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Payday Loans Are Still Going Strong Despite Regulations

 

Madrid, Spain -- (SBWIRE) -- 12/01/2015 -- PDlenders.com is a reputable online platform that allows its users to compare and scrutinize payday loans and personal loans all in one place. The website has been created to serve as a bridge between payday loan borrowers and lenders by providing all the necessary information for borrowers on one website according to different locations and states. Being in the Payday Loan industry for several years has allowed the website to observe the changes as they have occurred, the recent rules and regulations pertaining Payday Loans may been set to benefit and protect both lenders and borrows but they have also cause certain setbacks, however, PDlenders.com informs that current trends show that payday loans are still going strong despite regulations.

The website spokesperson explained: "PDlenders.com allows you to compare by listing payday loans and personal loans. Our goal is to guide the visitor to the best possible loan with the best possible interest rate. Many borrowers are being denied credit cards and personal loans with longer repayment term; payday loan is then there last option. According to our research almost anyone with an income of $1000 per month or more can secure a payday loan."

Payday loans provide a little help when there is need for cash when home budget is a bit overstrained and there is a need for a few hundred dollars to get back on track. Payday loans also referred to as cash advance are short term unsecured loans to help people in their time of need; these loans are easily accessible products that can be taken at any time. According the PDlenders.com most payday loans last two weeks or less, since lenders are expected to repay the loan when they receive their next paycheck but unlike other personal loans, payday loan amounts are small, about $500 or less. Most lenders offer several payment options to suit the preferences of the borrower, either by giving cash or a check, providing a prepaid debit card, or doing a direct deposit straight into borrower's checking account.

To be eligible for a payday loan people need to meet few criteria:

Applicant must be of at least of 18 years of age
They must have a valid bank account
They should have permanent Internet access
They must earn a certain amount of regular income per month
They should have been employed for at least for previous six months

Payday loan request are usually quickly processed and applicants are promptly told about the interest rates at which the lenders are willing to provide the money. If both parties agree the money is also transferred within a few hours' time.

About PDlenders.com
PDlenders.com purpose is to guide the visitor to the best possible loan with the best possible interest rate. PDlenders.com compares and lists payday loans and personal loans.

For more information, please visit: www.pdlenders.com

Webbium
webmaster@pdlenders.com
Madrid, Spain
https://www.pdlenders.com