Payday Loan Direct Lender – The Quickest Way to Get the Money

Even with the presence of numerous discussion threads on the internet, there are hardly any which deal with payday loans in detail. Some look at loans with suspicion, others revolve around the economic problems which have led to such a scenario. But there is one point where everyone is unanimous, that is, cash loans are good solution if they are handled well. Payday loan in actuality can solve your cash problems especially when they are negotiated upfront directly from lenders to determine the loan system and any legal obligations arising from it.

One of the arguments given by opponents of payday loan schemes is the heavy interest rate which is attached with them. Though everybody is ready to pay some money for availing cash benefits, but the question is whether payday loans are beneficial when their interest rates are considered? When compared to regular loan schemes which are also available and competing with payday loan schemes, there are few schemes which provide short term loans without any property being used as collateral. And this ease and convenience is only provided by payday loan schemes which provide short term loans without any collateral.

In payday loans, the lenders directly lend the borrower certain amount of money which he has to pay back to the lender along with the interest on the day the borrower receives his pay check. This scheme is useful in times of urgency or immediate need of cash funds. Getting payday loan is very easy from the lender as it requires a very limited amount of paperwork and documentation. And the money is given to the borrower immediately after the application for the loan has been made.

Internet provides a cheap and fast way to apply and receive a payday advance. Lenders have increasing shifted to online transaction systems and provide their services at the click of the button. Now the applications can be submitted directly through the internet without any delay and tiring paperwork saving time, energy and resources for the borrower. Another added benefit of online lending is that the required amount is transacted in less than day after the application has been submitted by the borrower.

The red tape and lengthy documentation procedures which caused delay and embarrassment are things of past. The payday advance schemes do not require mortgages nor demand heavy paperwork making the entire exercise comfortable and easy.

The entire procedure is very easy and is different from conventional loan application procedures. Payday advances does not require credit history check of the applicant thereby eliminating the ground of refusal on the basis of poor credit history of the applicant. Also, it does not require any security when you apply for loan. In the end, the benefits offered by payday loan schemes are on all accounts better than those given by regular loan schemes.

It is necessary to go through the entire loan scheme when the application for the loan is made. Payday cash advances are short term loans which are provided immediately in return for high interest rate. And there is a heavy late payment fine in case the debtor defaults on his payment. It is better to look at payday schemes as an easy way to draw money from your next month’s salary instead of looking at it as borrowing.

The bad reputation of payday loans has arisen more from inability of borrowers to pay the sum at stipulated time and consequently defaulting on their loans. They end up blaming the entire lending system for failure which in case was a failure on their parts to repay the loan. The payday scheme is beneficial and also very helpful for those borrowers who understand the working of the scheme. It is a simple way to meet your immediate cash problems.

Payday Loan Providers: Keep Options Open

Governments continue with their attempts to clamp down on payday loan regulations. In several countries, lawmakers are trying to make it more difficult for the average person to obtain a fast cash loan. Their motives are based on protecting citizens from falling further in debt. On the other hand, their methods are not as accepted. Clamping down on safe payday loan providers services and limiting access to emergency help has not proven overly successful. In fact, for many borrowers, it has made their situation worse.

It is true that payday loans are not a good solution for many people in a budget crunch. The interest is high and the payoff term is fast. People who continuously struggle with money issues are less successful with this type of money help. The ‘cycle of debt’ skyrockets once a short-term loan enters in. The root of the borrower’s financial problems is masked by the end result. There are major contributing factors to a household’s budget demise. Why the debt problems for lower income individuals are left to hang on the heads of a direct lender remains a conundrum.

Frequent payday loans are signs of ongoing struggles. For the most part, when a person has a functioning budget, the only interaction they have with payday loan direct lenders is reading about them in the news. These folks have been able to manage their income well or at least controlled the damage from too much outstanding debt. The balance between earning and spending evens out by the end of month.

When debt becomes out of control and people lose their ability to use credit cards, many opt for easy cash. Best payday loan providers approve applicants who are not creditworthy. There are other alternative fast cash opportunities but these unsecured loans fair well. If the direct lender is using fair business practices and has competitive prices their services are used successfully by many borrowers. Yes, they are more expensive options than credit cards or personal loans, but it is the nature of the beast. There are some predatory lenders that do try to take advantage of an applicant’s vulnerable position. They do not account for all lenders despite what the papers say.

