Faxless Payday Loans

Faxless Payday Loans

Lenders across the country are raving about their faxless payday loans:

• Our loans are faster!
• Our loans are easier!
• Our loans are the greatest gift in the universe! Sunday! Sunday! Sunday!

Its aggressive marketing ladies and gentlemen, they are screaming in our faces, telling us just how great faxless payday loans are when in reality their greatness is limited to the eye of the beholder - and their quick payday loans really aren't all they're cracked up to be.

Truth be told, faxless payday loans...BAD!

Lenders will often refer to your need for an emergency financial resource when they pitch their faxless payday loans. Why do you need a savings account when you have such a ready and affordable form of financial aid just waiting for you? Saving money is hard work! It takes time and planning! Live the good life and rock til dawn! Oh, if only our lenders were telling the truth:

• faxless payday loans are a fast form of financial aid, and in that speed is certain danger. You will have less time to consider your moves and choices, and you will have less opportunity to ask yourself if payday loans are truly what you need.
• faxless payday loans are also expensive, no matter what your lender tells you. Sure, you will only be charged $20 per $100 you borrow, but thats good for two weeks. Roll over your loan just a single time and you'll be charged an additional $20, bringing your total fee to $40. Thats a 40% rate for a single month, already greater than any other loan can legally charge for a single year.
• and no matter what they say, no faxing payday loans are not a valid substitution for your personal savings.

Instead of online payday loans taking thee place of your financial preparedness, savings should be your substitution for faxless payday loans. With savings you will have that cash resource and your access is completely free of charge. In the meantime you will also make money off of that resource, something payday advances will never do in a hundred billion space years.

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