Archive for February, 2010

1. Same day loans

   Posted February 28th, 2010

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   Sometimes you need cash at very short notice and immediately. By definition this may rule out banks, employers and other conventional lenders where extended application processes may be required – and that may mean delays. The good news is that same day loans exist whereby you can apply to get a cash advance on your next payday almost immediately.

   Fast access to money

   To use an example, you may just have spotted a fantastic bargain but the seller is not willing to hold it and will sell on a ‘first-come first-served’ basis. If you’re still a few weeks away from your payday you may need quick access to cash to clinch the deal.

   That’s where a type of loan called a payday loan may save the day. You just make an online application that’s very simple and you’ll usually get an almost immediate decision. If it’s positive, the money could be in your bank account in as little as 2 hours (assuming your bank can accept instant transfers).

   What’s required

   To be able to access same day loans, you’ll typically need:

   • an active UK bank account and debit card;
   • to be a UK resident at a permanent UK address;
   • to show that you’re in permanent employment and in receipt of regular, predictable income.

   You may even be able to secure this sort of loan if you have issues on your credit history.

   The mechanics

   A payday loan works very simply. As part of the loan application you’ll typically need to provide your bank details and your pay dates as well as confirmation that you are in permanent UK employment.

   Assuming the fast cash loan is approved, you’ll also be given full details of the interest and any charges (such as bank transfer fees). You will need typically to pay back the entire amount on your next payday or the one after that, depending on the date of the loan. As a general rule, the lender will debit your bank account directly with the agreed sum on the pre-agreed date and the loan is repaid.

   Same day loans offer fast access to cash and the ability to take out a loan without having to face long repayments of debt going over months and months ahead. They may give you the flexibility you need to get through a difficult month.

   Tags: same day loans
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2. A prepaid MasterCard debit card

   Posted February 26th, 2010

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   Why choose a prepaid MasterCard debit card over a credit card? Having a credit card has its advantages and its risks. On the plus side, a credit card may make available cash to spend if you’re short of funds at a given time. On the downside, having a standard credit card carries the risk of running up large debts that you can’t really afford.

   Yet in much of modern life, a piece of plastic is essential. As an example, it may prove difficult to purchase things over the internet without one. Yet even if you decide to take the risk of applying for and carrying a credit card, you may find that credit history checks are common and some people may not qualify. You also may face fees and charges related to non-payment or late payment of your monthly credit card bill.

   So is there a solution to this puzzle? Yes there is and it’s called a prepaid debit card.

   The prepaid credit card

   A prepaid MasterCard debit card is very similar to a standard credit card except that no credit (and therefore no debt for you) is involved. You have a valid plastic card that has a value that varies depending upon how much money you have loaded onto it beforehand.

   So you can load say £20 onto your card and know that you can spend up to £20 on it and no more. It may prove to be an excellent way of controlling your spending.

   Useful for children

   We perhaps sometimes forget as our children are growing older that more and more establishments are becoming ‘plastic only’ and if they’re out and about they may need a card to help them get by. The prepaid debit card may be a useful way of giving your kids a ‘set limit’ they can spend and no more.

   Security

   Having cash in your pocket may give you a pleasant feeling but that won’t last if someone steals it from you or you lose it. Having a prepaid debit card means you have spending power on you but if your card is stolen or lost, you only have to make a simple phone call to the card provider to block the card. It also cannot be used to spend more than you have loaded onto it anyway.

   Applications

   Prepaid debit cards are issued by specialist internet providers. Finding out more about a prepaid MasterCard debit card may be a good idea.

   Tags: prepaid debit cards
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3. Getting a payday cash advance

   Posted February 25th, 2010

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   Sometimes you may find that you’re a little short of cash and payday still seems a long way off. Getting a payday cash advance may just help you survive.

   There could be many reasons why that’s the case. That washing machine that’s just broken down or the child that’s just come in with their coat ripped beyond repair – things such as these may need cash ‘now’ and they just won’t wait until you next get paid.

   A payday cash advance operates to help you in such circumstances. It is a quick, same day loan facility designed to offer very fast access to typically smaller loan amounts. This form of cash advance loan is typically repaid in full on your next payday or possibly the one immediately after.

   This helps you keep in control by avoiding long-term debt repayment commitments.

   As these loans are aimed at smaller amounts advanced over shorter periods, the lenders are typically able to offer fast decisions and access to cash without lengthy formalities. As a general rule, all that’s required is:

   • you make an online application – you’ll typically get a quick decision;
   • if the decision is ‘yes’, the money will be sent automatically (often in less than 2 hours though it may arrive the next day depending on whether your bank can accept instant transfers) directly to your bank account;
   • on the agreed payday date, your bank account will be debited with the loan and charge amount as pre-agreed with the payday loan company.

