BEST PAYDAY LOAN

RESOURCE GUIDE FOR PAYDAY LOANS AND CASH ADVANCES

What’s happening to Payday Loans?
    If you are having trouble finding a low-cost payday loan or cash advance (sometimes called a paycheck advance) we can tell you why. Payday lenders are closing their shops because of constantly changing regulations at the state level and anticipated rules from the new consumer agency at the Federal level.
    You didn’t cause the economic crisis, but you are about to pay for it- again! Access to cash is an absolutely essential ingredient for economic prosperity for all.
Did you get yours yet?
    The payday loan industry did not cause the economic crisis nor did the payday loan companies give out deceptive sub-prime mortgage loans. Banks and mortgage companies did that and the regulators let them. But do banks bear the brunt of the regulation? No way!
    It is the working men and women of America, who are unable to get a loan in their state that will suffer the most. In fact, the new legislation gave millions of dollars of your tax money to banks to make small loans to consumers.
    Did you get yours yet? No! What a surprise. Even when the government agrees to back the loans, banks won’t give credit to those whose credit reports are not squeaky clean. Banks do not want your business.
Payday Lenders and Paycheck Advance lenders Are ready to loan you cash today
    Each day another state makes it impossible for working people to pay their rent, get medicine for their children or avoid those excessive bank fees for overdrafts. The states that do allow it make impossible rules.
HOW MANY DECIMAL POINTS SHOULD THE APR HAVE? TWO, FOUR OR SIX
    Believe it or not, different states have different rules about how to calculate and display the APR (Annual Percentage Rate which is what you would pay if you kept the loan out for a full year). All other aspects of the loan, the contract, the speech you are given and the number of times you can extend the loan and even the number of loans you can get each year are controlled by your state. That is, if your state allows them at all.
WHEN DID YOU AGREE THAT YOUR STATE COULD RULE YOUR FINANCIAL LIFE?
    An emergency cash lender has to satisfy the rules in each state. Is it any wonder that loans are expensive? How many staff members do you think a small company needs just to read and interpret new regulations? For example, the Colorado regulations are so difficult even the lawyers can’t figure out what they say. As a result payday loan stores close and the tax-paying employees are out of work. A man can’t get his car fixed to get to work, a woman recognizes that she will never be able to afford the house she wants because she is in a bank fee cycle that rips a third of her income from her each month. This is real and it’s happening to you and your neighbors.
    These state and Federal regulators do not have a clue about what is important to you. When was the last time you even looked at an APR? What you look at is the cost and as you read further you will see there are many ways to tell a good payday loan or cash advance deal from a bad one. There are a lot of resources to help you. Take the time to find the loan that is right for you and support your lenders or they will all disappear.
    Take a minute to read a report from The National Review by Thomas Sowell that shows how "interfering busybodies" use statistics like APR to hype their own agenda.
Get your questions answered!
    Below is a list of sites that have some good information about money management. Right now, you are probably ready to just go get cash somewhere. OK, do that, but then come back and take a few minutes and make sure you are getting the best deal out there. We really wish that we could give you a loan, but since we can’t at least let us lead you to the best choices for a loan.
Ask These Questions
    Does this payday loan site give me the name, address and phone number of the corporation?
    If no, pass on by.
    If a phone number is provided does a live person answer it or quickly return your call?
    If no pass on by.
    Do they have a complete fee schedule online?
    If no pass on by.
    If you pay off the loan early do they reduce your fees?
    If no pass on by, although some states give the lender no choice in what they charge.
    If you are asked to pay a membership fee just pass on by.
    Watch out for "free" loans. They may be free until your next pay period only, so you need to know the cost if you can’t repay in full on your next payday. Visit the sites of several lenders and assure yourself that you have selected a low-cost loan and have the latest information on how to pay it off so that it costs as little as possible. Do it right, whether it’s a loan, avoiding a scam or getting your bank to refund some bucks because they stepped over the line again.
    Ask about all the special programs your lender has available and ask for any helpful hints they can give you to reduce your overall cost. Many lenders appreciate loyalty and reward it.
Now are you ready to learn more?
    How to avoid the latest mortgage and financial scams;
    How safe your savings really are when they are in bank;
    Ways to easily cut back on your spending. (Hey, it’s not all their fault.)
    Econ4u Provides some great answers on the best way to protect your cash, and your credit.
    The Social Security Administration has online information to answer some of your pre-retirement questions. Learn what you need to know before you retire. You’d be surprised at all the online options you have on this site. If you are thinking about retiring now or 20 years from now this is a must see site.
    A Shopper's Guide to Bank Products and Services This site tells you how to figure out what the best mortgage term and rate is for your situation, and gives invaluable financial advice and resources for those caught in a mortgage short fall.
    Identity Theft: What to do to protect yourself. From the Bush to the Obama administration track what’s being done and what you should do if identity theft visits your house.
    New York University's list of internet financial resources. Check out the online newspapers and magazines devoted to managing your money. Even if you just want to know what the stock market is doing today they have it all in one place.
    The Smart Student Guide to Financial Aid: This is one of many sites that will serve up useful information for those trying to stay in school or return to school. When times are tough, we all need to reevaluate our plans. Now may be the perfect time to finish that degree.
    Careers and Colleges: If you are still figuring out what to do with your life, this is the site for you. Financial aid is getting easier and choosing a career is the hard part, but this site gives the info you need. If you were just laid off this may be the perfect time.
    Do not be fooled by aggressive collection agents that say they are from American Legal Processing or any other company. These scam artisits are contacting people, who may have had a previous payday loan or signed up with a company that provides leads to cash advance companies. In most cases, the person contacted has no loan out, but “Tom Hall” or “John Green” with heavy East Indian accents harass them by phone at work and even threaten to contact family members about the “debt.”
    Go to this web site to learn more.
    Stay safe and borrow only what you need.