The Lowdown on Fast Unsecured Loans

Dec. 5, 2009 - PRLog -- This is a story about  how one family, after falling on incredibly hard times needed fast unsecured loans in order to help them get through one of the toughest periods they had ever faced financially as a family. But are payday loans a blessing or just another money trap?

After both the husband and wife lost their jobs on the same day and being unsuccessful in securing a decent loan offer from their bank, they needed fast unsecured loans in order to pay for their daughter's wedding.

After asking a few of their family members for cash assistance they applied to an online payday loan company who were on hand to provide them with the cash they so badly needed in less than one hour.

http://www.com-samedayloans.com care about their customers needs and will not over extend your loan so that it will be difficult for you to repay. This would be pointless for all concerned.

With christmas fast approaching there will be an estimeted 22,640,000 dollars worth of fast unsecured loans given out. This tells us that this form of borrowing will be here for a long time for the short term borrower.

The entire loan was repaid without a hitch and therefore without any penalties.

"The fact that it was an unsecured loan was very appealing" Mr Ortega said. "This meant that I did not need to give any collateral guarantees against the principal sum".

But what about the interest rate, surely it was through the roof?

"The interest rate was higher than the bank's base rate however we were prepared to pay a little more and the actual rate wasn't that bad"  

"The company were excellent to deal with, very sympathetic and reassuring. Everything was simplified for us and the loan offer was more that we expected given our present circumstances".

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Com-same day loans.com provide short term financial assistance to people with an unhealthy credit history and those who are simply down on their luck.