>> Wednesday, October 24, 2012
In our small pioneering company we started a cooperative where members would save an amount per payday in which the total will be given at the end of the year. It’s like savings in the bank where our saved money would increment also because we have opened the money for lending to members with a minimal interest fee computed monthly. The income will also be divided by members so it’s a good encouragement to be a member. You’ll be able to save and at the same time you can borrow money whenever there’s an urgent need.
We never know when we will need emergency cash especially if it occurs between salary pay periods. So most people turn to lending companies and apply for payday loans to borrow the money they need for immediate necessities like house repair, car repair, natural disasters and some other cash requirements. Some other kinds of loans takes up longer time to apply and process so payday loans is the best solution for their needs.
Applying for other loans requires personal appearance and will require several documents so if your need is so urgent payday loans will be best for you. The only requirement is employment records and payroll then you can immediately apply online and have the money deposited directly to your account in 15 minutes. Just remember that payment would be in two weeks’ time and it incurs higher interest.