Instant cash loan till payday – get cash when you need it most, without leaving your home in Oregon!

Do you need an instant cash loan till payday in Oregon? If you do, don’t feel embarrassed or awkward. Many people the world over are finding themselves in this very situation everyday.

It is an open secret that the credit system as it stands today is meant to maximize profit for lenders, bureaus and other interest parties. The more “sub-prime” people there are, the more profits these institutions make, directly or indirectly, through higher interest rates.

This is the reason it has been made extremely difficult to get back in good credit status once you have a blemish or two on your credit file. Not only is borrowing money made expensive, but it is virtually impossible in most cases when you have bad credit.

Instant loans till payday, also known as payday loans, payday advances and paycheck advances have been under fire from various quarters. Ironically this is mainly from the very quarters that have helped create the credit monster.

What is the person who has not have good credit to do when faced with an emergency or other unexpected that requires immediate cash input to do?

The “solutions” or “alternatives” suggested by payday loan critics are not only impractical but often outright insulting. For example, telling you that that you can borrow from friends or family is stating the obvious – you do know that you have friends and family you can borrow from but for one reason or other would rather not.

It is therefore natural that many people seek out loan till payday establishments when in need of fast cash. The fact that credit checks are not part of the process is extremely attractive, even to people with good credit but who do need cash fast when other options are overextended.

You see, every credit cheek negatively impacts on your credit score. So, if you need a little cash when credit cards and your other credit resources are exhausted (something not totally uncommon in this day and age) payday cash loans are okay to use.

It is also fallacious to say that only low income people take out these loans. Payday loan lenders will tell you that their customers traverse all social strata except perhaps the very wealthy (because they have more means to fall upon).

Apart from the no credit check attraction to payday advances, what draws people to these establishments is speed and convenience. You see, when you need cash to take care of an urgent situation, you need it now. Loan till payday lenders offer just that. You can apply for a loan today and get approved right away as long as you meet certain relatively easy criteria.…

Need money now? Consider a same day cash loan

Are you in a situation where you need cash in a hurry? Getting a same day cash loan that you can pay off on your next payday may be just what you need.

I know, a lot has been said about payday loans, very little of which is positive. But the biggest bone of contention is the finance charge or interest rates charged by payday loan lenders. In the absence of other viable alternatives, and considering that these loans are high-risk as there are no credit checks, these rates are not all that unjustified.

Now don’t get me wrong, it could be better. The interest rates can be lowered by a reasonable degree and still leave a nice profit for the lender. This would encourage even more people to obtain the loans, which would potentially make up for the “loss” from lower rates. But right now, we can only hope that this will happen sooner rather than later.…

Small Consumer Loans

Better options!

There are many small consumer-finance companies that offer small, short-term loans that can cost up to 60% ARP, but usually cost about 25-36% APR. These rates are much lower than those of payday lenders and you can also receive up to $1000 for a year and pay much less than a $200-300 loan from a payday lender over a year. This is a good option for those who need larger amounts of money or have expenses that will extend beyond the two week period of most payday loans. …

The True Cost of Payday Loans

Payday loans cost a lot more than $15 per $100 borrowed. Here is a list of how much a payday loan could cost you compared to the alternatives:

Most short term loans are taken out over 1-2 months but many payday loan customers end up getting trapped in a cycle of debt for much longer than that. But as you can see, even if they loan is repaid within one month, a consumer could have saved up to $145 by finding an alternative loan. Some alternatives to payday loans are listed below.

Alternatives to Payday Loans

Payment Plan with Creditors: Face the Problem Head On

Many creditors will work with you to create a new payment structure to include partial payments over a longer period of time. It is important to see what they may charge for this service, but it will most likely be less than the fees and interest charged by payday lenders. This is often the best option for those facing debt problems.

Loans from Family and Friends: Look to those who love you

This may be an embarrassing situation for you but true friends and family would rather help you themselves than see you become trapped in a cycle of debt by a payday lenders. Everyone goes through tough financial times and asking for help is OK.

Advances from Employers: Using money that is already yours

Many employers will work with employees if they need a paycheck advance for emergency expenses. The advantage of this method is that there are no fees or interest since this is not a true loan, only an advance.

Small Business Owners – Download a Sample Memo about Payday Advances to Employees
Sample Text for a Policy on Payday Advances

Consumer Credit Counseling: When you need some advice about debt problems

The Federal Trade Commission suggests that people look into working with consumer credit counseling services to create a debt repayment plan that fits your budget. These services are usually available at little to no cost through non-profit groups, employers, credit unions or banks, and housing authorities.…