http://www.allaboutpaydayloans.com/payday-loan/payday-loan-online.html A payday loan online is supposed to be fast and supposed to be fully automated. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 For all you people applying for payday loans online, remember this: everything in your loan is going to be automated. Application, delivery, even the withdraw - its all performed by computers. Its the payday loan we've all dreamed about, we've all asked for and all expect, but it turns out many people just aren't ready for the speed and merciless efficiency of the payday loan online . It never stops with a payday loan online By applying for a payday loan online you are agreeing to all the terms of the application, deposit, and repayment procedures of this payday cash loan: You're agreeing to a direct deposit of funds into your checking or savings account. You're also agreeing that on the date of your next paycheck the money -plus the loan fees - will be directly withdrawn from that same account. Remember that, and remember that if you for any reason need an extension on your payday loan online you need to call your lender and specifically ask them for that extension. They'll be more than happy to do so - their roll-over fees are the money making machines of the fast payday loan industry - but they'll be more than happy to tap into an empty account and charge a roll over fee plus and insufficient funds fee. Make sure you are on top of repayment Why would a lender offering a payday loan online take pleasure out of insufficient funds? Simple - they'll still get paid and you'll have a harder time doing it., The longer you take to repay your online payday loan the more profit it means for the lender. How much profit? Well, at 20% every two weeks its easy to see the escalations are incredible. BUt the system is fully automated - you're lender isn't doing anything underhanded or against their policy. Its just that its a poorly designed policy causing thousands of people to fell into sever personal debt, and until someone comes along to shake up the payday loan online industry these trends - and these unnecessary debts - will continue. Sat, 26 Jul 2008 15:00:00 EDT