Archive for March, 2010

1. Competition starts today

   Posted March 31st, 2010

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   Say what you’d spend £250 on right now – and stand two chances to win it!

   To celebrate having 10,000 applications since their launch, payday loans company Speed-e-loans.com are offering visitors to their website two chances to win £250 – and all they need to do is to send in a short video describing what they’d do if they had £250 to spend right now!

   The competition starts today and there are two ways in which submissions can win. The first is by being voted the Best Video as judged by Speed-e-Loans themselves.

   The second £250 winner will be the video with the most views by the closing date (all videos will be uploaded to the Speed-e-loans YouTube Channel).

   Gary Miller-Cheevers, CEO, from the company says: “To celebrate having 10,000 payday loan applications since our launch in February and because £250 is the highest amount first time visitors to our site can borrow as a payday loan, we thought we’d celebrate by running our video competition.

   “We also really like the idea of using web video as a way for our visitors to interact with us. Finding out in a fun way what kinds of things they would spend their money on is a great way to carry out some customer research. The competition idea is not only as a way to celebrate our success, but to incentivise responses and to make more people aware of our business in a fairly novel way.

   “We hope this will become more than a one off event and become an integral part of our reaching out to the online community.”

   The competition starts today and closes at midnight on May 28th – UPDATE -  a new competition is running now until Friday 31st December 2010. For more information, full competition terms and conditions and to see two example videos, please visit: http://www.speed-e-loans-blog.com/competition/.

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2. Looking for fast payday loans?

   Posted March 31st, 2010

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   Let’s face it – any of us can run a little short of money from time-to-time, no matter how well we have budgeted. That may not be serious, unless it just happens to coincide with an unexpected expense that has to be dealt with immediately. That’s where fast payday loans may be able to help.

   The basics

   A payday loan, as its name suggests, is a short-term cash advance taken out then repaid in one go – typically on your next payday. It’s a way of helping you get through a difficult month or alternatively, of taking an opportunity that’s just crossed your path when you’re not well positioned to take advantage of it.

   On your next payday (or sometimes the one after that), the loan is repaid in full together with any charges due (this may include a bank transfer fee). The lender will place a debit directly on your account for a previously agreed amount. Once paid, your debt is clear.

   The advantages

   A payday loan is typically applied for online and a fast decision is made. If it’s yes, the loan amount is transferred directly to your bank account. It could be there within a day or so, or even as little as two hours if your bank accepts immediate transfers. There is no fuss, typically no paperwork, and no lengthy decision-making chain.

   That’s why they’re called fast payday loans!

   If you already have an active Speed-e-card (which is a prepaid MasterCard) a payday loan from Speed-e-loans allows you to put the loan onto the card to give you the security and flexibility offered by having plastic in your pocket – without the risk of getting further into debt.

   Credit history troubles

   As with any loan application, the lender may perform a credit reference check, but typically this will be a fast check, rather than something more in-depth. The good news is that as the cash advance loan amount is likely to be smaller than many and repaid very quickly, you may find that modest credit reference problems will be accepted. So, bad credit payday loans may still be available to you.

   What you’ll typically need

   The requirements for applicants are typically simple including:

   • a bank or building society account in the UK with an affiliated debit card;
   • permanent employment providing regular income;
   • a regular and verifiable permanent UK address;
   • being aged 18 and over.

   Using fast payday loans may be an efficient way of supplementing your monthly finances if things are a little tight. And, with the cost often working out cheaper than using a bank overdraft, it may work out cost-effective too.

   Tags: fast payday loans
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3. Same day payday loans – fast access to cash

   Posted March 28th, 2010

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   Sometimes if you need a fast cash advance, you need it fast! A product does exist that may be able to help – it’s called a payday loan. It may even be possible to obtain same day payday loans.

   Payday loans – a flexible facility

   If you’re thinking of buying a car or a house, then the sums are so large that you may be willing to fill out lots of paperwork and wait for lengthy periods for the lenders to review and reach a decision.

   In the case where you need fast access to smaller amounts of cash and for a short period, such an approach may not work.

   As an example, perhaps you’ve just been given the opportunity to purchase something at a snip but you’re still three weeks away from your payday and the seller just won’t wait. Or maybe your pet cat has had an accident and his vet’s bill is huge. What you need in that sort of situation is fast access to cash without lots of administration and delays.

