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.

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.

We all know how quickly debt can pile up. From car loans to high-rate credit cards to simple overspending – sometimes the sheer volume of debt can seem overwhelming. But, lucky there are easy ways in which to get your bills in order and actually make your debt work for you. From credit card relief to payday loan help, here are some virtually pain-free solutions to get you back on track:

1. Face your Finances – The initial step in improving your debt is to take stock in how much you owe. This isn’t always a pleasant experience, but as the old adage goes, you can’t control what you don’t know. Write down all your outstanding loans, credit card balances, and payday loans along with the interest rates that are attached to each one. Now that you know the damage, it’s time to begin to repair.

2. Understand Good & Bad Debt – It sounds like an oxymoron, but some debt can actually be good for you. Student loans, though hefty, provided you with a quality education and their relatively low interest rate can be easy to handle. Small credit card balances that can be completely paid off on a monthly basis are also good ways to build a positive credit score. Cash advances and payday loans will never hurt your credit – just make sure to pay them off in a timely manner.

Bad credit includes out-of-hand credit balances that continue to accrue high interest and similarly large car loans. Car loans can run at between 7 and 10%, depending on the length of the term, with credit card APRs averaging at 15%.

3. End the Cycle – The simplest way to start lowering your debt is to stop using those high-rate credit cards. You can’t build a better future by continuing to build debt at the same time. If you must rely on plastic, call your credit card company and ask for a lower rate – they’re usually willing oblige rather than lose you as a customer.

Better yet, stop using the cards all together. Payday loans are a great alternative to continuing to rack up credit balances. You can get small cash advances quickly between paydays and the money will be deposited and withdrawn directly from your account, so there’s little temptation to let the balance ride over for months. The fees attached to payday loans tend to be small in the short term and are always a better alternative than ruining your credit by missing credit card payments or bouncing checks.

4. Smarter Spending – The only way to improve your finances in the long-run is to balance your spending. Create a budget worksheet to organize finances and dedicate yourself to paying down debt. By simply skipping costly lunches or that weekday happy hour, you can save $60-80 a month. If unforeseen expenses arise, consider a short-term cash advance rather than returning to the credit card trap when you need fast cash.

Apply those thrifty savings to your outstanding credit card balance and you can pay it off in months rather than years – not to mention save hundreds of dollars in interest.

For better or worse, debt is a part of our modern economic environment. Learning how to manage the debt you have – and using smart practices to pay it off – can mean the difference between getting stuck and working your way free.