Government officials need to find ways to promote money management education, regulate credit card debt before it becomes destructive and regulate alternative lenders in order to keep the fraudulent ones out. Taking away choices altogether will send those in need on a desperate search for any company that has a solution. When safe direct payday providers are shut down or overly regulated, those that are not will receive applications instead. This is not helping. Laws are pushing desperate people into the hands of predatory lenders. The chances for debt cycles to explode are there. Unregulated companies will often have higher fees, poor service and bad collecting policies. Financial woes will multiply.

Borrowers that are credit challenged have already sunk into unmanageable financial trouble. It is going to take lots of hard work to become debt free. In the meantime, there are alternative money options which may or may not help a person stay the course. Credit checks defeat their attempts and they turn to no credit check direct loans for help. It may take a few months to pay it back, but at least the option was there to take care of the money emergency.

The short-term loan industry does need regulation to help maintain a sense of order. The option should not be scrapped altogether. Applicants are safer when there is a choice between a safe direct lender and a predatory one. They have to be taught the difference rather than only having access to a bad lender.

PayDay Loans – Direct Lender Advice – Find the Best Direct PayDay Lenders

PayDay Loans are now offered by thousands of companies, which can make it quite a challenge to know how to begin choosing between them. It is important to understand that there are lots of differences between these companies, and that knowing how to narrow down your search to the best lenders can make a big difference. Not all organisations that present themselves as providers of payday loans are actually direct lenders themselves. Many of them will pass your application on to one or more other companies. By going straight to a direct lender you can usually get a faster service and a better deal.

PayDay Loans are always for only a short period of time, so getting the money quickly can make all the difference. A good direct lender will be able to put money straight into your bank on the same day as you apply for a loan, often in as little as an hour. Payday loan providers who have to pass your application on to other lenders will inevitably have longer processes, and are unlikely to be able to guarantee a time frame for getting your money to you, as this will vary depending on which lender ends up actually providing the loan. As there is an extra party to be paid in such transactions, you can end up paying more for a loan through a broker. For this reason you tend to get a better deal by going to a direct lender.

Other things that can slow down the application and approval process are carrying out credit checks or having to fax through documents. You can improve your chances of a fast approval by sticking to a direct lender who does not require a credit check or the faxing of any documentation. Credit checks are really unnecessary for payday loans because they cannot give the lender much information that is actually relevant to this kind of borrowing. As long as the lender knows that you earn enough money each month to cover the loan and that you have a bank account that can be used for the repayment, they have all the assurances they need with regard to your ability to repay the loan.

Another very important factor which is relevant to all types of payday lending is that you must take care to apply only to well established and reputable lenders. The payday loan industry has unfortunately attracted a worrying number of people who simply see it as a way to trap people into debt through ridiculously high fees. The problem is to do with companies that deliberately apply very high penalties for any late payment or extension of the loan period. There are two elements to this really. One is the fact that some companies have these exploitative fees at all, but the other is that some people use payday loans for the wrong reasons, which is why the end up paying the fees in the first place.

Payday loans are not a way to deal with real debt or a gap between what you earn and what you spend. They are to cover unexpected emergency bills and expenses, which you should be able to recover from when you next get paid. If you are trying to cover a gap which will still be there next month and the month after, a payday loan is the most expensive way of doing it.

If payday loans are what you require, my advice is to follow recommendations for some of the best direct lenders and apply to several of them. This is an easy way to avoid any dubious lenders and it allows you to see what you are offered and accept whichever you prefer.

5 Tips To Get The Best Payday Loan

In tough circumstances, it’s difficult to make both ends meet for most people. As a matter of fact, unfavorable economic climate forces many people to take a loan. If your current job doesn’t pay you enough, we suggest that you give a go to a payday loan. If you don’t know whether you should reduce your expenses or apply for a payday loan, we suggest that you check the tips given below. These tips may help you make a wise decision based on your circumstances.

Consider your needs

First of all, make sure you know how much money can meet your needs. While it is tempting to apply for an amount that is a lot higher than what you currently need, you should never go this route. The reason is that the high rate of interest will kill you down the road. So, if you want to be on the safe side, you should only apply for a loan that will jus meet your needs. Don’t be greedy. Some people don’t need as much money as they borrow. As a result, they find it really hard to repay the loan. Paying the higher rate of interest becomes a headache for them and their life becomes a hell. So, always go for what you need, not what you want.

