Friday, September 17, 2010

AnyDay Payday

With the current financial crises it is no wonder that a business that offers Pay day loans will become fashionable and be a success. AnyDay Payday is exactly what it says it is, it is there to give short term loans to those struggling with debts and underemployment, it is a service that is needed otherwise their doors would have closed and gone the way of business types that are no longer needed like typewriter manufacturers.

The beauty of AnyDay Payday is that one can apply for their loans in online, one does not have to go to a brick and mortar office, this is another relief given the everyday hassles of commuting to and from work, people would rather be able to do other activities like banking online and if approved one gets their loan the very next day with no extra charge for Quick Cash.

With the current economic condition what if one has a real emergency, a sickness of a close relative, the banks will not give that money today when one needs to get to where they are going today, can such a service be discredited, one has to think of such things with a clear and open mind accepting reality for what it is, people need money in a convenient manner in this modern era, and institutions such as AnyDay Payday are there to assist people.

What may seem as high interest rates one would figure is just the cost of administrating such small loans, keeping in mind that paper work for $100 is the same as paper work for $1 million. There is no exploitation as such because a prerequisite is that one is employed, unemployed people go to loan sharks, obviously AnyDay Payday knows an unemployed person will never be able to pay back any sort of loan.

Given the current economic condition many people have poor credit scores, not of their own doing, somebody who suddenly becomes underemployed or unemployed can not maintain a good credit score especially if they have already borrowed money, banks do not understand such a condition, banks deal with a perfect world and near perfect people, that has not been the case in the last decade as most people have seen real incomes fall. Institutions such as AnyDay Pay day at the least offer a reprieve, as they offer bad credit loans.

That such institutions as AnyDay Payday exist is helpful, one does not need to sell family treasures just to solve a cash flow problem that will last for only three days.

Think about it, where would people be without such institutions.

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Bhekuzulu Khumalo

I write about knowledge economics, information, liberty, and freedom