Thursday, March 31, 2011

Pros and Cons of Payday Loans

When considering an online payday loan, you need to weigh the pros and the cons. Payday Loans can be costly and can possibly trap you in a borrowing cycle due to high interest rates (typically about 400% APR or about $20-$25 per $100 borrowed) and short loan pay-off periods. However, this said, when you’re in a pinch they offer quick cash with no need to fax any documentation. It is up to the individual to decide if the cost of the loan is worth the convenience of having cash when it’s needed. Online Cash Advance Payday Loans can be extremely beneficial in emergency situations where your next paycheck will cover the full cost of the loan, including fees. A quick cash advance may be needed to cover unexpected medical expenses or car repairs. In addition, most lenders do not require a full credit check so it’s much easier to obtain a cash advance loan if you have bad credit. Most simply require an open bank account and a job; if you can write a check or provide an account number, you’ll qualify. Some level of employment is needed to ensure repayment. You need to consider your options and determine if an online payday loan is the best course for your financial needs; it is not something that should be entered into on impulse.

Why Would You Get a Cash Advance Payday Loan?

Cash Advance Payday Loans are popular for a number of reasons. To those who are in the position of needing one, the advantages outweigh the disadvantages. And there are disadvantages, but we’ll look at those later. First, put yourself in the shoes of the person who needs some quick cash. Perhaps you’ve just been put in the unenviable position of unexpectedly needing some cash and being “caught short”. You might have had an unexpected medical bill or car repair bill, or you might have to travel unexpectedly, like in the case of a death in the family. Others who need quick cash use a payday loan to pay their everyday expenses, like rent, groceries, utilities, etc. Whatever the reason, you need cash and you just don’t have it. Is a payday loan your last resort? Do you have other alternatives you could explore first? Well, what are the benefits of payday loans? Let’s take a look:
  • You won’t have to go through the hassle of a credit check with a payday loan.
  • You can apply at an online payday loan site.
  • The process takes less than 20 minutes for most payday loans.
  • The money is deposited automatically into your bank account by next business morning.
  • Payday loans are affordable – you don’t have any up-front costs.
  • Payday loans are discreet – nobody else is involved.
  • Payday loans are secure – your financial information isn’t shared with others.
Ok, that makes sense. Those are enough reasons to get rid of the stress of being short of cash. It’s a “quick fix”. You can cover the shortage, and get on with your life. And you’ll be able to pay it back next payday, right? So you’ve solved your problem.

Visit us at where we can help.

Sunday, March 27, 2011

Zippy Payday Cash launches off-site Blog

Lewes, DE (March 2011) — Zippy Payday Cash, a new entry in the payday loan lender market, launched an off-site corporate blog to educate consumers about payday loans, how Zippy Payday Cash differs from its competitors, financial tips and current legislation.

"I am really excited we can offer this additional information to our consumers. Here at Zippy Payday Cash, we want to educate our consumers as much as possible about using payday loans and financial tips; and this blog will be one of several avenues we introduce for us to do this," said Teri White, Director of Public Relations for Green Leaf Loan Group, the owner and operator of Zippy Payday Cash.

The Zippy Payday Cash blog will be updated on a regular basis, and readers can contribute by commenting. Mrs. White said, "This is another arena we can use to hear from our customers, so I urge everyone to take a look and let us know what they think."

About Zippy Payday Cash
Zippy Payday Cash is committed to providing services that preserve both the financial security and the dignity of its customers. Zippy Payday Cash operates online in almost all 50 states and can do this because they don't provide the direct lending but instead connects consumers with prequalified lenders that do operate in the consumer’s state. We make the lenders in our network compete for the customer. As the initial lender services site of Green Leaf Loan Group, Zippy Payday Cash provides cash advance payday loans and eventually will offer other financial products to consumers in a responsible manner. In fact, Zippy Payday Cash is working on creating up to date Best Practices for lenders in the payday loan market, as a means to promote responsible lending.