The payday loan industry claims they serve a need; providing access to cash in the form
of short term credit, where traditional credit sources are not available.
The evaporation of the global supply of
short term credits within hours or days of the Lehman failure is, I believe, without historical precedent.
Most significantly,
short term credit nose - dived 8 percentage points to 60.22 % of South Africans whose accounts were paid in «current».
This can affect
your short term credit score (history?)
Get easy access to
short term credit and take care of those unexpected expenses.