Low Cost Payday Loan

Good evening everyone.  This is your WPLR Evening Payday Loan Report. I’m Phyllis Redbin and I’m here with our guest Geoff Kathford.  Geoff claims he has invented a truly low cost payday loan – an economic alternative for all of the quik payday loan companies out there.  We are on our way out to the site of his development now to see his low cost payday loan.

Low Cost Payday Loan Alternatives

“Geoff, you claim you have made a low cost payday loan.  A Payday loan store usually claims they offer a low cost payday loan as well.  What is to stop me from driving to one of those to get one of their low cost payday loan applications?”

“Well, Phyllis, they claim they offer a low cost payday loan, but you have to look at the whole picture.  For instance, driving to a payday loan store, uses the car - which uses gas.  Driving across town uses both gas and time.  Standing in line uses more time.  All these things add up, but the payday loan store does not include them in their cost.”

I see.  You make an excellent point, Geoff. So how can your payday loan store offer a low cost payday loan that can compete with them?  Isn’t a payday cash loan the same no matter which store you go to?  And you can’t cut your cost too low.  Every business has overhead that they need to pay.  The cost of living goes up, the cost of gas goes up, even the cost of my cable TV has gone up.  How is it that you are able to offer a low cost payday loan in the midst of all of this?

“I have developed a store that bypasses all that overhead, Phyllis.  There’s no warehouse spac. . There are only the smallest of utilities to be considered.  And my payday loan store can be the quickest payday loan that you have ever received.”

Well, if you have developed a store that is so small, how can people hope to find it?  If they do, they’ll be standing in lines out in the rain waiting for you to try to give them a low cost payday loan.”

Standing at the Low Cost Payday Loan

”You’re not thinking progressively, Phyllis.  You are at the store now.  Do you see any lines?”

Geoff, you must be pulling my leg.  We’re in someone’s backyard. The only thing here is a porch swing and a laptop computer.  This is your idea of a low cost payday loan?”

”Progressive, Phyllis.  This is my backyard, and my payday loan store is in the laptop.  All I need is an internet connection and I can give people all over the country immediate access to an ez payday loan.  I can be open 24 hours a day and 7 days a week.  From here I can match lenders and borrowers together to give people a huge pool where they can find their low cost payday loan.  They can get the best rates, the best amounts, and they can do it all from the comfort of their own home.  We can even offer a 30 day payday loan from here to help people for a whole month!”

Well this isn’t going to work!  Where are you going to keep the staff so you can verify people’s information and make sure their personal information stays safe?”

“There’s not much to verify anymore.  Most first time borrowers can apply for low cost payday loan but using our fax payday loan process.  For established customers, we can offer a no fax payday loan and get them their low cost payday loan in no time.  Most everything can be done from start to finish by one person.  There’s no need for big offices.”

No Office Space – Just a Low Cost Payday Loan

Well, Geoff, I am impressed.  I never thought that a low cost payday loan could come from something so simple and so safe.  There’s only one thing I have to do.”

”What’s that, Phyllis?”

I need to go to www.paydayloanreport.com and apply for a low cost payday loan. It’s four days until payday and I need to pay an electric bill.  So, for WPLR – the Payday Loan Report – I’m Phyllis Redbin saying good night to you, and a special thank you to Geoff Kathford for keeping the lights on.  Good night.

Websites Offering Payday Loans Online:

•	Quik Payday - They claim to offer the quickest payday advance online. We are investigating.
•	National Cash Advance - National Cash Lenders Funding Every State? Hmmm.. Aren't there laws?
•	Cash Loans Calculator - Payday Lenders Marketing A Cash Cow? Very Interesting Articles.
•	Responsible Lending - The Center for Responsible Lending is fighting predatory lending.
•	Sonic Payday - Sonic Payday - Loans From Sonic Cash.