   Of course, any loan requires that you meet certain minimum criteria but with cash advance loans the requirements may be less demanding than with other longer-term loans and may also not require a full, in depth credit check. To be eligible to apply for fast cash advance loan, you may need only to show that you are:

   • in permanent employment and receiving a regular salary;
   • not trying to borrow more than is sensible given your salary;
   • a UK resident at a permanent address and with an active bank account.

   As these loans are typically for smaller amounts repaid quickly, the lenders may even be more relaxed about problems with credit histories – providing these are not too severe.

   A payday cash advance could help you survive a crisis one month and may be a solution when a fast cash injection is needed.

   Tags: payday cash advance
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4. Instant cash advance – using money when you need it

   Posted February 20th, 2010

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   If you need money quickly, you need a loan type that’s going to provide it fast and not get bogged down in days’ of applications and decision-making. That’s where an instant cash advance may have a role to play.

   A fast world needs fast decisions

   Whatever the purpose, if you need a loan fast then you need essentially three things:

   • an easy to use online application process that avoids both lots of administration and the need to provide vast amounts of information;
   • quick decisions;
   • very fast access to the cash itself.

   This is what something called a payday loan is all about. It can typically provide you with an instant cash advance (or at least a very fast payday loan) and the minimum of fuss. The amount you borrow is repaid on your next payday, together with any interest and fees.

   Payday cash advances – how they operate

   There loans around that cater for large sums advanced over lengthy payback periods. These are typically used for buying cars; home improvements or other very expensive items.

   The payday loan is different. It may be able to advance sums to you that are typically smaller amounts to cope with a sudden expenditure need such as an emergency bill or the opportunity to snap up a bargain. Once you have the fast cash loan, you simply arrange to pay it all back when you next get paid, thereby avoiding long-term commitments and debts.

   They are typically available through the websites of the specialist payday loan companies. All you have to do is make a simple online application and you’ll get a quick decision. If approved, the money could be in your bank account within as little as 2 hours, or the next day, if your bank does not accept immediate transfers.

   Payday loans also do not have to cost a lot, either! In fact, they can often work out cheaper than going overdrawn on your bank account. (For comparisons, take a look here: http://www.speed-e-loans.com/high-street-banks.html )

   What you’ll need

   To qualify, you’ll typically need to show that:

   • you have an active UK bank account and debit card (to both receive the payday cash advance loan amount and to repay via direct debit the agreed repayment figure on a date you agree with the lender);
   • you have a permanent address in the UK;
   • you are in permanent employment and receiving a regular wage;
   • the amount you’re asking for is realistic when compared to your regular income.

   An instant cash advance may even be approved if you have some issues with your credit history. Finding out more may be a sensible move.

   Tags: cash advance
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5. What is a pre pay debit card?

   Posted February 20th, 2010

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   We all want to feel in control of our spending and having a pre pay debit card that you can use to make purchases may be extremely useful in a variety of circumstances.

   So, just what is a pre pay debit card (also known as a prepaid debit card)? A pre pay debit card is not like a regular credit card. You can only spend the amount of money that you have loaded onto the card at any one time. This means that there is less chance of overspending and possibly running up the credit bills that can so easily happen with a traditional credit card.

   Prepaid cards are available online from specialist card providers who may also be able to set up an e-bank account to complement the card.

   Flexibility

   This could mean that in addition to having the flexibility of the card itself, you could also have your salary paid directly into the account or set up standing orders to make payments on a regular basis. Giving you greater control of your money is the key here, as this can be a way for you to side-step your bank as all payments go out from the card – so no interest and no charges.

   The main strength of the prepaid card may be that you can use it like cash but without the risks involved in carrying around what could potentially be fairly substantial amounts of money.

   If you have ever reached into your pocket to find your money only to discover that it had fallen out or been stolen, then you’ll know only too well that the chances of you seeing that money again are almost zero. If the same happens to your card, you only have to contact your provider to put a stop on the card and prevent it from being used by someone else.

   Loading the prepaid card

   One of the features of a pre pay card is that it can often be managed online or you can credit cash to it using pay point facilities available in an increasing number of shops and outlets. Some providers – such as Speed-e-card – can top up an activated card using a payday loan from Speed-e-loans.

   Children can be especially vulnerable to losing money or having it taken from them so using a card may be particularly helpful for them as well as introducing them to the grown-up world of managing their own finances. This may be particularly true on things like school trips where they may need enough to last them for several days.

   Then, if there’s a phone call home on the last day to say that the pre pay debit card is empty and your present is still to be bought, you may be able to simply charge it up again online in a matter of minutes!

