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By: John Miller

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Thursday, 13-Jan-2011 17:38 Email | Share | | Bookmark
Need Money Now? Go for a Quid Loan

Everyone has seen how the recession has affected our lives. The changes on our normal budget and the depression it gave us. During these days, a short term loan was people's solution to sustain their usual way of living. Short term loan allow their customer to borrow a small amount of cash and have it paid back on the next payday. The simple approval of this loan attracted people and made it the instant resolution for their financial shortage. This could have been the basis why there are a lot of Quid Loan critics.
For me, consumers and lenders should practice responsible spending and lending. Short term loan compared to others, has a higher interest rate. (APR and Interest rate are 2 different things) This means if they do not use and pay it intelligently, there is a possibility that this can lead them to debt.
I memorize the first time I used it; I was in a big problem. I have this electricity and water that is overdue and it was like in the middle of the month. My friend advise me to try payday loan. I was hesitant at first, because I'm afraid to be in deep debt. In a second thought, I don't want to sit in the dark; so I applied online for a payday loan.
I was amazed on how simple and hassle free it is. I just signed up online, it shows you all the details you need to know. I faxed my pay-stub Online, when they called me to do checking, they even explained everything to me crystal clear. In 3 hours, I have the cash I needed transferred on my checking account. It was awesome experience.

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