Palouse, WA -- (SBWIRE) -- 10/09/2012 -- As the economic crisis continues to loom large across the US and the financial woes of businesses, families and individuals show no sign of abating, many are finding it increasingly difficult to make their salary last the month.
Bestratedpaydayloans.com is a web portal where those with money worries can get advice and guidance on accessing temporary funds, as well as find companies that might be able to help them identify top payday loans that suit their circumstances and budget.
It’s estimated that approximately 12 million Americans use payday loans each year, with around 75 million loans arranged, and many people use a payday loan service every month to make sure they can meet their outgoings.
Bestratedpaydayloans.com believes that payday loans are a great way of making a payslip stretch that little bit further, but it’s crucial that applicants understand the implications of accessing extra funds in this way.
A spokesperson for the company said: “Payday loans provide quick financial relief when it’s needed the most. Payday loans are short-term loans that need to be paid on the next payday. Hence, it is important that borrowers are aware of when to use and when not to use payday loans.”
Temporary arrangements such as these are most appropriate for those who may find themselves in an emergency or have an unexpected bill to pay and do not have enough cash in the bank. Situations that may require a fast cash injection and a payday loan include dental bills, car repairs, overlooked bills or to re-establish a poor credit rating.
However, the company does warn that because online transactions are quick and often require little collateral and minimal documentation, scams are not unheard of; therefore it’s important that applicants make sure they use lenders who are licensed and belong to the appropriate industry bodies. What’s more best payday loans from accredited companies often have much higher approval rates than banks.
Licensed lenders such as the ones included by Bestratedpaydayloans.com also offer discretion and ensure that personal and financial information is treated with confidentiality and respect. Bona fide online lenders will not require documentation to be faxed or posted, meaning that the number of people involved in the transaction is kept to the absolute minimum. This prevents any information leakage or compromised financial information.
In addition to great loan deals that can be accessed quickly – even with poor credit – many lenders also offer discounts of up to 25% of the loan arrangement fee for new borrowers and between 15% - 30% to loyal customers.
Bestratedpaydayloans.com (http://www.bestratedpaydayloans.com/) offers individuals the chance to access extra funds if they find their wage just won’t stretch until the end of the month. The website contains sound financial advice, as well as links to some of the country’s most trusted lenders to ensure users find the best payday loan to suit their needs.
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