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Payday Loans Online

Originally all payday loans were from companies that were located in shops. These were called “brick and mortar” operations. This description means that they have physical locations rather than an online presence.

Payday Loans Online

In around 2005 to 2007 payday loans started to appear online. Companies were able to undertake all the identity checks and personal checks of applicants for payday loans online. They were able to send the money electronically and from this online payday loans were born.

More payday loan companies are online now than have shops. It is far more costs effective to be online than have a shop.

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For more detailed information on Online Payday Loans follow this link.