Bath (PRWEB UK) 8 March 2012
With the news that the lenders associated with Online Payday Loans has increased to 40, the evidence that the payday loans market is growing has now gained weight.
‘We’re seeing a continual growth in the lenders,’ reports Steven Sutton, payday loans expert. ‘Not only is the lending market increasing but so is the competition.’
When asked about the effect a growing payday loans industry has on the economy, Mr Sutton explained; ‘It’s more like what effect the economy has on the payday loans market. Clearly mainstream loans are being rejected more than ever before because banks are so unwilling to lend. The consequence is a switch to payday loans. This can help, but only for those who properly understand the concept of a payday loan and know in advance when and what to pay back.’
‘The increase in lenders means, naturally, more people are seeking them and Online Payday Loans is working hard to find those lenders’.
Online Payday Loans is owned and run by AJInteractive.