Pay Day Loan, Payday Loan, Payday Loan Online - **** Niche

I generally try to stay away from the loans and mortgages niche, but pay day loans (or payday loans, if you prefer this spelling) has been quite good for me.

The payday loan industry is a very profitable but very risky industry. Essentially they provide a cash advance until the pay day, and these loans are very expensive. In fact, the Federal Trade Commission (FTC) has a special section devoted to payday loans. Here is what they say

The ads are on the radio, television, the Internet, even in the mail. They refer to payday loans - which come at a very high price.

Check cashers, finance companies and others are making small, short-term, high-rate loans that go by a variety of names: payday loans, cash advance loans, check advance loans, post-dated check loans or deferred deposit check loans.

Usually, a borrower writes a personal check payable to the lender for the amount he or she wishes to borrow plus a fee. The company gives the borrower the amount of the check minus the fee. Fees charged for payday loans are usually a percentage of the face value of the check or a fee charged per amount borrowed - say, for every $50 or $100 loaned. And, if you extend or "roll-over" the loan - say for another two weeks - you will pay the fees for each extension.

Under the Truth in Lending Act, the cost of payday loans - like other types of credit - must be disclosed. Among other information, you must receive, in writing, the finance charge (a dollar amount) and the annual percentage rate or APR (the cost of credit on a yearly basis).

That’s it for today, folks.

If you want to pick up a couple of hot tips how to double or quadruple your AdSense income, without chasing more traffic, read The AdSense Code: What Google Never Told You About Making Money with AdSense

In order not to violate Google TOS, I rate niches with my own star system. ** - $0.20-$0.30 per click average, *** - $0.30-$0.50 per click average, **** - $0.50-$0.70 per click average, ***** - $0.70-$1.20 per click average. While I don’t mind sharing information on ***** niches, I don’t make this information publicly available because it would quickly kill these niches or get Google pissed off at me.

All AdSense niches were tested by me personally and your results shouldn’t be very different, unless your account was smart-priced, too much time passed since my testing, MFA got a hold of the niche or your site or traffic source sucks big time.