If not for the news section, Payday Loan ABC is just a me-too payday loan site that seeks to solicit online applications from people in bad credit and in urgent need of cash. It provides up to $500 next-day cash advance to almost all states (excluding AR, CT, GA, NJ, NY, PA, PR, WV, and VT). All you have to do is to fill up a quick application that usually includes a paystub copy, a voided personal check, recent bank statement and contact information. Funds are usually deposited to your checking account in the next business day.

The news section of Payday Loan ABC is certainly interesting. It is definitely not for payday loan applicants -- it tracks legal developments, federal agency research, regulations and industry trends. Of course, its editorial most favors the businesses in the payday loan industry, but still, it makes good readings if you, like me, are curious about the ins and outs of the industry.

I will never apply for payday loans for sure -- I have enough cashflow and emergency fund that are more than enough to carry me through bad times -- but I do believe in free market. As long as all information is adequately disclosed in plain English, there is a reason for the industry to provide a useful service to the general public, even though high interest rates are charged.

(While the above is a sponsored post, PFBlog is not required to provide a favorable review. Quality time was spent to study the subject website in completing this post in order to give an independent opinion.)