Payday Loan News

I found another site to get a low cost payday loan:

http://www.payday-loan-superstore.com

Payday Loan

Tough economy makes it harder to get the money you need for the day to day expenses. Do not get me wrong, if you can, do not borrow money. When you buy a house a car or when you open a business, you must borrow money. When your job does not pay you enough and you get to a point where you need to borrow $300, there are not too many solutions out there for you.

You might want to visit http://www.payday-loan-superstore.com and check it out. They can find you a place that will lend you quick money with no credit impact.

Welcome

Welcome to my Blog.

I would like to start with several topics that I have dealt with in the last several years.

The first thing is leads generation over the internet. I have co-founded a payday loan leads generation with couple of my good friends and I have learned how the industry works. It is fascinating and  you should read about it in my next post.

The other industry was in the online watches business that sells Citizen and Seiko watches.

I was amazed to learn the tricks around this industry and how you can get a good famous watch from a reputable business without getting screwed. 

Payday Loan

Payday Loan is a short term loan that comes from a lending institute that does not require guarantees. This is correct. You can get money based on your word and with bad credit score or without any credit history.

These lenders will lend you money even when your own family and friends will refuse.

Their business model is based on the fact that 40% of the people will fail to pay back and they will have to use collection agencies in order to get paid back. The cost of a payday loan is relate to how far is your paycheck date from the date you take the loan. For example, a typical payday loan fee will be $20-$30 for each $100 you take. If you take a $300 loan and your pay date is two weeks from now, you will pay between $60-$90 in fees.

This might sound a lot but when you consider the other alternatives to getting money when you need it, maybe it is a good deal after all. If your pay date is a month from now, you still pay $60-$90. It is not interest like many banks would like you to think.

When a bank decides to "honor" a check even if you do not have enough funds in your account, they automatically charge you $50 every 3 days. Happened to me personally. I had a Skype account that was connected to my Paypal account. The Paypal was connected to an old empty bank account. When I made a call with Skype to a regular phone, it charged my Paypal that charged my bank account that caused me getting a letter in the mail that I owe the bank $50. 

When I got to the bank it was already $70. Lucky enough I had all of my other accounts in the bank and the bank was "nice" to me and removed the charges. 

Payday loan is not and was never planned to be a long term solution. This type of loan is when you need money in your account TODAY and you cannot wait. 

Some states like Georgia decided that they need to limit the payday loan fees to maximum of 36% per year in order to make life better for the people of Georgia. The next day, 6000 people lost their jobs in the payday loan industry and now nobody will lend money to people from Georgia. A research that was done two years after the law went into place found that the pour people of Georgia are is worse shape that they were when they had payday loan. If the electric company come to disconnect your electricity, and you do not have money to pay them, it will cost you more to reconnect the electricity and pay the penalties and fees than if you would take a payday loan and pay the loan fees.

Actually, the payday loan industry reduce fees to good paying customers and make it affordable and a valid source of fast cash.