Payday Loans Up to $1,500

Digital News Report 
March 14, 2010
Brown, Tina

The recession has hit many Americans hard; and in their search for quick cash, many have turned to payday loans. In fact, "payday loan" is one of the top-ranking search terms on the Internet today, according to a recent report in "This is Money." While most payday lenders offer short-term loans of $1,000 or less, one company is advertising loans up to $1,500. Others emphasize that the money is available within one business day. However, experts say consumers need to do their homework before obtaining payday loans, given that interest rates and fees may be excessive. They recommend that consumers seek interest rate quotes from several lenders, inquire about fees, and contact the Better Business Bureau for a lender's customer service rating.
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