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The Truth About Payday Loans Avoiding Potential Pitfalls
By John Lee

Submitted by: John Lee WorldWideReviews

Payday Loans.

You've probably heard the advertisements on the radio or seen them on the television or in the newspaper:

Need Cash Until Payday? Get $500 Deposited into your bank account in Minutes! No Credit Checks. Bankruptcy OK.

Whether known as "payday loans" or "cash advance loans" or "payroll advance loans", these are all part of a relatively new type of short-term loan transaction. And they are Hot.

Recent popularity.

Millions of people are finding themselves short on cash and needing a little help to carry them to their next paycheck. Payday loans may be helpful when you are h...
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More Payday Loans Resources

In the News

Payday loans serve those banks reject
Over the years I’ve seen many articles critical of the short-term financial product commonly known as a “payday loan.” They have been termed abusive for their high interest rates and the fact that people often have multiple loans and fall into greater debt. I don’t challenge the fact that more of these loans go into default; it speaks to a larger problem: Where do people with credit issues get ... Read More ...

Payday loans: Cap-the-rate campaign popular in Ravalli County
Bitterrooters are lending their support to a statewide campaignto cap the interest rates that payday and car title loaners cancharge. Read More ...

Payday loan companies and their collectors: The Real Deal
The Federal Trade Commission is cracking down on payday loan companies that aren't upfront about the terms of their contracts and who illegally try to collect. Read More ...

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