Repayment method

Now, this factor is the most important. When applying for a loan, make sure you choose the best repayment method based on your circumstances. For instance, you can give a post dated check to your lender so he could get the payment on a certain date. Or your lender may ask you to give you the account number of your checking account. In this case, the lender will just deduct the payment amount from that account. Based on your needs, make sure you ask the lender to use the right payment method.


Due to one reason or the other, you may fail to repay the loan on the due date. In this case, you can ask for an extension. Your lender may give you a 48-hour extension based on your history. However, keep in mind that you will have to pay the fees for the extension.

It’s important that you make all the payments until you have gotten rid of the loan. In case of late payments, you will have to face penalties, which you don’t want at any cost.

Valuable items

If you want to enjoy a lower rate of interest, you can apply for a loan with a valuable item, such as jewelry. Usually, a secured loan will save you a lot of money because of the lower interest rate. So, if you can, take something valuable with you to the lender.

Credit history

As far as payday loans are concerned, your credit history plays a great role. Even if your credit history is bad, you can apply for a loan but the rate of interest will be a lot higher. On the other hand, if you have good credit rating, the lender may offer lower rate of interest and better repayment options. Therefore, we suggest that you keep a good credit history in order to prevent higher rate of interest. And for this paying the loan back on time is the way to go.

So, if you are thinking about getting a payday loan, we suggest that you consider your circumstances and use these tips to be on the safe side. Keep in mind that payday loans are not for everyone. You should get this loan only if you are sure that you will be able to pay it back on the due date.

How to Use Payday Loans to Help You Get Through a Financial Emergency

Payday loans are short term cash advances on your wage. They are loans that are designed to be borrowed for a short time only. Most borrowers only need the money for a week or two, until they receive their regular wage. This article offers some advice on how to use this form of credit to help you in an emergency when you have run out of cash.

Payday loans are a formal credit facility which is made available by a private lender. Private lenders who offer Payday loans should have the necessary licences. You can check your lender is registered and licenced by checking their website. If you are unsure, you can ask the lender for details of their credentials.

Once you are happy with the lender you have chosen, you should spend time reading about the loans they offer. Read the terms and conditions of the loan and make sure you fully understand your rights and responsibilities as the borrower. These are the things you as the borrower, are committing to. Your rights as the borrower refer to the things your lender will do for you.

As the borrower, when you agree to the loan and sign the credit agreement, you are promising to repay the lender the Total Cost of Credit on the agreed repayment date. You are also agreeing to abide by the lender’s terms and conditions which will include any additional fees if you are unable to make your repayment on the set date. Your lender is committed to providing you with the credit, with interest, for the agreed period of time. They will keep your information safe and protect your privacy as a valued customer.

If you successfully repay your loan as agreed, there will be no issue, and you will be able to continue on with day to day life and finances as normal. If however, you are unable to honour your credit agreement, you may incur additional fines or fees. If you think you will not be able to repay your loan, you must contact your lender at the earliest to discuss your options and arrange when you can make the payment.

To get the very best from a Payday loan, you should calculate how much you can afford to repay after all your other monthly expenses are taken care of. This ‘disposable’ income is what you can comfortably use to repay a loan. By calculating the Total Cost of Credit, you will know exactly the amount you can afford to borrow.

The most important thing to do is take your time, consider your options, and never rush in to any form of credit. If you come across a lender who tried to sell you a loan or harasses you, then they should be avoided. Lenders should always treat you with respect and courtesy. The best lenders will answer your questions and do all they can to assist you. This can include helping you with the application form or going over the terms and conditions with you.

It must be said however, that the majority of applicants complete the form online and submit it on their own. And most lenders are able to successfully borrow the funds they need, and then repay the loan, without having to contact the lender directly. But when you are dealing with a trusted and reputable lender, the option is always there for you if you need it.

Payday loans do not take long to apply for. You only need a few minutes to complete the application form. Although the process is quick and easy, lenders take it very seriously. Your application will be processed carefully and the information stored securely, just as it would be with a bank or any other financial institution.

If you need a Payday loan, choose your lender carefully and then complete the application accurately. Work out how much you can afford to borrow and then make sure you make the repayment on the agreed date. If you do this, you will be able to get the very best from a Payday loan and use this form of credit to help you when you need it most.

Payday Loan Lending Meets Consumers At The Gas Pump

The rise and fall of gas prices continues as consumers hit the pumps waiting to see what they will pay for a gallon of gas. When it comes to filling the tank, payday loans have been known to meet the needs of someone who is low on fuel. The past few years of uncertainty has made being a car owner a little more difficult due to the high cost of gas.

