A lot of people shy away from quick money loans because they think the loan application process is very complicated, or because they think their credit history precludes them from qualifying for a loan.
(PRWEB) June 02, 2012
PaydayMoney.com announces the addition to its website of a new educational article entitled "Get Money When You Need It With Money Loans With Bad Credit," which will help educate consumers on the many benefits of short-term money loans. The new content will also help prospective borrowers understand the many benefits of a payday loan, such as extreme convenience (the money is deposited directly into the borrower’s bank account), fast approval and quick processing time, minimum eligibility requirements, and strict online privacy.
“At PaydayMoney.com, our primary concern is the keep the customer informed,” says company spokesperson Beth Anderson. “A lot of people shy away from quick money loans because they think the loan application process is very complicated, or because they think their credit history precludes them from qualifying for a loan. Nothing could be further from the truth, so getting potential loan borrowers accurate, comprehensive information about the service that we provide to people in dire financial need is absolutely essential.”
The new PaydayMoney.com article highlights the ease and quickness of the application process for money loans and spells out loan terms in language easily understood by those not already familiar with the loans and how they work. The piece also makes it clear that the application can be completed securely online by entering just a small amount of information, including name and address, a Social Security number to prove citizenship or permanent residency, a recent pay stub, and a working phone number.
The material also discusses the topic of credit as it relates to payday loans. For customers worried about the impact of their credit rating, the article explains that PaydayMoney.com does not base lending decisions on an individual’s credit score, making it possible for people with bad credit or no credit at all to get access to fast cash advances.
PaydayMoney.com intends for its new educational content to set borrowers’ minds at ease when they are dealing with an emergency financial situation. With the economy in crisis, more and more people are looking for ways to get through financial difficulties without increasing their long-term debt or negatively affecting their credit score. Payday loans are typically repaid on the borrower’s next payday, so they don’t stretch out over years. Also, the loans can be as small as $100, allowing borrowers to request only the amount of money they need, instead of unnecessarily large sums that might be difficult to pay back.