All Posts Tagged With: "emergency money"
A payday loan could help your business
Jennifer McClelland | RSS | Sat, Oct 17 2009 | 3 CommentsPayday loans are typically things that most people try to stay away from. However, there can be times when a payday loan is something that you can turn to. In your business you may be able to get a payday loan to help fund a new project while you wait for your pay check from your “day job” to clear.
However, and I cannot emphasize this enough, you have to be responsible with your money. You have to be especially careful when it comes to borrowing money from payday lenders or any lenders. You also need to make sure that you watch the APR on the amount that you lend. There is a lot to think about when going to a lender rather than using your own money.
If you do plan on going to a payday lender you really want to try to go with a company that is based in the United States (or whatever country that you are located in). This is always the more secure choice than going to offshore companies. Sometimes you also need emergency money and an online company with a quick 24 hour turnaround is usually a better choice than having to go to a business in your town. It can also be kind of embarrassing to go to a public establishment to get a payday loan. Going online to get the money is a bit more discreet.
The PayDay One company offers many benefits to potential borrowers. With a company like this one, you can bank on the fact that the company is a trusted, domestic company. It offers better rates than most companies and someone who needs the money can fill out an application 24 hours a day whenever they may need money. If you have a business and may not have the best credit score (and have the ability to pay back loans quickly) then this may be the right lender for you.
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Tags: payday loans, payday one, public establishment
The Pitch – Why would anyone get a cash advance loan?
Jennifer McClelland | RSS | Fri, Aug 28 2009 | 4 Comments
Why are people taking out cash advance loans?
Question:
Cash advance loans are notoriously bad loans. They typically have outlandish APRs and often leave the borrower in some kind of financial turmoil. So, why would anyone take out a cash advance loan to begin with?
Answer:
People take out cash advance loans because they need emergency money and their credit isn’t good enough to get traditional loans. This is one of the only reasons that I can imagine why people would want to take out payday, title, or cash advance loans.
Many people can’t afford the outrageous APRs, so I am not too sure why these companies pop up just about anywhere there is a hole in the wall. I suppose it’s because they make so much money off the people who do pay, that the people who don’t or can’t pay are overshadowed by the other customers’ payments.
Have an idea or want us to use your pitch in the next issue? Then, make a submission on The Pitch Page. Related posts:
The Pitch – What are your opinions about health reform?
A payday loan could help your business
Tags: The Pitch, next issue, hole in the wall