Short-term loans come in handy when there is an unexpected trip to the dentist or a car repair. But as of late, consumers have turned to direct payday lenders online to help meet their needs when it comes to keeping up with the cost of getting from point A to point B. If you aren’t driving a hybrid or other type of car that is made for fuel economy, it’s important to know how to turn a gas guzzler into a sipper and keep your budget from going into the tank!

Consider the following tips when trying to conserve gas and get more mileage for your money. It’s the little things that add up and save you money in the long run:

*Be strategic when running errands- Plan your errands carefully so you driving back and forth and all over town. Try to shop at stores that are located in the same vicinity, finishing up your “to-do” list in one trip. Do you grocery shopping, banking, and dry-cleaning in the same shopping center if possible. Be sure to ask the members of your family if there are any errand they need taken care of as well. You can piggyback on those as well. Park your car in a shaded area to prevent gas evaporation. Not only will you save money on gas, you will get some exercise too! Did you know that parking outward, with the nose of your car forward, also saves gas? Saving a buck or two by doing this can really add up and may prevent you from needing a fast cash payday loan just to fill the tank.

*Be more fuel efficient on the highway- Maintaining a consistent speed while on the highway is a great way to save money in gas. If you are in the position to use cruise control, you will have an easier time staying at the same speed. (On a side note- cruise control can help prevent you from going over the speed limit.) Refrain from breaking too much on the highway as well. While increasing and decreasing speed is an obvious and necessary part of driving, it’s not good to “ride the brakes” when on the highway and/or freeway. If you have access to toll roads, you can utilize them on your daily commute as well in an effort to lessen the stop-and-go of your daily driving. Purchase a monthly pass to avoid having to stop and pay at the toll booth. You may even get a discount for buying one.

*Make sure your tires are properly inflated- Safety is the first and most important reason to have your tires inflated properly but did you know that correctly inflated tires can increase your car’s fuel efficiency by as much as two miles per gallon? That can add up to quite a bit if you do a lot of driving. It’s imperative that you know the PSI (pounds per square inch) of your particular tires as it varies depending on the type and size of the tire(s). Under-inflated tires can cause car accidents and worn out tires can result in blow out’s. Create a routine of checking your tires and always check then before you go on a trip or long drive. The cost of tires may require seeking the help of payday loan lending in which case you can get the cash you need and have new and safe tires as soon as possible.

Aside from tires, it’s make sure your car’s air filter is working properly, that your fuel cap is on tightly when you gas up, and that you are not carrying around too much weight in your car from unnecessary cargo (I don’t mean passengers of course!). While some of these things may seem odd or minimal, by changing your driving behaviors, you can save money and get the most for what you pay for at the pump. Emergencies may be lessened as well as the need for payday loan lending help.

How Do You Feel About Safe Payday Loans Now?

It is easy to get trapped in negative thought when your finances are out of control and your quest to find safe payday loans help will still leave you broke in the end. Your mindset is a powerful tool that can be used to change the direction of your flailing budget. Negativity is powerful so it would do you good to try to find the positive in every situation, including being knee deep in debt.

Let’s take a look at some positives. Since so many households are buried in credit card debt, it’s a great topic to start with. Your credit cards are now full and your bank account remains empty. Did this debt serve a useful purpose? Do you have shelter? Has there been enough food to keep your family fed? Were doctors able to make you better or help you relieve pain and suffering? Did you enjoy the family vacation or the many trips to your favorite restaurants? If you received pleasure and possibly relief when using the credit cards, remember those feelings when the debt knocks at your door. It is good to be grateful for the having the means to accomplish these things and it’s important to remember that when the bill comes in the mail. The process brought you to where you are now, debt or no debt.

How are you feeling about a fast and safe payday direct loan? Are you upset about the interest fees when you would rather use your paycheck for something else? Are you experiencing the same feelings as you did when you took the loan out in the first place? Prepare your mind in a positive way that supports a plan to get the debt paid back. You can’t blame the company for something you chose to do. Remind yourself what that quick cash loan did for you. Were you able to pay the mechanic or buy medicine? Did you find a safe payday loans lender that helped you work through your money mess when no one else would listen? Chances are slim that you were feeling bad towards the loan when you first got it especially if you worked with a company that had a professional customer service.

