Sydney, Australia (PRWEB UK) 12 May 2012
PAYDAY-LOANS-AUSTRALIA.ORG, a web portal operated by Green Spiral Media announced the release of their newest article on payday loans. The article takes a look on the ever going dispute on the credibility of payday loan providers and whether it’s ethical to promote such services. It claims that there is no difference between payday loan advertising and that of any other product on the market and that payday loans get much more blame than they actually deserve.
The article points out some good arguments to back this position. The authors express their doubts of cash loan ads being as malicious as critics portray them to be. According to the article the negative view of payday loans and their advertising campaigns is unjustified and in fact payday loan services pay for the bad consumerist practices in general. People are just tired of ads bombarding them from every corner, on TV, Internet and other media. But payday loan services didn’t invent the wheel, the article reminds, and in fact these practices have been around for ages.
It doesn’t help that cash loan providers suggest that consumers should take out loans and spend money they don’t have. This is the main reason for the negative image of these services in some circles. But the article points out that same is the case with credit cards and credit card companies aren’t met with outrage by the public. Ads promoting products of the biggest credit card companies can be seen everywhere, ranging from sport events to charities. Yet, nobody sees them as harbingers of an upcoming Armageddon. And maybe they should.
The article claims that some studies suggest that credit card debt may be worse than payday loans and cites The Sydney Morning Herald, according to which “the average credit card holder will be in debt until 2056.”
The key difference between payday loans and credit cards is that the former are designed as short-term services and their “sky-high” interest rates that so many people are scared of are just one of the mechanisms that encourage people to use the loans properly. Payday loan providers don’t claim that their services are long-term solution to financial troubles. They are just service providers who have to promote their services to maintain profitable. Just as any other company on the market, the article concludes.
For more details, visit http://www.payday-loans-australia.org.
About Green Spiral Media
Green Spiral Media is an information agency supporting several payday loan portals. These portals feature some of the most convenient payday loan providers. The company is also committed to providing to its customers quality up-to-date information about the latest news and developments around payday loans.