DENVER, Nov. 4, 2013 /PRNewswire-iReach/ -- Most Americans have felt the crunch of the most recent financial crisis. Some have lost jobs. Others are underemployed. Almost all have experienced a financial emergency. One of the reasons, more and more borrowers seek short term loans is to meet emergency needs fast. Disconnected service costs, bounced check fees, and late fees can put them in a worse financial situation than the current one.
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"Obviously, short-term loans are not the only solution," states Payday-loans.org CEO Johnny Gordon, "but they are a solution." Even though, there are some lenders in the payday loan industry that try and take advantage of borrowers, most reputable lending service providers, like www.payday-loans.org/short-term-loan.html are offering under-banked, unbanked and bad credit borrowers with emergency funds they can't get anywhere else.
"I keep up with the industry news," says Gordon, "and I've heard many horror stories, but here's the truth. Many payday lenders are providing a legal and useful service to people in need." He's right. Payday lending is a tightly regulated industry on the state and federal level. Lenders must get licensed and comply with the laws of their states.
"We are not a lender," continues Gordon. 'We are a service provider, a loan facilitator, if you will, that matches those in need of emergency cash with those who are willing to provide it."
"Our focus is on simplifying the process so borrowers can access the funds they need quickly and easily. If the potential borrower has a job, a regular paycheck and a bank account, we can likely find them the money they need, even if they have bad credit."
Borrowers need to keep in mind that these are short-term loans, which means they only get a short time to pay them back. Normally by the time they get their next paycheck, the loan amount plus fees will be due. If the borrower needs to extend the loan, he should contact the lender as soon as possible to avoid late fees.
"The funds are easy to access," states Gordon, "but borrowers still have the responsibility to pay them back on time." Gordon also points out that by utilizing a loan-matching site, borrowers can comparison-shop and find the best terms and rates. "I am biased," he says, "but the truth is borrowers who use our site complete one brief application and receive dozens of loan offers. So they can review them and choose the one with the best terms and rates. Some lenders will even provide extended payment terms."
Visit http://www.payday-loans.org/ to learn more or to apply for a short-term loan.
Media Contact: Johnny Gordon, Payday Loans Organization Ltd, (818) 533-1996, info@payday-loans.org
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