   Tags: prepaid debit cards
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6. Same day cash

   Posted February 15th, 2010

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   Many people have experienced the ‘bad month’. A pile of unexpected bills and sudden essential expenditure – however well you normally manage your monthly finances, these sorts of events can throw you into chaos. That’s when you may need to be able to call upon a same day cash loan.

   What is a same day cash loan?

   Sometimes you may need money – and fast! Conventional loans through banks may be fine for larger items but because of the sums involved, they typically require a detailed application process that may take some time to reach a decision.

   It is possible though to take out what’s called a payday loan. As the name implies, this type of cash advance loan is typically for smaller amounts to help you get through to your next payday – usually between £100-£250, though these amounts will vary depending on your chosen payday loan company.

   Once you do get paid, you repay the loan in full immediately (plus any interest and fees) and therefore avoid lengthy repayment schedules and commitments etc.

   How fast can it work?

   The benefit of dealing with smaller amounts over short periods is that the risks for the lenders are lower, so typically they can move faster than in the case of a conventional loan.

   The specialist providers of payday loans have websites through which you can make a simplified application and receive an almost instant online decision. If that decision is ‘yes’ then the money could be in your bank account within 2 hours – if your bank can accept immediate transfers. If not, then the money will usually be in your account the very next day.

   What’s needed to get a fast loan?

   Typically the requirements are simple. You’ll need:

   • an active UK bank account with a debit card usable against it;
   • a permanent job and regular income from it;
   • a permanent UK address where you normally reside;
   • to be asking for a payday loan that is within your financial ability to repay.

   Will bad credit histories be accepted?

   Typically yes – although it does depend on ‘how bad is bad’ and how much you’re trying to borrow. You may find that if you do have a poor credit history then borrowing smaller amounts rather than larger may increase the chances of your fast cash loan request being approved.

   So, if you need a cash advance on your payday, then looking at same day cash loans through the specialist payday loans companies on the internet may be a good idea.

   Tags: same day cash
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7. Getting fast unsecured loans – how payday loans can be a solution

   Posted February 13th, 2010

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   One of the reasons that a conventional loan application may take a long time to be reviewed and approved is that for larger sums, many lenders may seek security for your loan against some form of your assets (e.g. your home). If you need access to fast cash, lengthy administration delays are not going to help, so looking for fast unsecured loans may be a better idea.

   What are fast unsecured loans?

   If you’re borrowing a smaller amount of money, the lenders may feel that their risks are manageable and that they do not need to seek further security against your assets. This means less paperwork all-round and very possibly a much faster decision on your loan request.

   An example of such a loan is called a payday loan.

   What is a payday loan?

   A payday loan exists to provide borrowers with fast access to cash over a short term – typically the amount is repaid in full on your next or next-but-one payday. As the sums are smaller, the pay day loan companies may be able to offer an almost instant decision once you’ve keyed in a few simple facts about your fast cash loan requirements.

   On the agreed repayment date, the lender will debit your bank account to recover the loan plus interest and any charges (such as transfer fees) – all of which will again have been agreed with you in advance.

   Using a payday loan, you could have the cash advance money appear in your bank account less than 2 hours after it was approved, or the very next day, depending on whether your bank can accept immediate transfers. That’s fast!

   Can anyone get a loan like this?

   Anyone borrowing money needs to meet certain conditions. In the case of fast payday loans, the specialist internet providers of payday loans try to keep these to a minimum. They typically include:

   • holding an active UK bank account and debit card;
   • being in permanent employment which provides permanent income;
   • having a permanent UK address.

   Bad credit histories need not be a problem depending upon the severity of the issues and how much you’re trying to borrow.

   Fast unsecured loans when used responsibly may help you deal with a short-term cash flow problem (such as urgent car repairs or an unexpected, urgent bill) or take advantage of a buying opportunity (for example, something that is on sale for a limited period only).

   Tags: fast unsecured loans
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8. Quick cash loans – can they be found?

   Posted February 13th, 2010

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   Imagine the scene. You’ve just seen that one-off bargain but your payday is still a few weeks away. The seller says that they’ll only hold it for 24 hours and you know that it may take days to apply and get hold of a formal loan. What you really need is access to quick cash loans to strike the deal.

   Do such things exist? Yes, they do and they’re called the payday loans.

   Short-term cash loans

   Whether it’s for a potential bargain or an unexpected bill, you may be able to get money into your bank account quickly to help tide you over until your next payday.

   The fast payday loan exists to make available to you fast cash injections until your next (or next but one) payday at which time the loan is fully paid off (plus any interest and fees) and the matter is closed. No lengthy repayment schedules and lingering debts!

