The website will provide a wealth of information on the typical structure of a payday loan, how and where a borrower can check payday loan rates, how to choose a trustworthy lender, how to manage the credit, and so on.
London, UK (PRWEB) February 11, 2012
February 2012 sees the launch of a new portal focused specifically on short-term financing of the type commonly known as "payday loans." The website payday-loan-rates.com has been established to provide a one-stop-shop for everybody needing a cash advance in a hurry with a minimum of fuss and documentation. The people at payday-loan-rates.com have the mission of giving prospective borrowers all the information and guidance needed when it comes to taking out a payday loan.
The website will provide a wealth of information on the typical structure of a payday loan, how and where a borrower can check payday loan rates, how to choose a trustworthy lender, how to manage the credit, especially avoidance of ongoing dependency on such financial assistance, and so on. payday-loan-rates.com will also run features on a selection of micro-finance companies operating in the payday loans sector. And the website content will constantly be expanded and updated, with the aim being to provide all participants in the payday loans world with need-to-know information and guidance.
There’s always been a need for short-term finance. It might be and typically is the occurrence of a sudden, unexpected expense half-way through the month – perhaps a car repair or urgent medical treatment. Whatever the reason, careful budgetary planning suddenly flies out the window! Perhaps someone’s maxed out on their credit card or bank overdraft right then. Or perhaps they don’t have a credit card or an overdraft – lots of people don’t, and for a wide range of reasons. One of those reasons is past financial difficulty – missed loan installments or outright default. Especially in this present economic climate, many people who in better times would never have gotten into financial problems now find themselves without the ability to raise credit – even micro-credit – from banks. For such people, access to payday loans can be a critical lifeline in dealing with short-term financial pressures. payday-loan-rates.com understands such people and is here to help.
Whatever the situation, an option is a payday loan. The client approaches a short-term credit company, signs a simple agreement, receives the advance and pays it back next payday. But there’s more to it than that and that’s where payday-loan-rates.com comes in. Rates for payday loans can differ widely, even within particular cities. At payday-loan-rates.com, visitors will be able to access a range of tools and information to satisfy themselves that the lender they’re considering is competitive. Also, other terms of the loan agreement can be a lot different from one to another lender, e.g., how the loan is to be repaid, whether there’s any grace period, the consequences of not paying on due date, and so on. payday-loan-rates.com will guide visitors through the whole process of choosing the credit provider which is best for them.
Note to media: payday-loan-rates.com is an initiative of Green Spiral Media and is being established to provide a one-stop-shop for all aspects of micro-loans, short term loans and ‘payday loans.’
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