Myth: Payday loan lenders take advantage of the less-fortunate, young and minorities.

Truth: Payday loan critics have been successful in recent years at getting the American public to swallow this gross lie that cash advance lenders target the lower class. When in truth, most payday loan borrowers come from the heart of America’s middle class. They represent the stereotypical, hard-working adult, who simply may not have a financial safety net when unexpected expenditures arise.

The facts speak for themselves.*

-The majority of cash advance customers earn between $25,000 and $50,000 annually.
-94% have a high school diploma or better. 54% have some college education or degree.
-ALL payday loan borrowers have steady incomes and active checking accounts – which are required to take out a loan in the first place.
-42% own their own home.
-The majority are married and have children in their homes.

As always, you have to be suspicious of what you read. In truth, payday loans are a helpful, and often necessary tool, to help hard-working Americans deal with day-to-day issues.

*Source: The Credit Research Center, McDonough School of Business, Georgetown University, Gregory Elliehausen and Edward C. Lawrence. Payday Advance Credit in America: An Analysis of Customer Demand. April 2001.
*Source: www.cfsa.net

What is a Payday Loan?

It happens to all of us: you’re short on cash or an unexpected expense arises and payday is a couple of days or even weeks away. What’s the solution? Payday loans. They are a quick & simple solution to get the money you need without long, tedious applications – approval is usually instant and you’ll get your cash advance next day. Most loans are between $100 and $1,500 and are a smart short-term solution for your cash needs.

Unlike other types of loans, payday loans can be awarded no matter your credit status. They are fast, easy and temporary – making them a great fit for those with poor credit or who need money quickly.

CashNetUSA is revolutionizing the payday loan industry by making it faster & easier for you to get your funds. Our secure site allows you to apply online from the privacy of your own home and get approved instantly. We will deposit your funds directly into your checking account, next day. Upon maturity your loan principal and fee will be automatically removed from your account.

When should I use a Payday Loan?

Our customers choose to use our loans for a variety of uses, however some of the most common are:

Unexpected Auto or Transportation Expenses
Staying on top of Household Bills
Medical Expenses
Paying off other creditors
Recreational Expenses or Purchases

Why Choose Payday Loans?

Besides the ease of use and speed of payment, payday loans may be a better choice for your temporary money needs than other options. The short-term fees attached to our cash advances are often less expensive than credit late-fees, bounced check penalties, or overloading high-rate credit cards.

Our payday loans are automatically funded and repaid – you should only take out what you can afford to pay back. We are safe, secure and private – you receive the money you need without the embarrassment of asking family members, friends or other creditors.

With constant emails, letters and advertisements vying for your attention and business, sometimes choosing a cash advance or other short-term loan option can be overwhelming. Luckily there is an organization that is on your side, helping to leverage the vast amount of advertising and information about payday loans.

The Community Financial Services Association of America is the only national organization dedicated solely to promoting responsible regulation of the payday advance industry and helping consumers find the right loan option. Through their online advice and tools, they help promote responsible lending and borrowing practices within the industry.

As a CFSA-certified lender, CashNetUSA is also helping customers find the right choice for short-term loan solutions with fast, secure and state-licensed payday loans.

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.

Cash advances and payday loans are an easy and quick way to cover unforeseen expenses and get you much-needed cash fast. But how do you know for sure when it is the right time to use a payday loan?

The rule of thumb is to use payday loans and cash advances only as a temporary solution. Payday lenders will almost always require you to pay the loan back, either in part or in full, upon your next payday, so only take out a cash advance amount that you can confidently pay back.

The reasons to take out a payday loan are many, but there’s one important rule to follow: only use the money for responsible and necessary reasons – and always be prepared to pay it back eventually. Unexpected car repairs, medical bills, and other unforeseen expenses are the leading problems that cash advances can help solve. When you need cash fast for a variety of issue, payday lenders can usually get you money faster and easier than bank loans or wiring services.

Payday loans also come in handy when you want to avoid costly credit card or NSF fees. Rather than bouncing a check or going past due on your credit card bill, payday loans can get you the fast cash you need to tide you over until payday.

As always, the most important thing is to use all forms of lending responsibly. If you borrow only what you need and use it in a responsible way, payday loans can be a lifesaver when you need quick money.