Here are some recent reactions to customer experiences with payday loans and cash advances at CashNetUSA.com:

“Thank you once again. Your company has been the best that I have ever worked with. This is my first time dealing with an online payday loan lender and I am very pleased with the service. I will refer your company to others when there is a need because I strongly feel that you are the best. I have tried other cash advance lenders and your company is the only one that I was made to feel that my need truly matterd. Thank you so much. I will look forward to doing business with you in the future.”
-Angela L. from Louisiana

“Thank you so very much. This is going to help my family tremendously. We had unexpected problems come up at the last minute and your payday loan service is a lifesaver!”
-Holly H.

“CashNetUSA was there when I needed them. No hassles, and once it was paid off, I utilized them again when I was in desperate need for extra cash because of some unexpected car repairs.”
-Lorna G.

We’ve all seen them before: supposed consumer interest groups that are quick to offer harsh, often untrue criticism of payday loan and cash advance lenders.

One of the most often used, yet utterly deceptive, gimmicks these cash advance watchdogs use is to warn consumers of the ’sky-high’ APR’s of payday loans. What they neglect to mention is that unlike credit cards, mortgages or car loans, cash advances are designed to be short-term solutions to cash flow problems. Viewing payday loan fees as an annual APR offers a distorted picture of what are comparatively small fees in regard to the amount of the loan and the repayment period, which is usually two to four weeks.

In reality, cash advances, used as a short-term solution, have much lower APR’s than other less-than-responsible ways of dealing with money needs.

In comparison, when expressed as APRs for two-week terms:

* $100 pawn loan with 20% service fee= 240% APR;
* $100 payday advance with $15 fee= 391% APR;
* $100 bounced check with $48 NSF/merchant fees = 1,251% APR;
* $100 credit card balance with $26 late fee = 678% APR;
* $100 utility bill with $50 late/reconnect fees = 1,304% APR.

As always, it is important to see the whole picture. Payday loan borrowing coupled with a reasonable and timely repayment plan is a responsible way to deal with everyday cash flow dilemmas. Luckily most payday loan customers can look past misleading advertising and are able to make smart, responsible financial decisions for themselves.

Payday loan and cash advance lenders have been supplying customers with quick & hassle-free short-term loans for years. A brief history into the payday loan industry can shed more light on the future of the market.

The brick & mortar arm of the payday loan industry first took root about 15 years ago and has grown steadily ever since. In 1993 less than 200 payday loan storefronts were scattered across major urban areas. Today over 22,000 locations serve both urban and rural areas and draw clients from a broad range of demographics. Growth rate in the industry remains steady at about 20% annually.

The online segment of the industry revolutionized the market about three years ago and has shown faster growth than its brick & mortar counterpart. The ease of use, speed of funding and benefit of privacy have been shown to appeal to payday customers and allowed web-based firms to take a foothold in the cash advance market.

The future is promising for the industry. Online payday lenders are continuing to grow and are working more & more with state legislatures to offer a product that is both easy & safe for their customers. With greater financial services being offered and more technological components being introduced, the future of the payday loan market is looking bright for both customers and lenders.

It’s a part of everyday life: bills and unforeseen expenses seem to show up at your doorstep when payday is still weeks away. Many people are finding solace from their cash flow woes through fast & easy payday loans and cash advances. But when should you rely on these quick cash solutions and what should you use the advance for? We???ll share with you the top 5 most common uses:

1. Transportation - Almost everyone needs a functioning and reliable automobile to deal with the hustle and bustle of daily life. But what happens when an unforeseen complication arises when you need your car most? Payday loans can get you cash fast so that you can get your car fixed and back on the road with the least amount of hassle.

2. Medical Bills - When someone is sick or receives an unfortunate injury, the last thing you want to worry about is money problems. Cash advances can help offset medical bills so that you can focus on keeping the people you love healthy and happy.

3. Household Expenses - Bills add up. Between gas, electric, mortgages or rent - and many more - keeping up with monthly expenses can be a real challenge. Rely on payday loans to help you deal with bills that arrive at less-than-ideal times.

4. Past Debts - Credit cards and past loans can rack up fast and with sky-high interest rates, it’s hard to pay your way out of the cycle. Using cash advances can help defray the costs of past debts and get you closer to being in the clear.

5. Repairs - Home is where the heart is, but unfortunately it can also be where the headache is. Upkeep on homes and condos can get the best of anyone - try using payday loans to beautify and renew the house you love so much.

When bills and expenses start to get the best of you, rely on the best answer to cash flow solutions. Always use payday loans and cash advances in a responsible manner and you can get out of even the stickiest jam easily.

Over the past 15 years, the payday loan and cash advance industry has grown by leaps and bounds, mainly in response to the high demand for these easy & quick answers to cash flow problems.

In 1993, only 300 payday loan storefronts could be found across the U.S. Today there are over 22,000 - and that is only counting brick & mortar stores. The increase of these fast cash outlets can be seen across all demographic boundaries, both in rural and urban areas, serving all types of Americans.

The incredible growth is primarily in response to the demand for quick money loans without all the hassle of credit checks and lengthy loan approvals. Payday loan lenders service the under-banked community - these are people from all walks of life that need a quick cash solution to everyday unforeseen expenses. The choice of a short-term cash advance is a responsible alternative to missing credit card payments, bouncing checks, or borrowing from less-than-reputable creditors.

With the advent of the online branch of the industry, payday loans have become even more accessible - and many times easier - for customers to rely upon. Companies like CashNetUSA are leading the way not only in simplifying the online loan process, but also offering new and innovative services to help promote a healthy financial future for all payday loan customers.