lowest rate payday loans

QC Holdings is Among the Companies in the Consumer Finance Industry With the ...

Below are the three companies in the Consumer Finance industry with the lowest price to sales per share ratios. Often companies with the lowest ratio present the greatest value to investors.

QC Holdings (NASDAQ:QCCO) is lowest with a price to sales ratio of 0.34. QC Holdings, Inc. offers payday loans in the United States. The Company also offers other consumer financial services such as check cashing, title loans, money orders, and money transfers. Thus far today, QC Holdings has traded 0 shares, vs. average volume of 6,000 shares per day. The stock has outperformed the Dow (0.0% to the Dow's -2.1%) and outperformed the S&P 500 (0.0% to the S&P's -2.3%) during today's trading.

Advance America Cash Advance (NYSE:AEA) is next with a price to sales ratio of 0.85.

In the past 52 weeks, Advance America Cash Advance share prices have been bracketed by a low of $4.70 and a high of $9.32 and are now at $8.27, 76% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

Finishing up the bottom three is Dollar Financial (NASDAQ:DLLR), with a price to sales ratio of 0.96.

Dollar Financial (NASDAQ:DLLR) has potential upside of 49.9% based on a current price of $19.25 and analysts' consensus price target of $28.86. The stock should run into initial resistance at its 200-day moving average (MA) of $21.36 and subsequent resistance at its 50-day MA of $21.88.

Low Interest Payday Loans: There's No Such Thing

Are you looking for low interest payday loans? If so, you will probably be looking for a long time because payday loans are notorious for their outrageous interest rates. Payday loans were created to fill the need for emergency cash and people in that situation often can’t afford to be concerned with the interest rates on the loan. They are in need of the money, no matter how much it will cost to repay it.

As you can imagine, since there is really no such thing as low interest payday loans, people often get into a financial mess by taking out payday loans. The payday loan has to be repaid in full in a very short amount of time, usually two to four weeks. And since these are not low interest payday loans, there is an additional fee tacked on of around 10%.

Payday loans work like this; you provide the proof to the payday loan company of your identification, banking information, and employment history and then the payday loan company will determine how much money you can borrow. The amount will vary depending upon your income and could be anywhere from $50 to $1000.

The reason people are attracted to these types of payday loans is because there is no credit check and they get the cash money in just a matter of minutes. The problem with the payday loan is that it must be paid back in full, plus interest, on the date of your next payday, and since these are not low interest pay day loans, the fees add up alarmingly fast.

That is very difficult for someone who is in financial distress so what happens to a lot of people is that when payday comes and they pay back the loan, they don’t have any money left over so they have to take out another payday loan and it creates a vicious cycle that is hard to break out of. This happens in part because these are not low interest payday loans.

Legally, a payday loan cannot be renewed; it has to be paid off and then can be taken out again in 24 hours. But by taking it out again in 24 hours which many people are forced to do, it makes the interest on the loan skyrocket.

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