Sumner, MO -- (SBWIRE) -- 03/11/2016 -- Cash USA has eased up on its credit requirements for 2014, which can make things a lot easier for many borrowers.

There are individuals and families that end up spending huge amounts during Christmas and holiday season. While that's understandable, they are faced with huge bills and are short on cash at the beginning of the year. Their paycheck is just not enough to tide over the situation where they have to take care of credit card bills etc.

There have been studies, which reveal that majority of consumers take new loans to get over the spending during holiday season. It was seen that people even with income less than $35,000 added around $7000 extra in their debt totals. With the economy not showing any major improvement, inflation and bills, people seem to go for payday loans as the ideal resort.

Unfortunately with government regulations and short-term loan enterprises making their regulations stricter, getting these loans could be more difficult for users. Thankfully Cash Advance USA has relaxed some of its credit requirements to make things easier for borrowers. Mark Miller, founder of Cash Advance USA said in a statement, "About 75% of users who come to us for low interest short term loans are facing some kind of credit woes or another. This large number of users cannot be ignored, which is why we decided to ease the credit requirements for cash advance and payday loans."

While credit score for most people ranges between 300 and 850, the company has offered loan solutions for those who are at the lower end of the FICO spectrum. The company also had tips for users who already find themselves in difficult debt related situations. They urged users to establish a budget, cut back on the expenses, pay more than the minimum amount on their credit cards and also seek professional help if necessary.

Cash Advance USA also had installment payment plans and cash advances without credit checks for the benefit of users. It stated that borrowing doesn't solve a problem; users need to work on long term solutions. Bad credits mean people end up paying more on everything. When they get direct loans from lenders, they often don't compare interest rates with bank loans they weren't eligible for. In short term, it might help them save money but it isn't a smart, long term solution.

About Cash Unsecured Loans
It is an online information database for users who can know about different things regarding personal finance and make the best decisions based on their specific situations.

Media Contact:
URL: http://cashunsecuredloans.com/cash-advance-usa-relaxes-credit-requirements-for-2014/