are in real need of money. Try and meet your expenses without these quick paycheck substitutes as they come with high interest rates. Do make it a point to repay the borrowed amount as soon as you get your paycheck as otherwise you will have to pay an exorbitant sum due to added interest and other penalties.
source:http://www.losangeleschronicle.com/articles/55085
Payday loan bill advances
The Senate Judiciary voted 4-3, on a party line vote, in favor of House Bill 1310. The bill limits the annual interest rates on deferred deposit, or "payday" loans, to 45 percent. Currently, the fees charged on a payday loan translate to an annual percentage rate of more than 390 percent.
A coalition of political, social and religious groups has targeted the industry, saying it profits from customers trapped in a cycle of debt. Figures from the Colorado attorney general's office, which regulates payday lenders, estimates the "average" customer paid $573.06 in total finance charges to borrow $353.88 for about 51/2 months.
"A payday loan is not set up for success - it's set up so that you get into that cycle," said Dale Mingilton, a board member of Mile High United Way and a former banker.
Payday lenders, as well as their employees and customers, came out in force to testify against the bill. Employees expressed concern about their jobs, while customers testified that the loans got them through tough times.
Some lenders owned just one or two stores, like Richard Patnoe, who owns Cash Outlet in Longmont and Dacono. He makes very little on his utility-bill payment, money-order and Western Union services, he said, so if payday loan fees are cut, most of his profits will be, too.
"There seems to be the impression that some stores will stick around. Mine will not."
The hearing also attracted the CEOs of regional and national companies.
MoneyTree's Dennis Bassford said if the bill is approved, "I will be forced to close all 13 of my Colorado locations."
Senate President Peter Groff, D-Denver, the bill's sponsor, said the purpose wasn't to shut down the industry, though he was not concerned about lenders who would close.
"Innovative businesses" and credit unions "would step into the void," he said.
Source:http://www.rockymountainnews.com/news/2008/mar/06/payday-loan-bill-advances/
Air Force to launch loan program
The loan program is an Air Force Aid Society initiative that begins March 3 at Air Force installations worldwide.
Under the Falcon Loan program, an airman can apply for a loan of as much as $500.
A similar effort was launched last month by the Navy-Marine Corps Relief Society. It includes a cap of $300.
The Air Force loan program “will be helpful in diverting some airmen faced with financial emergencies away from high-interest payday lenders,” Gretchen Shannon of the U.S. Air Forces in Europe, Airman and Family Readiness Branch, said in a news release.
One of the primary features of this program, according to the Air Force, is the ease and speed with which an airman — or a spouse with power of attorney — can secure a loan. A person needs only to fill out a short application form, visit a family readiness center, and present their ID card and a current leave and earnings statement, according to the Air Force.
Loans must be paid back within 10 months, sooner if an airman is separating from the service during the load period.
“The streamlined application process for a Falcon Loan requires no budget information, backup documentation or first sergeant or commander approval,” the news release stated.
Ultimately, the hope is that a cash-strapped individual will avail themselves to the guidance and financial services available at family readiness centers.
Source:http://www.stripes.com/article.asp?section=104&article=52527
Payday loans cap supported
A bipartisan group of House leaders yesterday proposed a 36 percent cap on interest rates, limiting loans to five per year and no more than one at a time, but allowing lenders to collect a 10 percent fee on loans, which are now restricted to no more than $500.
Supporters of House Bill 12 include Speaker William J. Howell, R-Stafford, and House Commerce and Labor Committee Chairman Terry G. Kilgore, R-Scott, both of whom last year sided with lenders in opposing a rate cap; also Del. Dwight Clinton Jones, D-Richmond, head of the Legislative Black Caucus, for which a clampdown on payday loans is a priority.
Later, Senate Republican Leader Thomas K. Norment Jr., R-James City, another friend of payday lenders, told the industry's lead lobbyist, Reginald N. Jones, that if a deal is not reached this year, "I could be convinced the best thing to do might be to abolish the industry."
Yesterday's developments indicated that, despite the millions of dollars lenders are spending on lobbying, contributions and advertising, lawmakers are wearying of an issue that is inflaming constituencies within both political parties and is seen by a growing number of local governments as destabilizing communities through mounting personal debt.
