The myth about getting a payday loan, cash advances, and payday lenders online

Jan. 13, 2011 - PRLog -- The myth about getting a payday loan, cash advances, and payday lenders online

Contrary to the myth, the vast majority of people who apply for a payday loan are ordinary, hard working people who are just faced with an unexpected emergency.  Interestingly, most payday loan and cash advance lenders are not unscrupulous business people, out to exploit the underprivileged or less fortunate, but legitimate business owners who provide a valuable and much needed service to their customers.

As an example, consider the overdraft or over limit penalties and fees that most banks and credit card companies charge, should you exceed your bank account by as little as one dollar, or pay your credit card bill as little as one day late.  Now compare that amount with the fees that Spotya charges for a payday loan.  Want to learn more?  Simply click on http://www.spotya.com

Did you know that in the State of California, the maximum amount you can borrow for a payday loan is $255.00 and the maximum fee a cash advance lender can charge for that loan is $17.65 per $100 borrowed?  While that might seem a lot, it pales in comparison to the $35 or more that most banks and credit card companies charge as penalties.  Not to mention the damage to your credit that running late or “bouncing” checks causes.  And once you establish yourself with Spotya, we’re always here should another unexpected emergency arise.

Payday lenders provide a valuable service for their customers, who despite popular belief are not, unworthy, under privileged or unemployed.  Additionally, most payday lenders do not require any collateral at all.  In most cases all they require, is that you are gainfully employed, have a bank account, and a willingness to pay.

So don’t be embarrassed about applying for a payday loan from a cash advance lender.  Take comfort in knowing that when dealing with Spotya, you’ll be dealing with a reputable company, who honors strict confidentiality, charges less than other payday lenders and meets or exceeds the requirements of your state.  Want to learn more?  Click here.  http://www.spotya.com