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By: Jason Bilger

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Sunday, 20-Feb-2011 16:57 Email | Share | | Bookmark
Quid Loans - Why Payday Loans Have Become a Great Lifesaver

A Quid Loan is a huge benefit for anyone who has experienced financial problems and knows what it' like to be caught in the middle of the month without cash. Many of us live from one payday to the next, running out of cash during the month and having no one to turn to until our next paycheck. Who hasn't experienced an unforeseen financial emergency such as school fees, an unexpected medical bill or car repair just when we can least afford it? When this happens the financial stress of being without funds can be so crushing we just don't know which way to turn or who to ask for help. That's when the Payday loan can become a real lifesaver!
How the Payday Loan Works
Pay day loans are small, short-term loans provided by lenders who charge a flat, one-time lending fee. The loans granted are typically around $500 - $1000. Unlike regular long-term credit loans, the length of the pay day loan is short - usually until your next payday, or around 30 days - although some lending companies are more flexible on this, depending on their lending policy.
If you are looking for a quick cash solution to your financial problems or cash-strapped emergency, then this type of short-term loan could be just the answer you're looking for.

Read more about Quid Loans


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