"We've got to get rid of the issue this year," said Sen. John S. Edwards, D-Roanoke, who last year backed industry-written safeguards. "There is either serious reform or just cap it."
The industry vowed to fight on, depicting the House plan as unfair to its customers in need of small loans and a death sentence to money stores whose profits would be sharply reduced. An executive of the industry's trade group, former South Carolina state Sen. Tommy Moore, complained that it had been shut out of talks on the House bill.
"In essence, legislators are painting consumers with a broad brush and attempting to create a financial product that will not work in the free market," Moore, a Democrat, said in a written statement.
Currently, lenders collect $15 on every $100, setting the initial cost of a $500 loan -- the maximum under Virginia law -- at $75. A 36 percent cap translates to about $1.40 per $100, not enough, the industry says, to keep cash stores in operation.
Though the state was opened to lenders in 2002, a backlash against the industry -- it is depicted as ensnaring the unsuspecting in debts that can take months or years to repay -- has left Virginia surrounded by jurisdictions that have banned lending or dramatically restricted it.
House Bill 12 is expected to emerge today from the Commerce and Labor Committee and could be on the House floor by Friday.
Supporters are predicting a hefty vote for the measure, perhaps weakening the resistance of the industry's top supporter in the Senate, Richard L. Saslaw, D-Fairfax, the majority leader and chairman of the Senate Commerce and Labor Committee.
source:http://www.inrich.com/cva/ric/news.apx.-content-articles-RTD-2008-02-05-0113.html
Payday lenders question proposed limits
An effort by the Kentucky Youth Advocates to tighten regulations that apply to payday loan companies could face opposition from the industry.
Irene Spargrove, public relations specialist for Checksmart Financial, which operates payday advance stores in 10 states including Kentucky, said payday loans are less expensive than overdraft or late fees.
"Consumers have chosen to go with a payday advance over not paying their bills," she said.
She said some of the suggested proposals could limit their decision-making power and, depending on how the legislation is worded, might push payday advance companies out of business altogether.
The Kentucky Youth Advocates released a report this week urging the state legislature to pass legislation that:
• Extends the minimum terms, giving borrowers more time to pay back their loans. The minimum now is 14 days.
• Lowers the cap on fees.
• Limits consumers' ability to pay a loan off in cash and then immediately take out another payday loan.
• Creates a database to track payday loans and ensure that people are not circumventing laws by borrowing more than is allowed.
Extending the minimum term to more than 14 days would create "an entirely different product," said Lyndsey Medsker, spokeswoman for the Community Financial Services Association of America, which represents the payday advance industry.
"A payday loan is a two-week loan," she said. "People use payday loans as a bridge to their next paycheck."
In some states, she said, efforts have been made to limit fees to an annual rate of 36 percent, which Medsker and Spargrove said would translate to a $1.38 fee per $100 loan.
"That legislation would push payday lending out of the state," Spargrove said, because lenders could not afford it.
She also said a database such as the one suggested by the Kentucky Youth Advocates might make customers uncomfortable.
"These consumers are adults," she said. "It is their decision to make."
According to an estimate by the Center for Responsible Lending, a typical payday loan borrower would end up paying back an average of $793 for a $325 loan. But Spargrove takes issue with that.
"That's just not the case at all," she said.
Jamie Fulmer, spokesman for Advance America, which operates 42 Kentucky locations, said more than 90 percent repay their loans within the two-week period.
If they can't, they can get an extension at no additional charge if the company is a member of the Community Financial Services Association, Medsker said. The association would like to make that a legal requirement for all payday loan companies, she said.
It is difficult to assess the Kentucky legislation because it has not yet been filed, she said.
source:http://www.kentucky.com/101/story/309704.html
Many take pass on Quick Assist loans
Pacific offices anticipated big crowds when the Quick Assist Loan program, or QAL, went worldwide Jan. 23, after a successful pilot program saw 75 percent jumps in loan traffic at eight test locations.
QAL is a “no questions asked,” interest-free $300 loan available to some active-duty Navy or Marine Corps personnel. Qualified servicemembers download the online application and bring it with their identification and last Leave and Earning Statement to one of the 53 full-service NMCRS locations, where a check will be cut in about 15 minutes.
