• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Zippy Payday Cash

Zip - You've Got Cash

  • Main Website
  • Featured Tax Refund Loans
  • Featured Cash Advance
  • Featured Affiliate Program
You are here: Home / 2011 / Archives for October 2011

Archives for October 2011

Who is a Typical Payday Loan Customer?

October 27, 2011 by Zippy Payday Cash Loans Leave a Comment

Who is a Typical Payday Loan Customer?

Old Payday Loan StoresGrowing up I thought a payday loan, cash advance or cash loan of any type, was meant for the poor. When driving through the urban parts of Los Angeles it’s typical to see payday loan stores. It’s easy to spot a cash advance store by the opaque windows and doors, and signs saying “fast payday loans”, “quick cash” and “cash now.” When seeing these lenders, I would imagine the types of people who would take out a payday cash loan. I pictured the same people you see in line at the welfare offices or using food stamps. The general assumption of the types of people who take out a payday loan are similar. We imagine unemployed, low income, lazy individuals in need of cash to cover expenses which they can’t afford due to irresponsible behavior.

Image of Payday Loan Customer is Outdated

That image of the payday loan customer is outdated, and unrealistic in today’s world. In order to apply for a payday loan, the borrower must be employed with a steady income, have a current bank account, and valid telephone number. This makes it impossible for a homeless person or unemployed individuals to borrow cash from a payday loan lender. The economic recession of 2008-present has left behind a path of financial instability for many Americans. There were the college graduates who were introduced to the “real world” with an inflated job market, no job creation, and layoffs affecting thousands. Not to mention the kick start of their student loan payments. Then there were the CEOs, Vice Presidents, and other upper management employees who were laid off in order to cut costs. Let’s not forget all of the other thousands of employees who were laid off across the country. In the years since the recession there has been very little job creation, salaries are stagnant, our country’s credit rating has declined, and economists suspect a double dip recession in the horizon. Meanwhile, the cost of living has increased. Food, gasoline, and utility prices have all increased in the years since the initial recession hit. Now, who do you think is is a typical payday loan customer?

Payday Loan Customer Applies and Receives Cash Via the Internet

payday loan customer direct lender loanAll of these factors and more have changed the demographics of the types of people who apply for direct payday loans. Another factor is the changed image of the cash advance industry, and the ability for the payday loan customer to apply for and receive cash loans via the internet from direct payday lenders. With direct online payday loans, anyone who is over the age of 18, employed, with a bank account and valid telephone number can apply with anonymity. You no longer have to visit a seedy shop located in a strip mall in the urban part of town to receive a direct cash advance loan. Payday loan consumers can apply for a direct cash loan from direct lenders and from the comfort of their home, or via a cell phone. The applications are 100% safe and secure, and the direct cash loan is approved instantly. The cash is then wired to the payday loan customers account within one business day or sooner. The ease in which a person can apply for a cash loan from a direct lender, and economic factors have changed the face of the payday loan industry.

Typical Payday Loan Customer, Not Typical At All

According to the Community Financial Services Association of America, the payday loan customer demographics go against the stereotypical cash loan borrower image. According to a study conducted by Georgetown University, and published by the CFSA, the majority of payday loan customers are in the middle-income category. Specifically, the majority of payday loan customers make between $25k and $50k a year. The typical payday loan customer is also middle-educated, with 90% of borrowers possessing a high school diploma or greater. Fifty-four percent of payday loan customers have some college under their belt or a degree. Thirty percent of payday loan customers own a home, fifty-four percent possess major credit cards, one hundred percent have steady incomes, and one hundred percent have a checking account. The majority of payday loan customers are married, 63% have children, and 53% are under the age of 45.

As the economy changes, so do our perceptions of the working class. Short-term loans offer a temporary solution to financial difficulties. When credit cards, and other options are not within reach or take way to long to pay off, a small payday loan between $200 and $1500 can go a long way.

Who is a Typical Payday Loan Customer, By Ray West
Direct Payday Lenders Online

Direct Payday Lenders Online

Filed Under: cash loans, direct lenders, direct payday lenders, Loans, online payday loans, payday loans Tagged With: 1 hour loans, cash advance, cash advance online, cash advances, credit & debt services, credit and debt services, direct cash advance, direct cash advance loan, direct cash loan, direct online payday loans, lines of credit, online payday loan, pay day lending, payday cash loan, payday lenders, payday loan customers, payday loan lender, Payday Loan Reviews, payday loan stores, personal financing, short-term loans

Is Your Spouse Financially Cheating on You?

October 16, 2011 by Zippy Payday Cash Loans 1 Comment

Credit and Debt Services

Is Your Spouse Financially Cheating on You?

It used to be all a girl had to worry about was whether or not her man was cheating on her with his secretary. Times have changed! it’s no longer searching for lipstick stains, but searching through bank account statements. According to the National Foundation for Credit Counseling, 24% of participants in a recent study would not share their financial difficulties with their spouse. Why is hiding financial hardship so popular? Do you know if your spouse is financially cheating on you?

