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      July 22, 2019

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Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Fast Cash Payday Loans vs. Traditional Loans

Although payday loans are somewhat like traditional loans in certain respects, there are many differences than similarities between the two. Like conventional loans, payday loans must be repaid according to the agreed upon terms but, seemingly, this is where the likeness ends.

When you think about a conventional loan, you probably think about a lengthy and detailed application, along with a complete review of your financial status and credit history. Following that, a lender will review the application and decide whether or not to approve the loan within several days. Payday loans, on the other hand, offer applications that typically take less than 5 minutes of your time, offer fast results and equally fast cash. In addition, the majority of payday lenders do not review your credit file, which means that an absent, limited or poor credit history will not likely hinder your ability to qualify for payday loans. In most cases, the funds from payday loans are transferred into your bank account within 24 hours.

When it comes to fees, the costs associated with payday loans are often more expensive than conventional loans. Payday loans often include the actual loan amount plus a fee based on the same. Most lenders charge anywhere from $10.00 to $30.00 per $100.00 loaned. In most cases, payday loans are available in amounts up to and including $1,500.00. Conventional loans, on the other hand, are issued with a preset interest rate and no additional fees. Without a maximum loan amount, conventional loans often provide for larger funding.

If you are trying to choose between a conventional loan and payday loans, your first consideration should be the amount of money that you need to borrow. If you need $1,500.00 or less and need this amount on a temporary basis and you have the ability to repay it quickly, payday loans may be the answer you need. If you need fast cash, payday lenders specialize in these types of loan requests.

When applying for payday loans, you will need a checking account, a regular job with steady income and you must be at least 18 years of age. When you apply for a conventional loan, you will still need a job with regular income and be at least 18 years of age, but you may also need collateral for the loan. Depending on the amount requested, you may be asked to provide tax returns, proof of assets and a host of information relating to your current net worth. When it comes to payday loans, your paycheck is your credit and no other collateral is needed to secure the loan.

The type of loan that you ultimately request will depend on a number of factors, including the desired loan amount, current income, ability to repay and the desire to repay it quickly or in payments. Most borrowers request payday loans for emergency purposes, including car and home repairs, doctor visits or simply when they need additional cash to carry them over until the next paycheck.

Payday loan alternative moves forward in California

A bill to regulate companies that provide early access to workers' unpaid wages passed a California Assembly committee this week by a wide margin. That should be a good sign for proponents, right? ...

Published:  Tue, 09 Jul 2019 15:17:00 GMT



Man gets away after robbing Fort Myers payday loans store at gunpoint

FORT MYERS, Fla. - A man got away after robbing a payday loans store at gunpoint in Fort Myers on Tuesday morning. Police said the man walked into Fast Pay Day Loans on Cleveland Avenue around 9 in ...

Published:  Fri, 12 Jul 2019 09:04:00 GMT



Know Your Options: What Are Your Best Payday Loan Alternatives?

Most Americans are working hard, but still living paycheck to paycheck. In fact, 78% of them fall into this category. It isn't about making a lot of money either. Of those making $100,000, about 1 in ...

Published:  Thu, 11 Jul 2019 09:43:00 GMT



Fort Worth firm allegedly violated payday loan laws for years. Now it's paying $39.7M.

Rebecca Anthony says the payday loans have crippled her finances. Before the loan, she said she and her family had been saving small amounts of money every month, but now they have payday loan bills ...

Published:  Fri, 28 Jun 2019 03:00:00 GMT



Convicted payday loan mogul's estate sale brings in hundreds of people

)) THE HOUSE HAS BEEN SEIZED BY THE FEDERAL COURT. )) THERE'S LIKE ALL KINDS OF DESIGNER FURNITURE HERE. )) THE TABLE FOR INSTANCE IS A CUSTOM MADE ACRYLIC. )) MICHAEL FRY OF BROWN BUTTON ESTATE SALE ...

Published:  Fri, 28 Jun 2019 15:41:00 GMT



SWIFTLOANS introduces their instantaneous on-line Payday Loans

Their newly introduced Instant payday loan service will make loan application and acquisition a lot faster than ever before. Swiftloans is an online loan service institution known for providing ...

Published:  Sat, 22 Jun 2019 04:16:00 GMT



How Post Offices Can Beat Payday Lenders

The fight to curb payday loans has reached one of America's oldest institutions: the Postal Service. Democratic representatives Bill Pascrell of New Jersey and Ayanna Pressley of Massachusetts ...

Published:  Fri, 28 Jun 2019 03:04:00 GMT



Payday Loans Online No Credit Check: Make an Informed Decision

There are times when you need a financial boost, however, your credit may not be up to par. Payday loans online no credit check give those with lower credit a fair chance. Even with a steady job and ...

Published:  Fri, 12 Jul 2019 16:28:00 GMT



The 'after' picture of student loans: Credit card debt, smelly cars, pawn shops to make ends meet

The loans have hounded her family's finances for years, putting them in credit card debt and forcing them to rely on payday loans for everyday expenses. "We had to go one of those "we refinance ...

Published:  Tue, 25 Jun 2019 01:34:00 GMT



I Need to Find Bad Credit Payday Loans

When you need a loan to bridge the financial gap between paychecks, a payday loan is an obvious choice. But, you say, I have bad credit. Are there really bad credit payday loans out there that I can ...

Published:  Sun, 23 Jun 2019 19:51:00 GMT



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