The many misconceptions about a payday loan

Jan. 14, 2011 - PRLog -- The many misconceptions about Payday Loans

From time to time all of us face emergencies, and when they occur between paydays, what do you do?  For many, the answer is a payday loan, because they’re quick, easy to arrange and despite many misconceptions, are reasonable.

While payday loans are not designed as a long time solution to financial debt, they can provide a financial bridge when those unexpected emergencies arise.  And, when you compare the fees associated with most payday loans, to the interest costs at pawn shops, bank overdraft charges or late penalties for credit cards or utility bills, a payday loan can be a smart alternative.

All payday lenders are regulated by State laws, which establish the maximum fees a payday lender can charge, as well as the way in which cash advance lenders must operate.   Many people think that payday loan or cash advance lenders exploit people.  On the contrary, payday lenders provide a valuable service to many families by offering a quick, easy to qualify for and fast funding alternative,  Most importantly, most payday lenders don’t perform a credit check, so your past credit history isn’t a problem.

At Spotya, we’re not concerned about your credit worthiness.  We know that during this turbulent economy, many families face difficult times, and it always seems that it’s during times of financial distress, that most of those unexpected emergencies arise.  An unexpected medical bill or car repair can cause great distress, especially when they occur between pay periods. Many times, that’s when a payday loan makes sense.

Should you find yourself in that situation, don’t panic, a payday loan just might be a solution. At Spotya, you'll find us fast, friendly and fair.  Want to learn more?  Click here.  http://www.spotya.com