We wanted to give consumers an easy, handy guide to payday loans so they truly understand how they work
(PRWEB) August 03, 2012
InstantOnlinePaydayLoans.com is pleased to introduce a new informational article called “Get Money When You Need It With Payday Advance Lenders” to its website. The article explains how the company can help consumers find the right payday lender based on their needs and how much money they are planning on borrowing. InstantOnlinePaydayLoans.com is providing the material to would-be borrowers so they will be able to make a more informed decision when it comes time to take out a loan.
"We wanted to give consumers an easy, handy guide to payday loans so they truly understand how they work,” says InstantOnlinePaydayLoans.com spokesperson Nicole Wells. “We’re hoping the introduction of this article will shine some light on the process of applying and obtaining a payday loan, the many benefits of such a loan, and who’s a good candidate for one.”
One of the most common questions consumers have about payday loans is “How much do they cost?” InstantOnlinePaydayLoans.com offers some of the most competitive rates in the market thanks to its large network of affiliated lenders. The site processes customers’ loan applications, preapproves individuals who can meet the few simple eligibility requirements, and then connects these people with the right lenders, who make the specific loan offers. Because would-be borrowers can compare different offers at their own leisure, there is never the risk of hidden or unexpected fees with instant online payday loans.
As interest rates for payday loans vary according to lender and the state in which the loan borrower resides, consumers whose applications have been approved need to go through the lending process to find out what kind of rates they can get. There is never any obligation on the part of a prospective borrower to accept a loan offer, so completing the application form and looking at the offers provided is a completely risk-free way to learn more about short-term lending options.
Availability of payday loans is not dependent on a potential borrower’s credit history. Those with poor credit history, who normally would not qualify for traditional bank loans, can easily qualify for a payday loan as long as they are currently employed and earning a steady monthly paycheck. Additionally, because loan rates are not affected by an individual’s credit rating, someone with bad or even no credit can get the same rates as a person with perfect credit.
InstantOnlinePaydayLoans.com prides itself on being able to find the best lender for any customer’s situation, regardless of the amount requested and what the money will be used for. Because of the company’s quick application response time and the complete confidentiality of the lending process, consumers can get fast access to needed money without having to compromise their privacy one bit.