http://www.paydayloanbenefits.com/n86.html Online payday advances are lacking in one very important thing - truth. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Were online payday advances created by Harvard graduates as a post-doctoral thesis? Perhaps, or maybe the millions of people living paycheck to paycheck simply had enough of empty options, created the payday advance for themselves sand it was only a matter of time before the worm wriggled its way into cyber-space. So its there, and there is so little truth and honesty surrounding these online payday advances that one just has to wonder why so many people would apply for a loan so few understand. The mysterious popularity of online payday advances No matter how hard you look with most lenders offering online payday advances, information will be extremely hard to come by: Very few lenders post their rates in plain sight, and most just dance around the matter until you send in the form and tell you the rate sonly immediately before you apply. Even fewer lenders will tell you what you need to qualify for an online payday advance. Sure they give you some general qualifications - you need to be this old, make this much money and get paid through direct deposit - but the numbers are vague. And certainly they will fail to tell you exactly what to expect when it comes time to repay your payday advances - heaven forbid you actually be prepared! Truth be told there is very little truth surrounding online payday advances these days - not because we don't want the truth, but because lender's aren't legally obliged to give it to us. Dancing around the painful details The moment you take that leap of faith and start searching for online payday advances you'll see what we mean by the complete lack of pertinent information and honesty to be seen with these loans. You keep on looking for the fine print - but you can't even find that! The whole deal comes down to the fact that these payday loans aren't actually loans at all - they are services, provided to you for a series of fees that aren't technically rates. So its supply and demand, no holds barred and the fate of the paycheck masses is sealed - forever will wee see confusing online payday advances because there is no incentive or motivation for these lenders to provide the truth. Sat, 26 Jul 2008 15:00:00 EDT