(PRWEB) June 19, 2012
PaydayNetwork.com is pleased to announce the addition of a new educational article entitled “Fees” to its library. The article offers detailed information on the fees associated with a payday loan, including how interest rates are calculated, who sets those rates and what affects the final figures the consumer is offered during the application. This new article is just one of many offered free of charge to visitors wishing to understand payday loans better and looking to better their financial future.
“We designed PaydayNetwork.com with borrowers in mind,” says company spokesperson Gabriel Wallace. “Our goal has always been to have an educational, easy-to-navigate website that keeps our users informed. By expanding our collection of articles, we are hoping to help consumers better understand payday lending so they can have an ideal loan experience. As our library of educational articles expands, so will the resources available to consumers trying to improve their financial future.”
The new article also discusses the advantages of payday loans, including the fact that the whole process, from application to the delivery of the money into the borrower’s bank account, takes 24 hours or less. Consumers have an answer to their application within minutes of submitting it. Following loan approval, consumer needs only to sign the loan agreement and wait for the transfer.
The “Fees” article, as well as other articles on the website, is available to website visitors free of charge. There is no need to create an account or submit a loan application in order to have access to the articles. PaydayNetwork.com provides the information in an effort to help consumers take charge of their finances.
PaydayNetwork.com offers a number of resources to consumers who want to learn more about payday loans before actually taking one. Payday loans are meant to be used for emergency expenses, such as a hospital bill or an urgent car repair. Because they are easier and quicker to obtain than traditional loans, they are often used by people who need help getting through a financial emergency until their next paycheck clears. The loans range from $100 to $1,500 and are available to everybody, regardless of credit history and prior lending applications.
PaydayNetwork.com does not check the credit rate of applicants, but it does require proof of income during the application process. This proof can consist of something as simple as providing a work phone number or a paystub showing income of at least $1,000 after taxes.