http://www.aboutcashloans.com/payday-loans/ Payday loans are great financial resources, but only when used absolutely correctly. Used wrong - as is often the case - and payday loans become the infamous creatures they are. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Your need for immediate financial assistance is easily met with payday cash loans, and you should never disregard them as a sure resource for immediate cash or a payday advance. However, no matter how many warnings people have - and no matter how harmful they know their habits can be - people continue to use payday loans in the exact way that makes them absolutely horrible. The horror of payday loans lies in the numbers In a university study it was shown that upwards of 96% of all users know the consequences of delayed repayment of their payday loans. These consequences are limited to increased fees, but the increase is simply astronomical: most payday loans have a charge of about $15 per $100 advanced. Miss the repayment date, and an additional $15 per $100 roll-over fee is charged to your account. So already - after only a month - you are paying $30, or 30% interest, on your advance. So you pay that roll-over charge and knock your balance down to $50 - no good, you will still be charged the same roll-over fee as the first time - even though you have less of your balance left over. $30 per month over a year comes to $360, or the equivalent of a 360% APR for your short-term, small amount payday loans. And people know this, virtually everyone knows this about payday loans, yet their abuse is rampant: in a separate study it was concluded that 80% of all payday loans experience at least a one roll-over extension. it was also shown that of people using payday loans, they took out - on average - 11 payday advances a year. For emergency personal loan resources that everyone knows should be repaid very quickly before they get too expensive, it is obvious that the dangers of payday loans online are in part from the loans themselves, but also in the users. The many problems of the payday loan industry And really the whole payday cash loans industry is at fault - the lenders and the people using fast payday loans the wrong way. Lenders could help thee issue by maintaining credit checks and making the application process more secure, but that would require slowing down everything and increasing rejections, which is exactly what the consumers don't want. And the consumers could exercise more caution in their finances and make the sacrifices necessary to repay their payday loan and avoid needing them in the future, but they don't and the lenders don't want that either. So there is a lot of lying going on everywhere surrounding your options today - in consumer advocacy groups badmouthing payday advances, by payday lenders themselves, and even by the customers, who lie to themselves and convince their insides that they need payday advances when in fact they don't. You can get no fax payday loans, as well, if you really need them. Sat, 26 Jul 2008 15:00:00 EDT http://www.aboutcashloans.com/payday-loans/n38.html Fast payday loans for me, and fast payday loans for you! en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.aboutcashloans.com/payday-loans/n36.html Payday loans, online applications - the world is speeding beyond our control! At About Cash Loans we show you how to handlepayday loans online. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.aboutcashloans.com/payday-loans/n27.html No fax payday loans are out of this world! Read the testimonials by people getting no fax payday loans! en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0