Eleven Eleven Media

InternetPayday.com Answers Common Misconceptions About Payday Loans


Tempe, AZ -- (SBWIRE) -- 03/29/2012 -- In recent years, payday loan companies have exploded in popularity. For people who find themselves short on cash but tall on bills, these businesses can offer more than money: they also provide invaluable peace of mind.

As technology continues to grow and the internet is used even more often, many payday loan companies have taken their businesses online, and can now offer their clients internet payday loan options.

A website has been getting a lot of attention lately for its ability to help people get the payday loans they need, quickly, safely and all from the comfort of home.

InternetPayday.com features a simple application form right on its home page. Interested applicants can fill out basic information like name, email address and a desired loan amount to start the loan process going.

“If you need the quickest way to get a loan for sudden expenses, instant payday loans online will come through for you,” an article on the company’s website noted, adding that as long as borrowers meet certain requirements, online payday loans are easy to obtain.

“You do not need to borrow money from friends or family members. You also do not need to go to a bank for a loan or try to acquire one, along with high fees, through your credit card.”

InternetPayday.com also does an excellent job responding to many of the commonly-held misconceptions about internet paydays and paycheck loans. In some cases, these false rumors have stopped cash-strapped people from applying for the money they need and deserve.

For example, some consumers believe that in order to qualify for an internet payday loan, they must have outstanding credit. But this is simply not the case. Since applicants are essentially borrowing their own money, poor or no credit it not a concern for lenders.

In addition, some borrowers might be concerned that any interest rates and fees associated with the loan may be misleading. Again, this is not true.

“The Truth in Lending Act was passed to combat that exact problem. According to the law, every fee and rate associated with a loan must be completely disclosed by the loan lender in writing before anything needs to be signed,” an article on the site explained.

“All future fees are required to be revealed, so there is no way to mislead a borrower about the exact price he or she will have to pay.”

About InternetPayday.com
InternetPayday.com helps people who are low on cash get a fast payday loan over the internet. Consumers may apply right on the company’s website, using the safe and secure application on the home page. Most applicants typically get their money within 24 hours. For more information, please visit http://www.internetpayday.com/