Congress Attempting to Render Americans More Financially Helpless With Attack On Pay Day Loan Companies States Payday Loan Solutio

Americans already burdened by economic turmoil may soon experience more financial pressures as congress battles Payday Loan Companies in an attempt to shut such services down.

(prHWY.com) February 14, 2012 - Dallas, TX -- Payday Loan Solutions reports another attempt is being made by the US Congress to do away with online loans that is rendering low income families utterly helpless when financial loan assistance is desperately needed. The once easy outlet for financially distressed families is threatened as Congress crack's down that may leave people no longer able to receive financial help.

Payday Loan Solutions explains that the struggling American economy has left millions of Americans in financial predicaments as banks refuse to warrant loans to the public when poor credit or lack of collateral is found; banks turning away people do it without second thought, which has left people helpless to search for other outlets of financial assistance.

Despite the proof that the Payday Loan Industry has been providing much needed assistance to families' country wide, Congress seems to enjoy making the industry out to be some sort of underground loan sharking network bleeding people dry. Payday Loan Solutions states that the statistics state otherwise. Almost 20 million households benefited from emergency cash loans in 2010 with a total of $40 billion obtained from cash advance companies that provided the payday loan in particular. What's more is that congress seems to have ignored the statement of the Federal Reserve in 2009 after research of the payday loan industry that concluded a vast majority of customers that received payday loan were happy or satisfied with the service and terms.

Payday Loans Solutions believes that the current accusations being presented by congress are another attempt to render Americans even more helpless during times of financial crisis since the claims are based upon no premises that statistics display. Payday Loan Solutions further states- "Cash advances are a necessity for many families to avoid financial pitfall thus the services, even though nontraditional, should not be pinned as loan sharking scheme as it offers aid to the public."

About Payday Loan Solutions

Payday Loan Solutions is a premier outlet for offering affordable timely payday loan solutions to the public consisting of a loan processing program designed to make loan processing easier than traditional models of delivery.

To Read more information about the Congress crackdown is then please visit: http://www.paydayloansolutions.net

###