   The payday loan may offer just that. You can typically apply online and get a fast decision. If that decision is positive, the loan will be transferred directly to your bank account.

   Same day payday loans

   In the UK some banks may be able to accept immediate bank transfers. If that’s the case your cash advance loan could be in your bank account the same day (often within two hours, depending on who your payday loan company is) but typically it will arrive within a day or so depending upon weekends etc.

   Requirements

   As the loan will be paid into your account, clearly you’ll need an active UK bank account. You’ll need to be resident at a permanent UK address and in permanent employment that generates a regular wage or salary. You’ll also need to be over 18 years of age.

   Paying back

   One of the real attractions of the payday loan is that you don’t have an extended period of debt. The lender will simply debit your bank account on your next payday to recover the loan plus their interest and other charges – at that point, the loan is over and you’ve no residual debt!

   Applying for same day payday loans is easy and they may prove a lifeline if you’re having a difficult month.

   Tags: same day payday loans
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4. How to compare prepaid cards

   Posted March 27th, 2010

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   If you are shopping around for a product, you need to know the criteria to use to distinguish between them. So to compare prepaid cards, what should you be looking for? You could start by asking the following questions.

   Is there an initial fee?

   When the card is issued, some providers charge an admin fee for producing it. They might also charge for the postage and packaging costs involved in sending it to you.

   What are the monthly fees?

   Some card providers charge a monthly fee to cover the administration costs of running the scheme. Other card providers do not charge monthly fees, but make their money in other ways like transaction fees.

   Does the card issuer charge transaction fees?

   Transaction fees can be charged for withdrawing cash, or making purchases. When you compare prepaid cards, you will find that card issuers might score well on one criteria, but no so well on other. In that case, you need to weigh up the overall costs of the fees and charges involved to assess how much it would actually cost you to use the card every month. For instance, if you do not get cash out very often, then it does not really matter whether your card provider charges for this service. However, if you withdraw money every day, this will be more of an issue.

   Is the card easy to top up?

   Some card providers have an arrangement with the Post Office, so their customers can pay in cash over the counter which can be credited directly onto their card. Also, at PayPoint terminals in shops (which are also used for gas and electricity), you can also upload money to your prepaid card. You may have to pay a fee for this service.
   Other ways of getting funds to your prepaid card include direct bank transfer, telephone banking and having your wages paid directly in.

   If you have a Speed-e-card (which is a prepaid card), this can be topped up with a payday loan from Speed-e-loans, as long as the card is activated.

   Is the card widely accepted?

   Consider also where cards are accepted. Widely available services like VISA, Maestro and MasterCard are accepted in most retail outlets. You should also be able to access your funds using an ATM with these brands.

   Can the card be used abroad?

   Finally, when you compare prepaid cards, make sure that you choose one that fits your lifestyle. So if you have a few foreign trips coming up, select a card that can be used abroad.

   Tags: payday loans, prepaid debit cards
   Posted in payday loans, prepaid debit cards | No Comments »

5. Getting hold of quick payday loans

   Posted March 24th, 2010

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   If you’re looking for quick payday loans then there are some specialist providers who have websites where you can apply.

   Payday loans are targeted at people who are in employment and who find that for whatever reason, they need a short-term cash injection to get them through till their next payday.

   Quick payday loans can be used for anything you want. It could be to cover emergency car repairs; a final demand for a forgotten about bill; or you’ve maybe seen something you want at a bargain price that’s not going to be around for long.

   The application itself may ask for details of your wage or salary and your next pay date. You may also have to provide your bank account number and details of an associated debit card. Last but not least you’ll need to decide how much money you want to ask for.

   Payday loans by their nature tend to be for relatively small amounts (say from £100-£250), which can be easily paid back from a regular wage or salary.

   Following your application you’ll get a decision quickly. Part of the application process may include a quick credit check. Your application won’t necessarily be rejected if you have had credit problems in the past. You may find that you still qualify for a loan but it may not be for the full amount you asked for.

   Once everything has been finalised, including your agreement to the interest and other charges that may apply to loan, the approved amount will then be paid directly into your bank account. If you have an active Speed-e-card (which is a prepaid debit card) then a payday loan from Speed-e-loans can be paid directly on to the card.

   When your next payday comes around, your account will automatically be debited with the agreed amount.

   These loans are not designed as long-term arrangements. They typically need to be paid back on your next payday. After that, if you have the need to apply again for another loan in the distant future, you can.

