|By PR Newswire||
|January 16, 2014 07:05 AM EST||
HOUSTON, Jan. 16, 2014 /PRNewswire-iReach/ -- Pragmatism dictates that sometimes a disease state may serve as its own antidote, and that apparently happens to be case this year for low interest loans. In a widespread move, millions of consumers are resorting to low interest loans as a potent weapon to reduce or eliminate longstanding debt. Many have successfully repaid the higher end counterparts and have started mobilizing the savings toward principal repayments, a move which many could not conceive of just until last year.
Apart from the practicalities of the strategy, consumers are increasingly adopting the opportunity to take advantage of low interest loans that may not remain that way for very long. Yahoo Finance recently reported that the federal government has been making monthly bond purchases to maintain interest rates at relatively lower levels. The government is apparently scaling back from the "financial honeymoon". While this trend may soon run out of steam for long term loans, short term loans apparently remain untouched.
Not surprisingly, financial markets appear to be eager to raise market rates in response to these changes. 2014, though, appears to be the final frontier when it comes to crossing the threshold for higher interest rates and that happens to be the primary reason why borrowers are eager to take advantage of prevailing interest rates, especially for long term loans such as mortgages.
"With short term loans, the scenario is completely different. In fact, we have extended our deadline for applications related to low interest short term personal loans to May 30, 2014. This was a necessary measure considering the qualified pool of applicants interested in applying for low interest rate loans in Q1 and Q2. Our initial deadline was January 31, but we have extended it so that qualified borrowers can take advantage of substantial savings," says Johnny Gordon, CEO and loans specialist with http://www.payday-loans.org.
http://www.payday-loans.org/ has been a super-specialist of sorts in the loans marketplace. The company has developed a strong reputation for offering rock-bottom, low interest rates to credit-challenged customers. In fact, their competitive pool of lenders have been catering to both the prime and sub-prime segments with equal dexterity.
Currently, nearly a third of the nation is plagued with credit-related problems and extending the deadline for these individuals is being hailed as a historic (but sound) strategy by many industry pundits.
"The markets are returning to normalcy and order and I don't see any reason why interest rates for short-term loans should be raised by any measure. It would be counter-productive to the direction the economy is headed toward," explains Gupta a number-cruncher and financial analyst with Gordon's company.
In addition to payday loans, Johnny's team offers a wide range of loan options, such as cash advance loans, auto loans, business loans, personal loans, mortgages, and several hybrids that cater to the specific needs of borrowers.
"Innovation is more than a culture with us. It is our fundamental philosophy," wits Gordon in his widely-recognized tone.
Media Contact: Johnny Gordon, Payday Loans Organization Ltd, (818) 533-1996, [email protected]
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SOURCE Payday Loans Organization Ltd