www.FatMoneyLoans.com

If you are living paycheck to paycheck, you are not alone. A recent study by the Financial Industry Regulatory Authority Investor Education Foundation shows that over half of all Americans living paycheck to paycheck.

Of the 55 percent of Americans in a paycheck to paycheck financial situation, a great number are spending more than they are making and therefore incurring debt.

60 percent of all Americans do not have sufficient savings to provide for unexpected emergencies, leaving them to turn to short term small amount loans to make ends meet when an unexpected situation arises.

Only 16 percent of Americans are currently satisfied with their financial situation, and 28 states have noted a 50 percent or greater drop in income in the past 12 months.

All of these financial findings have shown why the current average for non-bank borrowing in the United States has risen to 24.3 percent, while states like Mississippi, Montana, South Carolina, Oklahoma, and Wyoming have even higher averages (up to 34 percent!)

People are turning to payday loans to get quick cash when they are in a tight spot financially. These loans usually range from $200- $1000 and are lent out over a two week to one month period, or until the borrower's next payday.

Unlike title loans, payday loans do not require any form of collateral, but many payday companies electronically secure the amount owed from the borrower's bank account when the loan comes to an end.

These loans can be extremely beneficial for Americans who encounter a financial emergency and don't have the funds to remedy the situation. Some of these tough money matters involve medical expenses, household maintenance, car upkeep, or even just day to day expenses like a hefty grocery bill or a school expense.

Some states have outlawed payday loans, or severely handicapped them with interest rate caps. The majority of states still allow their citizens this beneficial way to get cash quick.

Online payday loans offer money with the click of a mouse. These loans are especially convenient for men and women who possess little or no credit, and therefore cannot obtain a loan from a bank. Most companies do not even run credit checks and instead require their potential borrowers to fill out a general application that requires only basic information.

Online payday loans take just minutes to apply for online, and most approved borrowers can plan to have their cash within 24 hours. So if you are in the majority of Americans that are struggling to make ends meet, don't hesitate to apply for an online payday loan today and get the cash you need to remedy your emergency.