www.My Pay USA.com

www.My Pay USA.com

This scenario happens to almost any working person: a few weeks before you receive you pay, all sorts of emergencies happened in the house. Your faucet just leaked, the computer being used by your son broke down and to buy a new one would be a better alternative than to have it repaired, or worse, someone in the family got sick and needs to be hospitalized. Sounds familiar? I bet it is.

These are the unexpected incidents that will require you to have instant money, instant cash. Financial emergencies that will ask a lot from the budget that you had set; so what will be your option now? You can afford them, definitely, it's just that you don't have the instant money right now, and since you can't use your credit card (because you are waaaay overboard already), there is only one more option to take. That is to avail a payday loan.

Payday loans are already making its way to the hearts, and pockets, of employed people who need of instant cash in a rather fast way. They are short-term loans that can save you from the possibility of being broke just before your next payday. Many companies offering this are found online, this will definitely make the search easier and handy. Then these companies will be the one to help you in looking for the institutions that will lend you the money you need, then the money will be transferred to your account, ready to be withdrawn to meet all your financial needs. No paper works, no credit back check, very simple; they will then just withdraw your payment from your bank when your next salary is there.

So, you will ask what are the benefits that you can get form availing payday loans (that is, if the given example above is not yet enough)? I have listed below some of the benefits that one will get from a payday loan, read on and learn how it can be helpful in times when you need instant cash the most.

MyPayUSA.com

MyPayUSA.com

In today's financial climate it is nice to have options to get cash when you need it. Many people have friends or relatives who they can turn to when they get behind on bills, but others may not be so fortunate. The latter groups of people are those who find that payday loans are a viable option, an option that gives them the ability to access cash quickly and at a reasonable rate as compared to the alternatives of destroyed credit and outrageous bank fees.

I have been in the payday loan business for about five years, prior to that I had a good Federal job and was just two years away from being fully vested in my Federal retirement. My job was privatized and overnight, my Federal retirement was out the window. I had two options: to continue to work for the contractor 800 miles away for the same pay and no retirement benefits or to do something different. I started to look for something different. Luckily during my Federal career I had been steadily investing in small real estate projects and had some resources to work with. I looked at a large number of real estate based businesses but one day I came across an opportunity to buy into a payday loan corporation. At first I didn't really understand the industry and couldn't really understand why people used this type of business. My "ah-ha" moment came on the day when I got a call from my son who was in college at the time. He said he needed money because he had been overdrawn at the bank and didn't know it. He had been using his debit card for a variety of small purchases like gas, slurpees, fast food, etc. The bank continued to allow his debit card to charge these items while charging $25.00 for each and every transaction for which he was "over drawn" resulting in "over draft fees". By the time he figured out what was going on, he was $275.00 in debt to the bank for fees on his 11 transactions. From this point on, I started to realize the fallout for a lot of Americans who fall behind on their bills and don't have credit options available to them.

www.MyPayUSA.com

www.MyPayUSA.com

You might have heard of a payday loan. Are you wondering what it is? Well, this article will give you much needed information on everything you need to know about Payday Loan.

Payday Loan is also called paycheck advance in some areas. As you can guess from the words, payday and loan, it is a short-term loan that is intended to cover the employees expenses until the next payday comes. These are what some may call emergency loans. The amount of cash that you will borrow will be removed from your next salary. There are times when people call these loans as cash advances. Though if we use this term then it can also be related to the credit card industry. There are various legislation regarding payday loans. It contrasts from one country to another and in the case of the United States of America, from one state to another.

There are some states and countries that strictly impose usury limits. They limit what is called the nominal annual percentage rate (APR) which is the charge of the lender to the borrower. This will be added to the debt of the borrower. We can also see the statistics side of the situation. The effective annual rate (EAR) takes compounding into account unlike the nominal annual percentage. For example, when a borrower decides to loan an amount of $200 on a 2 week payday loan with a 20 percent charge there is a significant difference between the computation of APR and EAR. When we compute it using the APR then we will have a computation of 26 x 20 percent = 520 percent. However, when we compute it using the EAR then we will have a computation of (1.226-1) x 100 percent= 11, 447 percent. As we can see, there is quite a difference between the computations of the two rates so one has to be careful when reporting whether each rate is quoted so that the computations will be reliable and unquestionable. It will also be helpful to know these computations when you are the borrower so that you will know if you are paying the right amount of money.

www.WeGiveMoney.com

www.WeGiveMoney.com

If you are short on cash and need an emergency loan to pay off a bill, you are likely to need an online payday loan.

Online payday loans are generally for someone who has low credit and is living paycheck to paycheck. Then an emergency comes up, their kid is sick or their car needs emergency repairs, or a bill comes up and it cannot wait until payday to get paid. So, why on earth would someone need to worry about taking out an online payday loan?

What is a payday loan?

These online loans are too readily available for quick cash. All a person needs is proof of employment, usually a few paycheck stubs, your boss's phone number, and two forms of identification. That's it. Normally your credit score doesn't even come into play.

The money is made available to you usually in 24 hours or less and is deposited directly into your checking account. Sounds easy right? Online payday loans usually come with enormous fees and potentially dangerous risks. Here is what you can look for to keep yourself safe and your identity in the clear.

The Dangers of Online Payday Loans

The biggest danger is you. If you loose your job before payday, or your paycheck is not large enough to cover the "up to 60% fees" you could be owing money to the online payday loan creditor AND your banking institution. Associated fees, percentage rates, and payback percentages are big money making business for these companies.

www.GuaranteedLoansNow.org

www.GuaranteedLoansNow.org

In today's high paced world and with the rising cost of living, is it any wonder that many people meet with financial crises so often and need a short term payday loan even when they already have bad credit history?

It could be as simple as a flat tire just before payday or a medical emergency such as a broken bone or sprained joint. You come to find out that you just don't have enough. Or maybe your needs are a little more long term, such as a home or auto repair, or an unplanned trip. And you find you just don't have enough to pay for it, and what is more, you either have maxed out credit cards or you don't even have credit cards, much less credit.

The answer is unsecured loans. There are several types of unsecured loans in today's market. Even if you have bad credit, it's plausible to find something that fits the bill.

Unsecured loans are simply extensions of credit where none of the borrower's assets are used to secure collateral for the debtor or loan agent. Instead, funding may be guaranteed for the promise of a future payment such as is the case with payday loans and certain types of credit cards. The only drawback may be associated fees or higher interest rates. However, when you really need the money, it may be worth it.

Types of Unsecured Loans

Payday Loans:

This is a temporary loan secured on the promise of repaying your next paycheck to the lender. These often carry high fees as well as interest rate either during the initial installment, or retroactive if the repayment is not secured by your next payday. These loans are great for a one time emergency, every once in a while. The high fees make them not so great for long time solutions or for repeat users. The good news, the loan is often secured with just a signature, a few paystubs, and is deposited usually within 24 hours. Loan amounts vary from a few hundred dollars to about a thousand dollars.