Payday Loans

An article on Yahoo! news caught my eyes while surfing the net this morning. It read: "If you and yours are bringing in $40K a year, you're earning more than half the households in America." No wonder a lot of people are living paycheck-to-paycheck and that the "payday loan" industry is thriving.

Payday loan is a small amount, short term loan that doesn't require a credit check. It appeals to people whose credit rating or income don't meet the criteria of a bank loan. The interest rate might be higher than your regular conventional loan but it's quicker and less complicated. With the help of the internet, No Fax Payday Loans are increasing in numbers. Borrowers can compare rates and services from different lenders. The money can be electronically deposited and repaid from a checking account on mutually agreed upon dates.