Green Payday Produces New Educational Article

Los Angeles, CA -- (SBWIRE) -- 11/02/2012 -- Green Payday announces the launch of a brand-new educational article offering help to those interested in applying for a fast cash loan but confused about the process. The article, which can be found on the company’s website and is entitled “Get Started,” explains in detail who can apply for assistance and what information is required when filling out the application form. The material is intended to dispel some myths surrounding cash loans, so consumers can better understand how easy and convenient it is to get one of these loans from the comfort of their own home or office.

“In today’s fast-paced world, consumers don’t have the time or energy to drive around endlessly, from one cash loan store to the next, looking for the best offer available,” says Green Payday spokesperson Ted Wilder. “The process of finding an optimal online cash loan is much easier and more convenient, because you can actually compare several loan offers right on your computer screen. No need to waste time and spend money on gas going around in circles and hoping to save a few pennies. Add to that the fact that our virtual offices are always open and accepting applications and you’ll understand why online loans make so much sense.”

When applying for payday loan help through Green Payday, consumers don’t need to gather any paperwork, except for a pay stub and proof of age and legal status. This lack of additional required paperwork helps speed up the loan process and make it possible for almost anybody to qualify for assistance. Although there are no credit score requirements for applicants, Green Payday does require that a prospective borrower earn at least $1,000 per month after taxes, be at least 18 years old, and be a U.S. citizen or permanent resident.

Cash loans are offered against the borrower’s next paycheck. This means the loans are short-term only and must be repaid on the borrower’s next payday, usually 15 or 30 days later. This is why it’s considered to be so important that consumers do not borrow more money than they really need. Loans can be obtained for as little as $100, making it possible to borrow just enough money to cover a bill or get by until the next paycheck comes around.

Renewing a loan before the repayment due date is possible, but late fees and additional charges will apply, which can make the loan end up being more expensive. To avoid these additional costs, consumers are always advised to only borrow as much as they are sure they can pay back by their next payday.

Green Payday hopes its new article will help ease the mind of consumers thinking about getting a quick loan but worried that they might not qualify for one.