Understanding payday loans

I had an employee recently ask me for an advance. At first, I refused. Then the employee started talking about asking for a payday loan from a third party. He clearly didn't know anything about how to get such a loan without getting ripped off (this can be done, but it requires knowledge). I finally relented and gave him a payday loan myself--at the prime rate.

There is no substitute for knowledge when it comes time to take a loan. If you need to take a loan of any kind--mnortgage, payday, or otherwise--please do your research first. After a little Google searching, for example, I pointed my employee to PayDayCashAdvanceLoans.biz. this site explains the payday loan process and provides editorials, finance calculators, and a directory of lenders. This information allows for a thoughtful and informed decision regarding a faxless cash advance.

Link: faxless cash advance