Dispels Misconceptions about the Average Payday Loan Consumer

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The average person applying for a cash loan is quite far from what most people imagine, asserts, an information portal about short-term cash solutions. With so many articles indicating that payday loans are for the elderly and poor, the profile of the typical payday loan consumer is not what the majority of people expect.

A new article by, a website for short-term cash solutions, operated by Green Spiral Media, dispels some of the most common misconceptions that people tend to have about cash loan borrowers. While a lot of people seem to think that the consumers applying for payday loans are poor, old or uneducated, the reality is that the average borrower is a middle-class hard-working individual who occasionally faces financial difficulties.

The commentary describes in detail the profile of the typical payday loan borrower: the average person applying for a cash loan is stable, has lived in the same place for at least three years and has managed to keep the same job for minimum six years. In addition, average borrowers are in their mid- to late-thirties and often own a home.

With this profile being quite far from the general conceptions, points out in its article that a lot of people who are neither poor, nor old or uneducated often face financial difficulties and sometimes even struggle to pay their bills. This is mostly on account of the global recession, which has affected the majority of consumers in one way or another. explains that when people are in the midst of a recession, they often resort to different forms of credit or overuse their credit cards. This in turn has a negative impact on their credit reputation and as a result, they often have no other choice but to apply for a payday loan since fast cash loans are available to people with bad credit history as well, as long as those people have a paying job. In consequence, the average payday loan consumer might have a bad credit score, despite being a middle-class stable employee.

The article then goes on to dispel some of the myths related to payday loans in general, with those myths being among the reasons why people have the wrong idea about the average cash loan consumer. In any case, advises consumers not to trust myths and misconceptions while keeping in mind that cash loans should be viewed only as a temporary budget solution.

To read the full article, or to get more information about short-term cash solutions, go to

About Green Spiral Media
Green Spiral Media is a company supporting a few leading information websites for payday loans. The websites in question work with a selection of payday loan providers so as to offer convenient cash loans to those in need. In addition, Green Spiral Media works to keep its customers on track with the most recent developments and trends in the field of short-term cash solutions.

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George Smith
Green Spiral Media
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