Overland Park, KS (PRWEB) July 17, 2012
TopConsumerReviews.com has released their ratings for the best Payday Loans available today.
Payday loans can provide quick relief to individuals in need of short-term cash. Designed to be an advance on future paychecks, they often don’t require a check against an individual’s current credit rating – so they never show up when checks are made against credit history. Most applications for payday loans can be made entirely online, without need of faxing personal documents. And the loans can be deposited directly into an individual’s bank account, sometimes in as little as an hour.
When looking for a payday loan, consumers need to be mindful of a variety of factors. Loan amounts, for example, can vary anywhere from $300 all the way up to $1,500. Service fees, charged by payday loan lenders, are based on the amount of money borrowed and can range from $10 to $30 or more for every $100 loaned. The reliability of the payday loan lender and convenience of the application process should also be taken into consideration. Some online companies work with large databases of payday lenders, so they can match a borrower up with the best payday loan that meets their needs.
“For people looking to resolve short-term cash emergencies while avoiding high bank charges and overdraft fees, payday loans can be a speedy alternative,” explained Brian Dolezal, of TopConsumerReviews.com, LLC. “Since they provide a cash advance on future earnings, they often don’t require a credit check. And many online payday lenders have streamlined their processes so borrowers usually don’t even have to fax or send in documents with their application – they can complete it entirely online and get a result back in minutes. While payday loans aren’t a good answer for long-term cash needs, they provide individuals with a convenient option to address short-term cash emergencies.”
TopConsumerReviews.com is a leading provider of independent reviews and rankings of hundreds of consumer products and services. From top-rated debt relief programs and trusted home security systems, to home mortgage refinancing and wholesale dropshipping opportunities, TopConsumerReviews.com delivers in-depth product evaluations in order to make your purchasing decision easier.