Recognizing the crucial importance of seeding financial literacy for future learning enrichment, new payday company Legit Payday Loans Online has decided to donate 10% of all earnings to financial education charities.
San Diego, CA -- (SBWIRE) -- 01/24/2013 -- Recognizing the need of many Americans of accessing targeted education and more effective resources to aid them to gain a better understanding of the crucial aspects impacting their finances, Legit Payday Loans Online has decided to donate 10% of all earnings to financial education charities. The decision is part of the online payday loan company’s ongoing commitment to support financial education on a larger scale and give back to the community.
Studies have shown that people with lower degrees of financial literacy have the tendency to borrow more, invest less, accumulate less wealth and spend a lot more in fees and costs associated with financial products.
On a long-term basis, these people are less likely to establish and maintain financial stability and more prone to experience a lot of difficulties making correct financial decisions. Conversely, people with financial literacy skills are expected to plan for retirement and accumulate more than the other category is able to earn during their lifetime.
A spokesperson for the company explained their decision to donate a fraction of their profit to financial education charities: “We are dedicating 10% of all profit to improving financial literacy on a larger scale. The cost of financial literacy is way too high, leading a lot of people to acquire charges and taxes that could have otherwise be avoided, in situations like paying only the minimum amount or not making credit card payments on time. In order to ensure that America remains the strongest and most competitive economy in the world, we must make a commitment to bring our own contribution to raising the financial literacy level among Americans, showing them the importance of managing their financial life properly.”
Legit Payday Loans Online allows customers struggling with financial hardship to access easy and convenient payday loans online.
To learn more about their comprehensive financial services, please visit http://www.legitpaydayloansonline1.com/.
About Legit Payday Loans Online
Legit Payday Loans Online is an online payday loan company offering specialized assistance and comprehensive services to customers dealing with financial hardship. The registration process is fast and convenient, allowing individuals to access the funds they need in the shortest time possible.
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