woman-frustratedThere’s a lot of information – both true and false – swirling around in regard to payday loans. With so many people choosing to use payday loans lending companies, when they are in need of fast cash, it’s easy to understand why so many people and media outlets are talking about these particular types of loans.

As is usually the case, however, there are some people who seem to misunderstand these loans. If you look at some of the online articles and new stories about these loans, you might get all sorts of misinformation. We decided it was high time that someone cut through all of the rumors, half-truths and misleading stories out there, so you can have the whole truth at your disposal. If you’ve wondered whether or not to use popular lenders, like Payday Yes or other top payday lenders, simply read on to find out all about the ins and outs of payday loans for yourself.

Payday Loans Interest Rates: Fact or Fiction?

Some people persist in saying that all payday loans come with sky-high interest rates to pay. This is simply not true. You see, payday lenders do charge fees, but the majority of lenders do not charge revolving interest rates, like the traditional banks and credit card companies do. The reason that so many reporters talk about high interest rates when reporting on payday loans is due to a simple misunderstanding of how these loans work.

When someone decides to file for an extension on their loan, they are subject to paying loan extension fees. These fees, when combined with the flat rate loan fees that you pay, can add up to a bit of money for people who routinely don’t pay their loans on time. Many times, these fees add up to what would be extraordinarily high interest rates. However, these fees are not based on the current finance rates, so they cannot be classified as such.

To prevent paying higher fees than you have to, all you have to do is make sure that you pay your payday loans back on the originally agreed upon date. If you get in the habit of extending your loans, you will be subject to the higher extension rates that can kick in. Make it a point to pay your loans on time and you won’t have to worry about these kinds of additional fees.

Payday Loans Online – What are Payday Loan Fees?

Now that we’ve discussed interest rates and extension fees, let’s talk about the standard loan fees associated with payday loans. Payday lenders do charge loan fees in exchange for offering you cash loans when you need them. These fees vary by lender and the amount of money being borrowed. Prior to taking out any loans, your lender will notify you of the fees you’ll be expected to pay. Make note of these fee costs, so you can pay your loan back in full on the agreed-upon loan repayment date.

Remember, too, that your loan fees are only due when you pay your loan back. You should never have to pay any payday loans fees prior to getting your loan. If a lender is trying to charge you up-front loan or approval fees, you should find another lender to do business with. To make a long story short, yes you will have to pay a one-time fee to get payday loans. But those fees are never due before you loan repayment, and are information about the loan fees are always made available to you prior to you agreeing to the terms of your loan.

Payday Loans Reviews

If you look around online, you’ll notice lots of websites that specialize in nothing but payday loans reviews. Remember that these websites are competing for your business, and will more often than not publish only favorable reviews. Take any loan reviews that you read with a grain of salt, as those other sites may not be giving you the big picture when it comes to the lenders they promote.

We make it our business to put you in touch with only the best lenders in the industry. Instead of forcing you to decide between lenders by reading endless payday loans reviews, we simply match up your loan request with the most qualified lenders who are ready to offer you the best rates and terms for your payday loans. This means that you don’t have to spend too much time or effort reading reviews, since you know you’ll always be matched up with the best lenders in the industry by simply using our secure, online loan application form.

Payday Advance – Apply for Loans 24/7


If you work late or just have a very busy schedule, you probably know how difficult it can be to apply for loans after hours or on the weekends. Thankfully, you don’t have to schedule a particular time to fill out our online loan application form. This form is up and ready for input around the clock. Regardless of the time of day or day of the week, you can fill out a loan application form and get it submitted to the best network of payday lenders 24 hours a day, 7 days a week.

Borrowing Money for Your Personal Financial Needs

Many banks will ask you what you are borrowing money for during the loan application and approval process. This is not something you’ll have to deal with when you apply here for your payday loans. We realize, as does our network of lenders, that people need money for all sorts of reasons. You’ll never be asked why you are borrowing money when you apply for your payday loans here. We value your privacy too much to ever invade it by asking why you are borrowing money.

So whether you have a bill that is past due, or simply want some cash in your pocket until payday arrives, you can always apply for a discrete cash loan without having to justify your personal reasons for borrowing money. Use your payday loans for whatever you want to. You deserve the freedom to spend your loan money as you see fit!

Less Hassles with Payday Loans Online

Now that we’ve discussed all the ins and outs of payday loans, you’re probably eager to get started with the loan application and approval process. You know that you don’t have to worry about credit checks, complicated application forms or long loan approval s when you take out payday loans online. And since we provide you with nearly instant access to the top network of preferred payday advance lenders, you have the most convenient access to getting your loan approved and paid out in no time right here. So if you’re ready to get that emergency money you’ve been in need of, then getting started really is as simple and hassle-free as taking a few minutes to fill out our simple and secure online loan application form.

For fast money when you need it most, there’s just no better way to get the cash you need than by taking out payday loans online! And with most customers getting their loan money in about 24 hours, you can certainly understand why so many people call payday loans the fastest way to get money.

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