Whether called payday loans or cash advances or short-term loans, opportunities to borrow small amounts of money against the one’s future income have become increasingly popular with borrowers, and increasingly controversial with financial regulators. With the recent flood of articles calling out the payday industry’s typically-higher interest rates, and making accusations of insufficient regulation, borrowers in need of emergency loans are often left with more questions than answers. —
Trust Cash Mobile (http://trustcashmobile.com/) looks to fill in some of these blanks in its new blog (http://trustcashmobile.com/category/our-blog/) by tackling such topics as when everyone should or should not consider a payday loan, will a payday loan help or hurt their current financial situation, how to complete a payday loan application, and how to get the best loan terms on their payday loan.
A spokesperson for Trust Cash Mobile explained, “We are very clear about the fact that short term loans are an expensive form of credit and shouldn’t be used as a long term solution. On our blog, we do also take the time to explain the advantages of this form of credit for those who need it. Moreover, we aim to educate borrowers, and help them make a more informed decision about their finances.”
Trust Cash Mobile is no stranger to trying to take the questions out of the payday loan application process. The company offers an automated service where borrowers fill out a single payday loan application which is then sent out to a network of payday lenders. Rather than the borrower applying to each lender individually to see who can offer the best rates, the borrower’s application is viewed by multiple lenders who then must compete for the borrower’s business.
About Trust Cash Mobile:
Trust Cash Mobile works with a network lenders who compete for their clients’ business to drive rates down as low as possible on behalf of borrowers. If visitors are at least 18 years of age, and have steady income and an open bank account, they can qualify for a cash advance.
Release ID: 30594