Released on = February 24, 2006, 1:59 am

Press Release Author = Lee Traupel

Industry = Financial

Press Release Summary = At Lowest Loan Rates, you will find payday loans, bad credit
loans and debt consolidation loans at very low interest rates. With a database of
1500 lenders, insurance agents and credit counselors you can be sure to find a
lender who can offer you the best interest rates. Thousands of people around the US
use our payday loan services to offset short term financial pressures.

Press Release Body = Understanding Both Sides of the Coin

USA- -Feb 20, 2006 - - Payday loans make for a debatable topic. While some strongly
advocate their necessity, some others vouch that they are unnecessary and only make
loan-lending companies richer by making the average employee fall into a vicious
debt cycle. Both viewpoints are right, but the angle you see entirely depends on
which side of the fence you stand!
Payday loans are short-term, high interest loans, which are a financial respite for
those finding it difficult to sustain their monthly financial burden. Payday loans
vary in their interest rates, ranging from $15-$20 per hundred dollars. Higher
interest rates are levied because these loans generally are considered high risk
from credit point of view. To be approved of these loans, no collateral is
required; all you need is a regular salary paycheck to show the loan provider.

Despite high interest rates, why do people utilize payday loans? Credit cards offer
cash loan too, but credit card advance has a cumulating high interest credit.
Moreover, credit limit available may be a problem here. Acquiring a personal bank
loan is a lengthy and cumbersome process, as banks do a thorough study of your
credit history before offering you an unsecured loan. Payday cash loan, on the other
hand, are fast and convenient. They do not require you to have any qualification nor
does the lending company perform a credit check. Even if your credit report and
credit scores are bad, you can still procure a payday loan. The process is also
simple. All you need to do is fill up a short form online, and receive cash loan
within a few hours.

At Lowest Loan Rates, you will find payday loans, bad credit loans and debt
consolidation loans at very low interest rates. With a database of 1500 lenders,
insurance agents and credit counselors you can be sure to find a lender who can
offer you the best interest rates. Thousands of people around the US use our
payday loan services to offset short term financial pressures.


Web Site = http://www.lowestloanrates.com

Contact Details = Address: 11400 West Olympic Blvd,15th Floor,
Los Angeles, CA 90064, US
phone no.: 1.310445956
fax: 1.31091432
E-mail: lee@webpopularity.org

EMail: lee@webpopularity.org