Yokosuka saw 13 QAL customers in the first week — a good showing, but lower than expected, branch director Andrea Bowen said Wednesday.
“We thought we’d be really busy at first and then it would slow down,” Bowen said. Advertising of QAL has been aggressive, she said, but “maybe people still don’t know about it.”
The alternative, she added, is that “maybe there isn’t a huge need here — and that’s a good thing.”
Loans are offered in five categories: basic living expenses, such as housing, utilities, food and clothing; family emergencies; medical expenses; dental expenses; and vehicle/transportation expenses. One of the category boxes must be checked on the application, but no specifics are needed. Servicemembers must repay the QAL within 10 months and can get a maximum of two QALs a year. Only active-duty sailors and Marines without alerts or outstanding loans with NMCRS are eligible.
The “ease of use” is geared to keep servicemembers away from payday lenders who target them, said Andrea Tatayon, the Okinawa branch director. One such lender has set up shop outside Camp Foster’s gates, but payday lending still isn’t the problem in Japan that it is stateside, she said.
“We’ve seen a couple of payday loans, but not many,” Tatayon said. “What I like about QAL is that the servicemember isn’t losing a lot of time — they can be in and out in 15 minutes.”
The Camp Foster branch has seen 10 QAL customers — not the “mass
amounts” of people they’d hoped for, she added.
source:http://www.stripes.com/article.asp?section=104&article=52084
No teletrack payday loans at cash advance payday loans
No teletrack payday loans are instant cash providers. Any individual can borrow the proposed amount of cash but by meeting certain principles of eligibility. The eligibility demands that applicants should be a salaried person and should own a valid bank account against his name. If any individual meet this laid principle then they can borrow cash between £100 and £1,200 for a short term. The short repayment term ends till 30 days from date of its approval. But flexibility of repayment is provided in this scheme. If any discrepancy occurs while repaying the cash then borrowers or customers can waive the due date. Borrowers can stretch their due date according to their convenience by paying an extra fee. Such fee charged is always excluded from interest rates.
Interest rates are reasonably calculated to make affordable for all. But if you collect and compare the loan quotes of different lenders then you can spot the low prevailing rates in the market. Or in a simple manner take the help of loan calculator and get a preview of your monthly instalments.
The cash assist you in making payments without getting delay. For instance: medical bills, booking of travel tickets, electricity bills, credit card bills, school fees, are such can be tackled easily with the cash of this scheme. Bad credit persons can also borrow the cash and also make payments of such ends in a better.
source:http://www.pr-usa.net/index.php?option=com_content&task=view&id=59688&Itemid=9
Faxless Payday Loan – 100% Guaranteed Advance!
Why To Choose Payday Loan And Not Any Long Term Credit?
The emergencies can strike you in any form and at any point of time in your life. Such emergencies can be like small car repair expenses, credit card payments, hospital bills, holiday expenditures. Faxless payday loans can easily solve these small money problems. However, for this, you need to submit the application and wait for it to be approved.
Faxless pay day loans are easy to qualify, as these requirements are very simple. If you fulfill the below mentioned requirements, then there are very rare chances of your application being rejected. The criteria requires you to be:
1. 18 years of age or above
2. Employed at the time of applying and you should be working there from at least three months
3. Must be drawing minimum $1000
4. Must possess a checking or saving bank account at the time of applying a cash advance.
About Loan Amount, Duration And The Application Process
This is a hassle free program, which is given for a short period of time. The only difference between these programs and other traditional loans is the duration. These cash advance offers an advance for the duration for 2-3 weeks. Other traditional loans are borrowed for long periods of few years. The basic thought behind instant faxless payday loan is to help you in meeting up monthly expenditure or any sudden expenses. The people with bad credit can also borrow the faxless bad credit payday loan.
The amount for which cash advance can be approved varies from $100 to $1500. It is not possible to borrow any other loan for such small amount; therefore instant cash loan is the only solution in your emergency conditions.
The procedure for applying begins from an online application form, which is available on the lender´s website. This application form is easy to understand and simple to fill in. It just requires your personal as well as financial information. Once the information supplied by you is verified, your cash advance is approved and the money is wired to your bank account the next business day.
