(PRWEB) August 01, 2012
A recent report published by the Securities Exchange Commission on financial capabilities of consumers showed that over half of the population has difficulty paying monthly expenses. In addition to this, the report showed that most people do not have money set aside for unpredictable financial emergencies. The research also showed that about 20 percent of the population must borrow money during these times to make ends meet.
For such situations, FastPaydayLoans now offers safe payday loan options to help people get back on their feet. "These are legit cash advance loans," one representative stated. He went on to explain that his company believes in laying out the terms of payday loans before customers sign the papers.
"It is difficult for people to find legitimate cash advance lenders," another representative said. "People want to know they can trust their lenders." FastPaydayLoans offers legal payday loans to qualified applicants. "The best part about these fast and reliable payday loans is that almost anyone qualifies," explained one smiling representative. "This means people who have less-than-perfect credit can still get the financial help they deserve." Since payday lenders do not check credit history, an applicant's job or income status is equal to a good credit score during the approval process.
"Whether someone is searching the Web for an integrity cash advance or hassle free payday loans, they should know there are reliable options," a representative said. Lenders offering payday loans without credit checks often call their products guaranteed cash advance loans. Applicants must submit their contact information, address, employment or income information and banking information. The approval process is short, and it includes a call to the applicant's employer to verify employment.
"Customers are still getting trusted payday loans," a representative said. "Personal banking information is required for the lender to send the funds to the borrower as quickly as possible." In many instances, payday lenders are able to transfer the funds within 24 hours. Representatives also explained that these secure payday loans have short repayment terms. Shorter repayment terms are necessary to avoid higher interest costs.
When asked what customers typically use their legitimate payday loans for, a representative responded, "Well, consider a person who must pay rent but just paid for an emergency root canal. That person would be short on cash from the dental bill. Instead of paying for heightened late fees or risking eviction, the person could get a payday loan to cover rent charges. Repayment could happen as soon as the next paycheck arrives." The representative also stressed that these loans are not intended for paying off long-term debts.
Representatives at FastPaydayLoans agreed that the company's top priority is providing reputable payday loans to consumers in need. They welcome people with bad credit or those who do not have time to wait for a bank's lengthy approval process.