   If you do apply for other quick payday loans at a later date you may well find that you may be able to borrow a bit more as a direct result of having paid the first one back in full and on time.

   Tags: quick payday loans
   Posted in payday loans, prepaid debit cards | No Comments »

6. Internet payday loans – help in tricky times

   Posted March 21st, 2010

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   If you’ve ever applied for a loan, you may have sometimes been appalled at the amount of paperwork that was generated and wondered just how many trees had to be cut down to make it all possible. Fortunately, internet payday loans are both more eco-friendly and also a lot faster.

   What are internet payday loans?

   It could be that you’re having one of those months. Suddenly you’re a little short of cash and payday is still a little way away.

   A payday loan may be a solution. It is a fast cash injection that goes directly into your bank account based upon a simple online application (assuming the application is successful of course).

   Typically on your next payday (or possibly the one after depending on the timings), the lender debits your bank account to recover the loan plus their agreed interest and other charges. The loan is then concluded and you have no residual debts.

   All this can be done online and without the need to cut down half a forest for the paperwork!

   Are they available to everyone?

   While terms and conditions can vary among payday loan companies, typically anyone that’s over 18 is free to apply. For your application to be accepted, you’ll need to have a permanent job, receiving regular wages or salary and have an active UK bank account. You will also need a permanent UK address.

   Contrary to what you may expect, a cash advance loan of this type might not demand an exemplary credit history. You’re borrowing less and for a very short period so some problems on your credit files may be acceptable.

   Once you have successfully repaid your loan, you are free to apply for other loans in future months, though a good payday loan company will not lend to you on a regular basis, as this could be indicative of a debt problem. ‘Every now and then’ as opposed to ‘regularly’ is worth bearing in mind when thinking about payday loans.

   Applying

   The online application process for internet payday loans can be quickly completed and the money could be in your bank account within as little as two hours if your bank account can accept fast transfers, or the very next day if not. It might be worth finding out more.

   Tags: internet payday loans
   Posted in payday loans | No Comments »

7. Who can use prepay cards?

   Posted March 20th, 2010

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   Prepay cards are relative newcomers to the financial world. But they can be so useful that anyone looking for plastic, without the worry of running up debt, may wish to consider them. So who can use pre pay cards?

   People with all kinds of credit histories

   If you have a poor credit rating, prepay cards are typically still available for you to use. This is because no credit is offered on them. Instead, you pay your money onto the card before you spend it, so you do not need to worry about getting a bill or being landed with late payment charges.

   Also, credit checks are usually not carried out when you apply for a card.

   People of all ages

   If you have a teenager who needs to learn about managing their money, a prepaid card could be ideal. You can load as much or as little money as you like onto the facility, and track your child’s spending, typically online or via SMS statements.

   Not only will you know how much they are spending, but if the card is used in shops or online, you will know when and where the money is being spent.
   As no credit is offered with prepaid cards, your son or daughter does not have to be 18 to have one.

   People who want to travel

   Pre pay cards can usually be used internationally to withdraw funds in different currencies, so they can come in handy if you are planning to go travelling. Always check with your card provider for details of the exchange rates that they offer, so you know what to expect when you make a withdrawal or purchase abroad.

   People who want to manage their money

   Some people find it easier to manage their money if they have a prepaid card for different areas of their expenditure. So you could have one for bills, one for household shopping and another for treats. This means that you have all the convenience of having a plastic card – ie not having to carry cash around and being able to buy online and over the phone – without the worry of overspending and attracting interest charges.

   Tags: prepaid debit cards
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8. Online payday loans explained

   Posted March 18th, 2010

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   If you have an urgent need for a fast short-term loan then there are specialist providers of online payday loans who can perhaps help you out.

   Online payday may be an easy way of getting round temporary cash flow problems. The way they work is simple enough.

   The application

   The short online application will typically ask for the following details:

   • who you are;
   • where you work;
   • your age (usually, you’ll need to be 18 years old or over);
   • when do you get paid;
   • how much do you want to borrow;
   • what are your bank account details;
   • does your bank account have a debit card?

   Yes or no

   You’ll get a fast response to your application – very much faster than the days or even weeks it may typically take a high street lender to come to a decision.

   A quick online credit check may be carried out but that doesn’t have to be the end of the story for you if you have had credit problems in the past. You may still find that your application is approved.

