The United States is rightfully considered to be the trendsetter in the market of loans to paydays. More than 10% of the population regularly uses fast money loans and creates demand for more than $ 7 billion. According to statistics collected by the Federal Reserve Bank of St. Louis, there aremore than 20,000 companies providing online lending services in America (for comparison, there are about 14,000 branches of the McDonalds chain in the United States). With the active growth of the Internet segment, the number of online services is actively growing, which allows you to get money by interacting with a credit service site or an online application.
The key idea and advantage of the fast payday loans is the ability to quickly meet the urgent need for financial resources. The advantage of financial fast food in comparison with banking products is the ability to simplify the processing of a loan application and quick decision making.
The weighty advantages of online credit services include the fact that with the proper degree of financial discipline and timely return of the loan, loans can help you save on various promotions and discounts, allowing you to get the missing amount of money. Specialists conducted a survey among the borrowers of such services and shared with us the following savings cases for their clients:
- Acquisition of various courses and trainings in the period of maximum discounts. As a rule, these actions occur quite unpredictably, they happen in a limited period of time and the right amount of money may not be enough. Customers of the service take up the missing amount of money for several days and receive significant savings (even taking into account interest on the loan).
- Acquisition of season tickets to fitness clubs and gyms. If you do not have friends in the marketing departments of the gym you are interested in, it is very difficult to predict when they have an action for the maximum possible discount, with the help of online loans it is easy enough to borrow the necessary amount of money for a week or more and to pay when you get the salary. In this case, the borrower wins at the expense of considerable savings due to promotional conditions.
- Acquisition of clothing, shoes, electronics and other goods during the sales. In the period of spot sales, users of services that provide online loans have the maximum financial mobility. A loan in such online services as a $400 payday loan can be issued in just a few hours (with a preliminary registration of the borrower) and often it will be cheaper than buying goods at full cost.