Friday, 12 June 2015

Online Payday Loan News - United States & Canada

Get The Cash You Need Now @ Wage Day Cash
As the cost of everything continues to rise, many people are finding themselves running out funds before their next payday. Some are turning to payday loans or cash advance stores just to make ends meet. However, many people are not aware of the total cost of payday loans. Many payday borrowers don’t understand that a $15 or $20 fee for borrowing $100 is actually quite expensive. It means the Annual Percentage Rate (APR) is actually around 400%! Not many people would accept this APR on a credit card, but accept it willingly when taking out a payday loan. One reason payday lending companies charge such a high APR is because they don’t do credit checks and they are assuming all the risk in the loan. Many borrowers have poor credit and have few options for borrowing.
Payday loans can also be called: cash advance loans, check advance loans, post-dated check loans or deferred deposit loans. Whatever they are called, they work the same way. A consumer writes a check or completes an electronic transfer form for the amount of the loan plus the fees. The payday lender then gives the consumer the loan amount minus the fees. The fee can be based on a percentage of the value of the check or a set amount for the increments of money borrowed (for example, $20 for every $100 borrowed). The check is then deposited or electronically submitted for payment on the consumer’s next payday. If the consumer realizes that the money won’t be available on the payday they can “roll over” or extend the loan for an additional fee.
“Rolling over” or extending the loan is where most people get in trouble. An individual who borrows the money when they are in desperate need and pays off the loan on the first payday will keep out of debt problems. But someone who extends the loan several times will certainly end up with bigger debt problems than they started with. Certain lenders will only allow a consumer to extend their loan up to the state limit or 4 times whichever is less. If an individual borrows $100 with a $20 fee and then extends the loan 4 times, by the time the loan is paid they have paid $100 in fees, just to borrow $100.
The No.1 for online loans in the United States & Canada Wage Day Cash has been rated at 87% conversion rate with 79 out of 100 of those borrowers feeling relieve and satisfied with the level of loan service received.

Saturday, 30 May 2015

How To Make Money As A Payday Loan Affiliate...?

Payday Loan Cash Advances - Installment Loans

No.1 For Payday Loan Cash Advances - Payday Loans USA - Canadian Payday Loans - Installment Loans USA

No.1 For Payday Loan Cash Advance USA - Short + Long Term Loans - Canadian Payday Loans - Installment Loans
Posted by Mark Penny on Saturday, 30 May 2015