Payday loans have been in the USA for some time now; indeed, there are many payday USA companies up and down the United States. The fact is that payday loans are not a new form of credit that people can use. They are actually a method of lending that have been around for some time – the use of the words ‘instant payday loans’ or ‘payday loans online’ are just verbs to describe the process of this unsecured from of credit lending. Looking to the past and the origins of payday loans one can see that there has been a plethora of unsecured loans, many of which come under different guises from as long ago as the 19th Century!
This is a question that we get asked many times here at USA Payday Loans. There is a section on our payday loans application form that requests some of the details of an employer – this does not however automatically mean that a payday loan lender would contact your employer. The reason for requesting this information is for the lender to confirm that a person is employed. This is one of the main factors in the payday loans online lending industry – corroborating an applicants employment status to ensure that he or she has the means to repay the payday loan.