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.