Common Pay Day Loan Myths

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COMMON PAY DAY LOAN MYTHS 1:01 PM

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Follow Us on Twitter Many are under the false impression that pay day loans have ridiculous interest rates and exorbitant fees that are designed to drown

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the borrow.

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Many do have some problematic fees and stipulations, but the three companies below are not only reputable, but they offer some of the

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most reasonable terms in the loan industry. They usually offer an interest amount that equals $12-$20 per hundred borrowed, and that is it.

These short and quick loans are designed to help you when you need cash and you have no other alternative. Pay day loan laws are really there to protect you. With as much disinformation that is out there, it can be difficult at times to discern who is telling the truth, and who is not. Even our lawmakers are being

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However, when it comes to pay day loans, the laws have been specifically created out of concern that

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scam artists and predatory lenders would potentially collapse the economic system if there were no

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regulatory laws, for human greed and need knows no bounds.

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Prior to pay day loan laws being created, there were insidious lenders out there who were charging nearly 1000% interest! If you really need the money and no one else will lend it to you, you just might think about it, right?

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Since the laws have been created, there are still some bad lenders out there trying to take advantage, so that is why you should go with a reputable lender, and one that is licensed in the state you are taking the loan from.

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For the most reputable lenders, we have found three out of the thousands, and you can find them here-

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PayDay One is the only lender that is state licensed and offers a Great Rate Guarantee. Click here to learn more!

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