There has always been a stigma attached to those who are not financially responsible. You never want to run around telling the neighbors that your house is in foreclosure or that your car is about to be repossessed, but what about your spouse? Shouldn’t they be privileged to the information regarding their standard of living? This phenomenon is not an issue only pertaining to married couples either. A friend of mine was dating a really nice guy, but by the second month she couldn’t take it anymore. Every time they went on a date he would take her to a fancy restaurant, then proceed to order the cheapest item off of the menu. If you have ever eaten at an expensive restaurant, you know the look you get from a server if all you order is a side salad and a water. When he ordered something cheap, she felt obligated to do so as well. There they were at a beautiful highly publicized restaurant eating a cup of soup, and drinking water. Meanwhile diners all around them were enjoying filet mignon, and sipping red wine. Spouse financially cheating is something that should be avoided so both of you can be working on correcting your finances together.

Spouse Financially Cheating on You could be Your Love$ Secret

spouse financially cheatingShe couldn’t understand why he was taking her to these types of restaurants if he couldn’t afford it. Finally he broke down one day while they were out, and confessed to her that he made less than she did. She was astonished at how little he made, being that he was able to pay rent at an expensive complex, pay student loans, and take her out every other night. The truth was he couldn’t afford it, and was racking up credit card debt. Out of the 24% surveyed in the study, 8% said they wouldn’t share the debt with their spouse because the spouse didn’t know about the debt when they entered into the relationship. Seven percent of those surveyed said they kept their debt a secret, because they felt it would damage the relationship. Nine percent of those who said they would keep their debt a secret, because they wouldn’t want the other to worry about it. Spouse financially cheating does not mean they are purposfully hurting you but most likly just too embarrased to come clean.

Spouse Financially Cheating – Payday Loans can help if used responsibly

Using a credit card or online payday loan to pretend you have money isn’t a good idea in the long run. Eventually you will run out of credit, and the truth will come out. Don’t get caught in a debt cycle. Just be up front and honest about your financial situation. There are instances where cash loans can come to your rescue, but these short-term loans should be used a temporary solution to an emergency financial situation. If you didn’t budget for an important date, but need the cash last minute you could take out a cash advance online, but be sure to pay it back with your next paycheck. There are fees and interest associated with online payday loans, just like there are with credit cards.

Is Your Spouse Financially Cheating on You, By Heather Wilson

Zippy Payday Cash – Spouse Financially Cheating – Online Payday Loans, Credit & Debt Services, Personal Financing…..

Filed Under: cash loans, Loans, online payday loans Tagged With: 1 hour loans, cash advance online, cash advances, credit & debt services, credit and debt services, lines of credit, online payday loan, pay day lending, payday lenders, Payday Loan Reviews, personal financing, short-term loans

Primary Sidebar

Faxless Payday Loans
Get a Loan - Fast!

Recent Posts

  • Everything You Can Do with 1 Hour Loans That You Never Thought of Before
  • Why Get Tax Loans Now? Three Great Reasons
  • Snag One of These Holiday Cash Advances, Even with Bad Credit
  • Get The Money You Need NOW With Cash To Go Loans!
  • Short Term Loans Made Easy! Five Important Things To Know About Payday Loans.

Recent Comments

  • Laura on Money. Fast. No nonsense payday loans and cash loans.
  • Sherman on Stop asking: Where is my Tax Refund and Receive your Money Now
  • Tarotista Gratis on Money. Fast. No nonsense payday loans and cash loans.
  • Dragon City Hack on Get Ready for Black Friday with Quick Cash Payday Loans
  • steam keys on Stop asking: Where is my Tax Refund and Receive your Money Now

Archives

  • January 2018 (2)
  • December 2017 (2)
  • May 2016 (2)
  • April 2016 (4)
  • March 2016 (2)
  • February 2016 (3)
  • January 2016 (2)
  • December 2015 (3)
  • November 2015 (3)
  • October 2015 (4)
  • September 2015 (3)
  • August 2015 (4)
  • July 2015 (4)
  • June 2015 (4)
  • May 2015 (3)
  • April 2015 (1)
  • March 2015 (3)
  • February 2015 (2)
  • October 2014 (3)
  • September 2014 (1)
  • August 2014 (1)
  • February 2014 (1)
  • June 2013 (1)
  • May 2013 (2)
  • April 2013 (1)
  • October 2011 (2)
  • September 2011 (2)
  • August 2011 (3)
  • July 2011 (6)
  • June 2011 (8)
  • May 2011 (13)
  • April 2011 (7)
  • March 2011 (3)

Footer

Miscellaneous

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

Copyright © 2019 · Genesis Sample Theme on Genesis Framework · WordPress · Log in