Payday Relief Loans

Online Payday Loans

While advocates of payday loans say they grant loan access to people with poor or no credit, critics say these short term" loans unfairly target minority populations and trap people into lengthy debt cycles. We understand that you cannot always be prepared for what's ahead. Whether you're funding a spontaneous trip, managing an unexpected cost or simply looking to pay your bills, we provide a convenient and easy payday loan service.

The face amount of a check taken for deferred presentment transactions not repayable in installments may not exceed $500, exclusive of the fees allowed under this part. For a deferred presentment installment transaction, neither the face amount of a check nor the outstanding transaction balance may exceed $1,000, exclusive of the fees allowed under this part.

Credit Unions and Small Loan Companies - Credit unions are a very good place to start looking for a small loan. Joining one has been made considerably easier and members serve as owners so they can be more lenient about qualification standards for loans. Some local lenders might be willing to loan small amounts at competitive rates, especially to businesses. Credit-card cash advances are another option. Though the interest rates are in the double digits, they are often considerably less than those available from payday lenders.

Income tax refund anticipation loans are not technically payday loans (because they are repayable upon receipt of the borrower's income tax refund, not at his next payday), but they have similar credit and cost characteristics. A car title loan is secured by the borrower's car, but are available only to borrowers who hold clear title (i.e., no other loans) to a vehicle. The maximum amount of the loan is some fraction of the resale value of the car. A similar credit facility seen in the UK is a logbook loan secured against a car's logbook , which the lender retains. 93 These loans may be available on slightly better terms than an unsecured payday loan, since they are less risky to the lender. If the borrower defaults, then the lender can attempt to recover costs by repossessing and reselling the car.