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From PaydayRate.com Experts
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Popular product, costly option:
More and more people are being careful in selecting a Payday Loan, and the PadyayRate Watchdogs believe this is a very good idea. Payday loans should only be used as a last resort, and carefully considering all of your options before signing is a very wise financial decision. The decision to take on a new loan should only be made once you look at your budget to determine if it is right for you. The Payday Watchdogs do understand that Payday, or cash advance loans, may be necessary at times. |
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However, we recommend that you always must take the time to understand the rates and terms of your loan before signing the paperwork. At PaydayRate, the watchdogs also recommend that you receive a referral from a trusted website or advisor before moving forward on any financial decision impacting you and your family. This can help keep you out of financial trouble. |
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When considering a payday loan:
Are you considering a Payday loan, or Cash Advance Loan? If you are, then the experts at PaydayRate want you to consider how it will impact your financial well being. Payday Loans are not for everyone. However, they can be used if you find yourself in an emergency money situation. If you are going to consider a payday loan, the payday watchdogs at PaydayRate strongly recommend that you consider this: only use a Payday Loan if you can pay it back immediately. |
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| Have you exhausted all other possibilities? Have you consulted with a professional Credit Counselor? Have you done your homework? Have you shopped around? We highly recommend that you consider all other possible financial options before signing on the dotted line. | |
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Today’s Financial Tips
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Why Extra Caution is Needed When Opting for Internet Payday Lending
Expert Article:
If you live in a state where payday loans are allowed, then you have the option of choosing between retail lenders or online lenders. Some would like to avoid the hassle and embarrassment of going to a brick and mortar store to get a payday loan, so they opt instead for an online loan.
While [...]
States with the Toughest Payday Lending Legislation
Expert Article:
President Barack Obama has said that he wants payday lending laws to become federalized rather than leaving important decisions, such as interest rate caps, up to each state. Until that happens, however, the laws between states will continue to vary wildly.
Some states have very strict laws that are diligently enforced. Other states have laws [...]
About Australia Payday Lending
Expert Article:
Payday lending in Australia is quite popular, but it faces the same type of scrutiny as similar practices do in other countries. Despite the controversy, this is an industry that continues to grow with new names jumping into the payday lending business each week. This article provides some general information about payday loans in [...]
The Truth About Payday Loans
Expert Article:
Human nature can play with our minds and convince us that the great things in life are negative because of gossip. Therefore, many people think payday loans are scams when they can actually be the best solution available for certain people. One must remember that the reason why payday loans go sour are because [...]
Payday Lending for the Younger Generation
Expert Article:
There are many things that can go wrong financially at any point in your life, young or old. When you are younger, you may be more inclined to try to get cash fast and forget to read the fine print. Payday loans are great for young people who are working full time and need [...]
Payday Loan’s Place in the State and Nation
News:
The times are looking rather dreary for payday loans. Recently, a slew of states have been enacting restrictions and guidelines for payday loan companies to abide by in the hopes to further protect borrowers from the outrageous interest rates that are charged by such lending companies. These restrictions include fee restrictions and percentage rate caps. [...]
The Final Days of Payday Loans
News:
Payday lending has become a polemic issue. On one side, many people are appreciative of the services that payday lending companies provide to people who are unable to receive small loans. On the other side, many people believe that companies are taking advantage of borrowers with outlandish interest rates which force them into a cycle [...]
Growth in Number of Britons Turning to Payday Loans
News:
In every country in which a form of payday loans are available, there is controversy surrounding the loans. The UK is no exception. As more and more Britons turn to this type of loan, more detractors express their concern about what that means and to the practices behind the lending.
The Loans
When mortgages were being handed [...]
Stopping the Cycle of Payday Lending Debt, says PaydayRate
News
March 02, 2010 -New York, New York — Payday loans can be very beneficial for people who are in need of a short term loan that they can pay back by their next paycheck to save themselves from a small financial crisis. One never knows when an emergency will arise, so having a payday loan [...]
The Downfall of the Payday Loan in Colorado says PaydayRate
News
March 2, 2010 – New York, New York — A bill has been passed regarding payday loans which will tremendously impact the payday lending industry in Colorado. This bill is seeking to cap payday loans at 36 percent instead of the regular flat fee that the lending companies are currently charging. Payday loan [...]
Three Tips about Using Retail Payday Lending
Tips:
In many places in the country, finding a retail payday lender is as easy as walking a block or two. These storefronts continue to increase in numbers in places where payday lending is allowed. At present, only one state, Georgia, prohibits the loans, but some smaller municipalities have placed their own type of ban on [...]
Three Tips about Australia Payday Lending
Tips:
Payday loans have helped some consumers meet short term financial obligations while waiting on a paycheck or funding from some other source. Unfortunately, these loans have also caused some who have used them irresponsibly to get into a financial hole that was extremely difficult to correct. Below are some tips to help you make sure [...]
Top 5 Tips to Avoid a Payday Loan Scam
Tips:
It is understandable that you may be in need of cash now but this should not be a reason to be a target for online scammers. Payday loans can be a simple way of getting the cash you need quickly and paying it off just as quickly on your next payday. Many people go online [...]
Top Three Questions About Canada Payday Lending
F.A.Q.:
Payday lending in Canada is different than in most other countries where such loans are available. While many locations charge extremely high interest rates, Canada’s new Payday Lending
Regulation has limited the amount of interest and fees that can be charged.
While the new regulations, which took effect in November of 2009, make the loans much more [...]
Three Common Questions about Retail Payday Lending
F.A.Q.:
The retail payday lending industry has seen a growth spurt in many states and there are no signs of it slowing. While there are many who are opposed to the types of lending practices employed by payday lenders, consumer continue to turn to them when short of cash.
While the loans can be helpful for short [...]
Answers to Three Common Questions about Internet Payday Lending
F.A.Q.:
Internet payday lending is a booming industry that continues to grow. Some online payday lenders are large companies that also operate retail lending locations. Others are run by small operators who work strictly online. Other sites that appear to be payday lenders are nothing more than sites set up by scammers in an attempt to [...]
