Daily Archives: January 3, 2011

Interesting News About Payday Loans [01/03/2011]

In November of 2010 supervisors in Los Angeles County appear to have changed the lives of families seeking payday loans. The supervisors passed a law that bans use of plastic bags in the unincorporated areas of L.A. County. They also mandated a fee of ten cents for any customer that asks to use a paper bag.

That ruling adds to the expenses in any family that has considered going after one of the various payday loans. In fact, it may encourage larger numbers of families to seek payday loans. That way, they would have more money for paying either the paper bag fee, or the cost of a re-usable sack.

Payday loans help families that live from paycheck to paycheck to obtain some extra cash. They can apply for such a loan by completing a short online form. They do not need to have good credit or to offer any form of collateral. They do not have to fax in any papers or seek out someone who will serve as a cosigner.

As long as they have a bank account that is linked to a bank card, they can have the extra funds wired safely and securely into that account’s designated area among the bank’s quarters.

Note: news taken from New Haven Register on November 17, 2010