Readers of this blog will appreciate that we are not great fans of payday lending operations. As we noted in one recent article, there are aspects of the service that can make it attractive. The borrower of such a loan doesn't usually have to put up collateral, though some consumers do go so far as to risk losing their vehicles by tying loans to their car titles.
Borrowers also don't have to worry too much about what their credit score is. These lenders don't usually care if you're a good risk or not. In fact, high-risk borrowers are their bread and butter.