Payday loans are in the news a lot lately. I just noticed this article from Joe Mitchell of http://24hourcashloans.co.uk who has some interesting points:
Acquiring easy payday loans is a more convenient way of borrowing money from a lender without thinking too much of the legal restrictions and the five C’s of credit known as capital, collateral, condition, capacity, and characteristic.
What is an easy payday loan?
It is also called ‘cash advance’ which is a small, temporary loan that concerns with the repayment of loans linked into the borrower’s payday. This means that the borrower must be presently employed and receiving a regular salary.
Below are the good points of having an easy payday loan: