Personal Cash Advance Promotes Holiday Lending Options

Dec. 30, 2011 - PRLog -- PersonalCashAdvance.com, a leading site that refers interested potential borrowers to respected cash advance proprietors, has published a new blog offering helpful tips to consumers who take out payday loans to cover holiday expenses. Historically, the holiday season is one of the busiest for the site, and its lenders commonly report higher-than-usual default rates in the months following the season. To minimize this aftershock effect, the site has put together a list of guidelines to help its visitors borrow responsibly.

“Our site and our lenders are very much committed to keeping cash advances a help and not a hindrance to our visitors’ finances. Holiday payday loans can do a lot of good in terms of helping consumers make ends meet when money is tight, but we don’t want to see our visitors over-relying on cash advances only to have to face the very expensive consequences in January or February. This latest post will instruct potential borrowers on what to do to ensure their borrowing experience is positive one,” said Neil Cutting, spokesman for Personal Cash Advance.

The blog, featured on the site’s home page, offers tips like telling borrowers to take out only what they absolutely need, pay the loan back as quickly as possible, and in the event they cannot pay on the original due date, letting the lender know as soon as possible so other arrangements can be made.

“The biggest reason why the payday loan industry sometimes gets a bad rap is because the loans are misused by uninformed consumers. They take out too much, extend the loan too many times, and end up in dire financial straits. We want our visitors to have as much information about the process as possible so they don’t find themselves in this predicament, and that is the motivation behind our latest blog,” said Melissa Waters, PR rep for PersonalCashAdvance.

For more information, please visit: http://www.personalcashadvance.com or call 800-920-7430.