Medford, NY -- (SBWIRE) -- 10/25/2011 -- Pay Bill Buddy, like many other payday loan lending companies online, claims to be a buddy to its borrowers and help them out of their difficult financial situation between paydays. Payday loans are the main solace to people who have pressing financial demands and cannot go for the traditional lending institutions for borrowing owing to their bad credit history. Pay Bill Buddy offers payday loans to people with a bad credit and payment history too.

“Borrowing from online lending institutions can be really tricky if one does not read the fine print thoroughly. That is the basic reason why we insist our borrowers to go through the entire application process thoroughly and then only apply. We of course, follow a very transparent procedure and have everything set straight between the two parties in order to avoid any kind of confusion. There are many instances when people, I mean the borrowers, feel they have been cheated and were not informed well in advance about the different types of charges. So, we give them advice and guidance too just like a buddy and live up to the name of our online lending company,” said the Head, Pay Bill Buddy.

There are numerous advantages and disadvantages as well when people opt for the payday loans as their only financial solution to the emergency they are in. People tend to go in for these loans despite the disadvantages because they are well aware of the convenience and the speed with which money comes by through this procedure. The urgency of the money is another factor that makes people opt for these loans time and again despite the high rates of interest.