Uploads Fact Sheet on Top Ways to Borrow Responsibly

Finance website announces that it has published a fact sheet on responsible borrowing. Aimed towards consumers living within U.S. states that prohibit payday loans, the resource can be read for free on the website

Mar 25, 2013, 09:00 ET from

ATLANTA, March 25, 2013 /PRNewswire/ -- is a new consumer finance site that helps connect individuals to short-term lenders. Payday loans are an accessible and convenient way to increase spending power in emergencies and can be effective when used responsibly.

As currently 13 U.S. states do not permit the use of certain short-term loans, the site has decided to compile a fact sheet on other forms of responsible, low cost borrowing. Entitled, "Top Way to Borrow Responsibly: The Pros and Cons," the fact sheet is available for free on the page. made the announcement in the following statement that was released to the press.

" is committed to helping consumers make responsible borrowing decisions. For the individuals that live within U.S. states and districts where payday loans are available, such loans can be a highly useful and readily available form of extra cash. But the prospective borrowers living out of bounds of eligible areas need to know some alternative options when payday loans are off the table."

The statement continued, "For this reason, has researched some top alternative to those loans. We invite consumers to read our free fact sheet and consider the pros and cons of each with an objective mind. Any form of borrowing is a formal financial obligation that should be taken seriously."

The fact sheet offers suggestions of dipping into a retirement 401(k), considering a second mortgage to release home equity, or even a newer concept of peer-to-peer lending. In the interests of balance, the sheet considers the advantages and disadvantages for each possible course of action.

For example, two positive attributes of the retirement plan loan option can be the low interest rate and the fact that the borrower is also the lender. This means that the interest paid goes straight back into the retirement plan. Conversely, the risk of job loss would trigger a pay-back clause meaning that the loan would have to be repaid within 60 days or less. The guide determines that this option is most suitable for an individual with the means to repay early if necessary.

To read the fact sheet in full, visit:

Sam Malka
Tel : +1-323-544-5526