Showing posts from January 13, 2008

Online Payday loans are fast becoming popular

Payday loans are becoming popular these days for various reasons. This has become an important financial service nowadays, for those who needs quick and urgent funds to meet immediate expenses mostly those that are unplanned for which otherwise they would have had to source their needs through other humiliating modes like distress selling or borrowing from a friends and so on. Those sad days are gone for good. You can now at the click of a mouse avail a quick loan generally credited to your account overnight with reasonably less paperworks and allied hassles. The minimum criteria that the lenders look for in a typical loan application is whether the borrower is employed continually for the last three months , if his monthly salary is more than US$1000 and if he has a checking account. Payday loans are supposed to be returned with the fees by your next payday but some lenders also allow a rollover facility by which you can extend the repayment date to next payday but with an additio…