Medford, NY -- (SBWIRE) -- 11/16/2011 -- Finances are a necessity at one point in time or other for everyone. Light Payday Loan claims to offer payday loans to borrowers for amounts beginning from $100 to $500 and above basing on the eligibility criteria that are set on board and the salary that the borrower draws every month. The company has a few eligibility criteria to screen the applicants and claims to approve almost every applicant without being harsh on them even with their poor credit history.

When contacted regarding whether they would approve the applications of borrowers with bad credit history, its Owner replied, “Yes, we do approve the applications of borrowers who suffer from a poor credit history too. Actually the main aim of our existence here in the payday loan market is to provide the borrowers with bad credit history some financial relief, of course short term only, through our payday loans.

It is truly a heartening fact that payday loans have been received extremely well by people of all sections. Financial emergencies are the same for all, whether it is people with poor credit or people with bad credit.”

Basing on the salary drawn by the applicant and considering his repayment ability, the amount that could be granted is ascertained. It is not necessary that one claims as much amount as the individual is found to be eligible. This would entail paying in a huge interest rate.

It is therefore considered ideal to apply only for that much amount which is necessary to meet up with the impending financial emergency.

The online payday loan lending company claims to sanction the loan in minimum possible time so that the emergencies can be met as per schedule.