   This is because of the nature of payday loans. Since they are typically for relatively small amounts of money lent over a short period of time, the risk of default or non-payment may be less than those associated with a loan from a high street lender.

   The money

   If your application is approved, you will be told exactly what the total repayment amount is (the loan plus charges and interest) and the date on which it will be debited to your account. The money will be paid directly into the account whose details you provided during the application.

   The repayment

   On your next payday, the payday loan will be repaid automatically from your account as a debit card transaction.

   What you use the loan for

   It doesn’t just have to be a cash advance loan to get you out of a bit of a crisis either. Provided your application is approved, your payday loan can be used
   for anything you want. So if you’ve seen something you want to buy or you just want to give yourself or your family a bit of a treat, then online payday loans could be just what you’re looking for.

   Tags: online payday loans
   Posted in payday loans | No Comments »

9. How to find easy payday loans

   Posted March 16th, 2010

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   If you need a quick loan in advance of your next payday, then the last thing you’ll need is a loan procedure that involves lots of paperwork and lengthy delays in making a decision. That’s why easy payday loans may prove to be attractive.

   The payday loan is a great concept based on the recognition that we don’t all want to borrow large amounts of money over lengthy periods of time. It is a form of cash advance loan on your next payday.

   It typically offers:

   • a simple online application process;
   • a fast decision and access to fast cash via direct bank transfer (or if you have a prepaid Speed-e-card, the money can be loaded on to this);
   • a one-off repayment when you next get paid – the loan at that point is finished and done with;
   • repayment of the loan and charges via a debit directly from the lender – you don’t actually have to do anything to make it happen!

   Of course, even easy payday loans will have some conditions you’ll have to meet.

   Typically you’ll need to have a:

   • UK based bank account;
   • permanent UK address;
   • permanent employment that generates a regular salary or wage. Plus,
   • be aged 18 or over.

   As the payday loan is typically for a smaller amount and only advanced until you next get paid, you may find that the lenders are less concerned about minor blemishes on your credit history. Even if your credit history does have significant issues, the loan providers may still advance a lower amount and by repaying it on time, you may make yourself eligible for a larger loan in future.

   As mentioned above, Speed-e-card offers a prepaid card for use with your pay day loan. This unique service means that once you’ve been approved for a payday loan from Speed-e-loans, the amount can be loaded on to your activated card. This means that you can have all the flexibility of a plastic card but without running the risk of totting up more debt. The card can only be used up to the maximum amount you have loaded onto it.

   A prepaid debit card used in conjunction with easy payday loans could provide you with that bit of extra financial resource to help cover that urgent bill or secure that once-in-a-lifetime bargain that’s just not going to wait until you next get paid.

   Tags: easy payday loans
   Posted in payday loans, prepaid debit cards | No Comments »

10. Cash advance payday loans – short-term lifelines

    Posted March 14th, 2010

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    If a forgotten about final demand has just dropped through your letter box and payday is still some time away, then cash advance payday loans may be just what you need to tide you over.

    Borrowing money from high street lenders can be a long drawn out process.

    Following your application there may be a lengthy approval process, more delays to sign things off and yet further delays waiting for the funds to become available.

    If you just need a relatively small amount of money quickly (say around £100-£250) and for a short time period, then a cash advance payday loan may make more sense.

    Payday loans are available from online pay day loan companies and the whole application, approval and payment cycle is typically extremely fast.

    The basic principles of payday loans are fairly straightforward:

    • there’s typically a short online application where you’ll be asked for some personal and employment details;
    • you’ll need to provide the bank details of the account you want the money paid into and this will need to have a debit card attached;
    • a quick credit check may then be carried out;
    • if approved, the funds are credited directly into your bank account;
    • on your next payday the loan and agreed charges will be automatically deducted from your account.

    The main differences between cash advance payday loans and other bank loans include:

    • because the sums involved tend to be small you may still be approved even if you have had credit problems in the past;
    • you typically won’t be asked questions about why you want the money – you could need it to clear an unexpected bill or just to take advantage of a special offer that won’t be around for long;
    • the whole amount including interest and charges is paid back in one payment on your next payday;
    • the loan is cleared quickly and you can apply again anytime as the need arises.

    Cash advance payday loans can help you manage your finances if you find yourself needing a little bit extra just before payday. The process is simple and can typically be completed with just a few clicks of the mouse.

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

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