   All that you need to do is to make a simple online application. If your cash advance loan application is accepted, the cash will typically pop-up into your bank account within a couple of hours or possibly the following morning in the case of some banks.

   As part of the approval you agree with the lender the exact repayment date and amount. On the agreed date they will debit your bank account to recover the loan and related charges. It couldn’t be easier.

   Formalities

   These types of quick cash loans are typically far less bureaucratic in administration than loans for larger amounts that are being repaid over lengthy time periods.

   To be eligible to apply for a cash advance payday loan you will generally need to be seen to be:

   • in permanent employment;
   • receiving regular income;
   • residing at a permanent UK address; and,
   • in possession of an active UK bank account and debit card.

   The amount you’re looking to borrow as a payday loan will need to be sensible in relation to your income level.

   Even credit history problems may be acceptable given the nature and duration of this type of loan though as with all lending, the loan provider will reserve the right to decline your application if your history is particularly bad or they feel that giving you a pay day loan may not be right for your circumstances.

   Quick cash loans may help you when you desperately need a short-term cash injection, and not just for when you see a bargain! They can be of particular use for when you get hit with unexpected costs that you have not budgeted for such as a domestic appliance breaking down; car repairs; vet’s bills etc.

   Tags: quick cash loans
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9. Benefits of a pre paid debit card

   Posted February 10th, 2010

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   For some people, having a credit card may seem like a bit of a temptation to spend. While cutting up all of the plastic in your wallet may seem like a good idea to keep temptation at bay, in today’s modern world it can be difficult in certain circumstances to manage without a card of some sort. Fortunately what’s called a pre paid debit card may be the answer to the dilemma!

   In fact, this form of plastic card is not really a credit card at all. When you use them, the money you spend is money that you already have loaded onto the card either as cash sum or a bank transfer. The cash loaded on the card is the maximum that you can spend, giving you control over your money – and no late payment or interest charges.

   This typically makes a pre paid debit card a safe and simple way of paying for items:

   • you don’t have the risks of theft or loss that can sometimes accompany carrying large amounts of cash;
   • if the card is lost of stolen, you just notify the card provider and ask for a stop to be put on the card. This prevents someone else from being able to spend your money;
   • you also have the convenience of being able to purchase things where a card is essential, for example items on the internet or over the telephone.

   Prepaid cards are available from internet online providers. Because they are not credit cards and will only allow you to spend what you already have, you may find that credit history checks are not necessary.

   Some prepaid card suppliers also provide e-bank accounts. An e-bank account, if it is available from your prepaid card provider, can typically provide you with many of the benefits of a standard bank account. You could have your salary paid straight into it for example and it is possible to set up standing orders to make regular payments. You can manage your funds online and view recent transactions and statements.

   If you find that you do need cash in hand, you can use the pre paid debit card in just about any standard hole in the wall machine. In common with many other types of cash card though, you may find that the amount of cash you can withdraw in any one day is limited (say to £250 per day, though this may vary depending on your provider).

   Tags: prepaid debit cards
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10. Immediate cash loans

    Posted February 9th, 2010

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    If you’re in need of urgent cash then a loan may sometimes be necessary. However if your need is urgent, what you probably won’t want to hear is that it’s going to take several days to make a decision on your loan request and then several more to get the money to you. That’s why immediate cash loans may be of use.

    Immediate cash loans – the payday loan

    A payday loan may be ideal if you need a relatively small amount of cash and fast.

    Why is it called a ‘payday loan’? That’s because it works on the basis that you borrow the money for your urgent need and then pay it back when you next get paid. It’s as simple as that!

    How it works

    Through the specialist online payday loan companies, all that you need to do is make an application in the space of a few clicks. You will then receive a quick decision. If it’s ‘yes’ then with some lenders the money will typically be paid into your bank account within 2 hours – or by the following day if your bank is unable to accept instant transfers.

    The payday loan lender will give you full details of the loan repayment date and any interest charges and transfer fees. On the agreed date they will then debit your bank account for the full amount, your cash advance loan will have been repaid and the matter closed.

    What you’ll need

    The really good news about that type of loan is not just that it’s fast but also relatively simple to apply for. You’ll typically need to show only a few basic things including:

    • you have a permanent job that provides regular income;
    • the amount you want to borrow makes sense in terms of your income;
    • you are UK resident at a permanent address;
    • you have a bank account and debit card.

    Even if you have some question marks against your credit history, you may still be able to secure this form of loan, as the sums are typically smaller.

    So, if you are looking for a fast loan, the good news is that immediate cash loans are out there on the internet if you need them.

    Tags: immediate cash loans
    Posted in payday loans | No Comments »

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