Now you sit with debt and the world seems to be caving in on your once again. A new mindset will give your spirits a lift. It is always easier to face difficulties with a smile on your face or at least a positive attitude. The more you dwell on negative, the worse you feel and the harder it is to make a difference with the problem.

You don’t have to pretend to love paying bills. Love the opportunity. This debt gave you many opportunities to improve your life in one way or another and now it is time to pay in return.

“I’m thankful to have had a credit card on me when I needed to buy new tires.”

“I’m so lucky that the safe payday loan lender helped me get my bills paid on time. I would have been in trouble with my creditor without it.”

“I’m going to get this debt paid off and make changes so my finances never get back into this same situation.”

“I can live without restaurant food for a while; in fact I’ll even give up going out on the weekends to improve my finances. In the long run it will all be worth it.”

There may be times that you want to slip back into negative thoughts, but remind yourself once again why you are in that position and that this won’t last a life time. Once you have significantly decreased your debt, your life will change for the better. Your finances will be there to support your lifestyle choices and you would be far less to return to the same situation having already climbed out of it.

Do Direct Payday Loan Lenders Help Your Budget Control?

How much attention are you giving your financial life if fast direct payday loan lenders are your best friend during an emergency money situation? Have you had much control over your budget if your credit utilization rate will no longer support credit card transactions? You will have to work at gaining control over your personal finances if you would like to live a financially free lifestyle.

What constitutes financial freedom? It doesn’t mean that you have to be bringing home a six figure salary each year. What it does imply is that you live within your means comfortably. All cost of living expenses are well within your budgeted range and you make smart decision when it comes to spending on extras. Restraint and dedication are great money management skills to have. It is okay to spend, but how you spend and how much you spend will make the difference between a budget that is balanced or not.

Financial decisions relate to one another more closely than a budget would like. If your utility costs are too high for a month, the needs to be some sort of shuffling of funds, pull from savings account or use third party money. You may be able to solve this problem easily enough, but if problems continue to occur or a money emergency presents itself, the budget will struggle.

– Juggling money within your budget can get tricky. It is important to watch for due dates, cover static costs and cut back on the expenses within your control. If you manage to make on-time payments despite the money crunch, you are doing well. A budget with a surplus or dedicated savings will handle the small bumps in the road much easier.

– Use your own money that you have saved for emergency purposes, that is a smart financial plan. Not only will you keep your money problems within your own accounts, but you won’t be paying interest fees for using third party money. The hitch to a savings account is that you need to rebuild it just as fast as you would pay off direct payday lenders in order to keep more unexpected money troubles. When there is no money, you will need to look outside to cover on-time bills.

– Outside money will most often come at a price. Unless you borrow money from a family member or close friend, you can expect to pay interest on the outstanding balance. The trouble with these loans is that if they are not paid as expected your fee could come in terms of losing a relationship. When you need to apply for credit cards or payday loan direct lenders online it is important to shop around for a responsible company which will offer you the lowest interest rates. You do not want to have to pay any extra towards your finances than need be. It becomes too easy to let full payments slide with credit cards. The low minimum payment is welcomed into budgets that have very little or no room to juggle expenses. People end up using them more and more and pretty soon even the minimum payments are no longer affordable. When you have to use alternative money like direct payday loan lenders, you will find that the high interest fees will motivate you to get the debt paid off as soon as possible.

When you work at retaining or gaining control over your finances, it is important to make smart decisions from the get go. Small mistakes or oversights can lead to trouble quickly. Hone up your money management skills by frequently monitoring your budget, asking friends and family pertinent money questions or hiring an adviser to plan for a range of money goals.

Direct Payday Loan Lenders: How Do They Fit Into Your Holiday Budget?

What are your finances going to look like once this holiday season is over? Have you used your credit cards to charge your way through holiday shopping trips? How many direct payday loan lenders online have you applied with to keep up with all the chaos in your budget the last month? Had you planned for the extra expenses early on and had a holiday savings account building throughout the year? When your budget finishes the year off in a horrible state, there New Year will start out financially unhealthy.

Have any idea how you are going to tackle your regular finances plus all of the holiday debt you have been adding to them? Do you know what will have to be done in order to pay down your newly acquired debt? It is best to have a plan in mind now. Not only will you be prepared, but when you have your finances in your mind you may be less apt to lose control during the holidays. People who do not pay attention to their finances never know what their balances are or how much debt they truly have. Once you see the total in black and white on paper, you may hesitate buying just a few things extra. At some point you need to get to a point that says, “I can’t afford any more”. When plastic cards convince you that you can afford anything that can be approved, you are not managing your money in the smartest way. Affordability is determined by your income not how high your credit limit is.

