SOURCE: JTV Cash Advance

June 07, 2009 18:25 ET

No Fax Payday Loans Made Easier by JTV Cash Advance

GAINSVILLE, FL--(Marketwire - June 7, 2009) - As home foreclosures skyrocket and homeowners are finding themselves in desperate situations, they are being forced to turn to payday loans to make house payments, purchase groceries, pay their electric bills, and more. While the no fax payday loan industry has been attacked for years due to high interest rates and what many politicians are calling predatory lending, when a family doesn't qualify for welfare or have family and friends to go to for help, where else can they turn?

"Families are hurting more and more these days," says George Archer, Public Relations Manager for JTVcashadvance.com. "And most of the time, it's not due to any fault of their own... If you have one vehicle and your job depends on having that vehicle, what do you do? Let it be repossessed and lose your job when there's an alternative? Most people already know the answer to that."

Many families in the United States are faced with similar situations, even going as far as to get cash advances to keep homes they have invested tens of thousands or hundreds of thousands of dollars in over the years. Banks are making it harder to be approved for loans, especially for those who are laid off from their jobs, but payday loan companies are making it easier for those who are hurting to qualify.

Those critical of the industry state that interest rates are too high, but those who give the loans state that they deal with higher levels of risk because their qualification requirements are lower than those for bank loans. This, they say, enables those responsible people who have fallen on rough times to qualify for a loan they otherwise would not.

"A payday loan company never knows whether they will get their money back," says George. "They take a bigger risk than banks do when they lend money because they're dealing with people who already have bad credit. But, they also don't know if lending money will stop a child from going hungry until the parents can get back on their feet financially. It's a balancing act, really."

JTV Cash Advance offers the best solution to the confusion of online payday loans in one easy step. Visit their site at http://www.jtvcashadvance.com

Contact Information

  • Contact:
    Ellis PR
    510-230-3947