If fax less pay day advance can easily solve up your financial issues, then do not hesitate in borrowing it. Consult the lender if required and put an end to your money problems.
Source:http://www.americanchronicle.com/articles/49127
Easy Payday Loan: A Friend in Need!
Often We Face Financial Crisis
Millions of people, who live on their paychecks, often get caught in an unexpected financial predicament. It might be due to sudden break down of your car, pending school fees of your child, huge credit card bills, or unforeseen illness of someone from your family. In such hard times, you need some fast cash to solve the problem. Online cash loans can play an important role in this situation.
How It Works?
Easy online payday loan is a small, unsecured short-term loan. Usually, it ranges from $100 to $1,500. It can help you to cover your unexpected expenses, even within 24 hours and are relieved.
To apply for these loans you need a computer with Internet connection. Browse through the websites of numerous loan providers. Compare and contrast the rates of interest and repayment schemes of each lender to pick up the best offer. Next, you have to fill up an online application form with some basic personal information including personal account information, social security number, current job status, etc. The lender may also require faxed copies of your recent bank statement. After the submission of the application, the lender will analyze and approve it as soon as possible. The approved loan amount gets deposited automatically in the personal account overnight.
What Is Special About Payday Loan?
A number of advantageous aspects have made fast easy payday loan extremely popular among people in need of fast cash. These aspects can be summarized as:
Lender will not check applicant’s credit score
It can be applied in person, over phone, or on Internet
Hassle-free application, with no rigorous documentation
Overnight cash approval
Absolutely no application costs
It is secure and confidential
A Few Points To Remember
Undoubtedly, cash advance is the unique solution in your sudden emergency. With a bad credit history, when you cannot visit the bank or any other source for loan, only an instant cash loans can ensure your social status and security. But you should not make it a habit; otherwise you might be caught in the trap of permanent debt. Submit your personal information only to the genuine online lenders. A few watchful steps can definitely prove payday loan to be a key to your happy life.
Payday loan to be a key to your happy life.
Easy payday loan can bring a sigh of relief in your life. Forget your financial crisis with easy online payday loan, quick easy payday loan, and easy approval payday loan.
Source:http://www.americanchronicle.com/articles/viewArticle.asp?articleID=48751
Get Quick Cash With Payday Loans UK
Every now then what happens is that no matter how intelligent or how rich a person is, a situation is always liable to come up that catches us a little short of money.
These situations can be very irritating and sometimes very difficult to deal with. Some of the examples of such situations are
? A medical bill comes up that was not expected
? An unexpected car bill
? Various grocery bills
? Utility bills
? Buying something which was not planned in advance for e.g. from a sale
A proper and a hassle free to deal with situations like this is to take a payday loan also known by other names these loans provide you with the opportunity to bridge that the gap between two pay cheques or just cash shortage because of any reason. These expenses if not dealt with properly can further accrue into a sum much bigger than now.
Applying for the payday loans is easy all the borrower needs to do is to evaluate his situation and apply to a creditor online. The borrower will be required to fill his personal details and if your conditions match the loan will be approved in next 24 ? 48 hours. Repayment of these loans is done within a week to a fortnight with the term extendable to a month.
Other features of the payday loans are:
? A loan amount of £200 to £1500 can be arranged
? Interest rates are on the higher side
? Loans are approved very quickly
? No problem of bad credit and therefore no credit checks required
? Minimum or no paper work required
? Easy for every one to apply.
? Financial information of the borrower is kept confidential
With all those features available on top of the need payday loans area better way to tackle the problems rather than letting the thing go on or even try to break your savings account.
After you have made up your mind that you are going ahead with the payday loans you must check that you fulfill the criteria for taking a payday loan. The criterion is that the borrower should;
? Be a UK citizen
? Should be at least 18 years of age
? Should have a minimum earning of £800 a month
? Should have a current and checking bank account
After all the formalities have been done all that is left to be done is an application for the payday loans.
It is not necessary that everyone has liquid cash but the needs do not know that, that is why it is sometimes important to take payday loans and there is no harm in taking the payday loans as with the loan terms available it is as if we are using our money.
source:http://www.longtermortgage.com/article.cfm/id/60585