Personal Cash Advance Releases Section Outlining Payday Loan Benefits

Aug. 3, 2011 - PRLog -- PersonalCashAdvance.com recently introduced a new article that aims to counter the sensationalized claims and media depictions of short-term lending. The article cites reasonable interest rates, no credit checks, privacy and convenience as several reasons to consider a payday loan or cash advance as a short-term financial solution.

“We felt the need to write our own rebuttal to the myths and claims often aimed at the payday loan industry,” PersonalCashAdvance.com company spokesperson Neil Cutting said. “The majority of our users are college educated and many own their own homes. You can never rely on stereotypes or media hype to tell the real story, as the numbers do.”

The article also addresses regulation and how many payday loan companies support a balanced and reasonable approach when overseeing lending practices. Predatory lending is unlawful and the vast majority of online short-term lenders are reputable and trustworthy, the article explains.

“Online lenders are heavily regulated and we have included industry leading security features on our site to ensure a safe online experience,” Cutting said. “The federal Truth in Lending Act was put in place to allow consumers to see exactly how much they will be paying in interest on the loan. The information is presented up front and in a clear manner.”

Personal Cash Advance provides a free service that pairs consumers with reputable lenders. To learn more about the myths and truths about payday loans, visit http://www.personalcashadvance.com or call 800-920-7430.

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Personal Cash Advance is a leading short-term lending resource that pairs consumers with reputable lenders. Choose from a wide variety of loan options such as cash advances, payday loans, bad credit loans, and more!

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