Payday Loans are the most commonly used mode of financing in America today with millions of people taking advantage from them for fulfilling diverse needs. With the rapidly growing demand of the loans, many loan providers are entering into the payday loan industry, offering different types of loan and financial solutions. Since there is an influx of payday loan lenders in the market, people find it challenging and a bit risky to pick up a loan lender, fearing they might fall a victim to some scam.
Now this problem has been solved by various payday solution companies that operate solely for the purpose of suggesting reliable payday loan providers to the people keeping in consideration their monetary requirements. Whether a person wants to take a small amount worth $100 or an amount as big as $1500, the payday loan solution providers’ serves to enable the borrowers to get the best short term loan appropriate for their need at the most convenient rates. As far as the variety of payday loans are concerned, each lender comes with unique offerings. But the fundamental kinds of loans that are sanctioned by almost every cash advance lender are discusses below.

Unsecured Payday Loans
The cash advances are mostly unsecured that is they do not have any collateral requirement. These are most customer- friendly as borrowers don’t need to worry about submitting property or car documents as collateral and then have the fear of losing them in case of default. Payday loan lenders offer a considerably high rate of interest on these loans as there is a huge risk involved in sanctioning unsecured loans on part of the lenders

No Credit Check Loan
Another feature of online payday loans that appeals to the masses is the availability of these loans without any credit check. People who don’t have a clean payment record are also eligible to avail the benefits of these short term easy funds. This is especially a ray of light for people who have limited incomes along with poor credit history as traditional loan lenders don’t grant advances to such people.

Credit Cards
Credit card can come in useful but the requirement for applying for credit cards are pretty complicated and formal and is hard for a lower income citizen to avail the benefits of credit cards.

Log Book Loans
If you need an advance for a higher sum of money ranging from $500 to onwards, these loans are a good choice. They are not equally popular as most payday loans but are a smart alternative for someone who seeks to take a bigger amount. Log book loans are secured against the borrower’s vehicle rather than a house or any higher value asset.