Income minus cost of living expenses is the best way to prove affordability. Direct lenders online will look at your bank statement to get an idea of how your money is being managed now. There is no credit check when processing approval status. This keeps your mistakes of the past out of the equation. It doesn’t take much to hurt your credit and it takes lots of hard work to bring it back up. Checking your bank statement gives the direct lender a chance to see how your current money matters are since the loan carries a short two week average loan. Multiple short-term direct payday lender loans are usually viewed as negative sing the payment demand can put a wrench in your upcoming expense budget. If you need to use alternative money to get through the holiday season, think about how you will pay the loan back as soon as possible before you actually apply. If you need to continue using these types of loans to make it through, then you should really stop and think about what you are buying and how much money you are truly spending just for one holiday. Setting next year’s finances into a deep hole is not the smartest financial choice. Save that for critical emergencies like something medical or loss of household income.

Take a good look at your personal financial portfolio before you charge another dime or search for a new online payday loans direct lender. Sometimes the critical decisions are the ones which come around every day. When you have a budgeted plan for living expenses and debt but continue to build new debt, you are putting additional strain on your budget. Know how much you can truly afford each month to pay towards your purchasing debt costs. Make sure you include interest as well. The fees for using third party money are often what make the purchases unaffordable. A sale is not a sale when you have more than tripled the cost of the item purchased as the debt sits in an unpaid credit card balance. Make a list of what you can truly afford and stick to it. It’s okay to make a holiday budget and still have a wonderful holiday.

Payday Loan Direct Lender Revenue Is Not So Grand After All

Do you think that a fast payday loan direct lender service earns large revenue from small short-term loans? The industry is often fingered as a booming business feeding off the perils of those less fortunate. Direct lenders cannot deny all accusations as a whole as they understand quite well how the practices of predatory lenders have made a name for the industry. The good news for borrowers is that there are many safe payday loan lenders not looking to eat their income for dinner.

With the postal service losing revenue from mailing charges, are they looking to move into the payday loan business out of hope to make up the difference? There may be quite a few lenders watching to see how their story will unfold. With short-term loan lending experience, responsible lenders can tell you that the industry as a whole does not earn large profits. How much money can you earn off of a $300 loan? In the finance world, a $75 finance charge is peanuts.

Like any other business, payday loan companies have overhead costs. These small fees must add up to cover building costs, employee salaries, benefits, taxes with some left over to cover losses. As there are borrowers who take their loan obligations seriously and do pay off their debt, there are others who don’t. There is bad debt which must be written off from those borrowers did not pay the loan back. It’s unfortunate to think that the behavior of some customers would maintain high interest costs for responsible ones. Direct payday loan lender services small loans with steep interest rates. Credit card companies have been forced to raise limits for more risky customers as well. Someone has to pay for a company’s loss.

What does it all boil down to? The USPS may not earn the revenue they had hoped for. On the other hand, with fast cash advances and alternative options for those without bank accounts the postal service may at least make some gains. They will learn that these customers may take 3-5 months to earn them, so they will need to be patient. The fees only become profit once the loan has been collected as well. Getting an interest charge payment cannot be considered profit until it measures above the loan amount. A borrower that takes out a $375 loan and pays $48 in fees over the next five months without returning the principle balance will actually show as a loss in the books. The fees are no way near the amount borrowed. In the meantime, the postal service will have business responsibilities to take care of. Where is the high revenue in that?

The USPS will have to lend to numerous borrowers before they will see any signs of profit. Where will they get their money to loan out? Do they have profits to risk on customers or will they have to borrow from the government or private sector themselves? If the USPS borrows money, they will have interest payments on top of lending costs. It shrinks revenue further.

Yes, it would be nice to have additional options for those who cannot acquire a bank account for whatever reason. It would be nice to have a place to cash a paycheck without large check cashing fees. The post office won’t do it for free, but it will cost less. Smaller finance charges will attract new customers. The postal service may find a new niche in the payday lending and check cashing industry. Time will tell if the service charges will support the overhead. How many new headaches will they want to deal with once they are introduced to borrowers that don’t find payoffs an obligation to borrowing money? It will be nice to have an additional responsible direct lender to add to the group to help erase reputation woes of the direct payday loan industry.