Archive for May, 2010

1. Getting hold of prepaid cards for business

   Posted May 29th, 2010

   by admin

   No Comments »

   If you run your own business and are often out and about meeting clients, then there are going to be times when you may need prepaid cards for business to:

   • pay for entertaining customers;

   • settle hotel bills;

   • buy fuel for transport;

   • get cash for incidental expenses.

   Of course, you could do all these things on your own personal cards and claim the costs back, but you may run the risk of forgetting to claim back all your costs, or lose important receipts relating to a transaction, meaning that you cannot put a claim in for that amount.

   You may spend money for your business on one of your personal cards and find that when you try and tally up your expenditure at the end of the month it all gets a bit blurred around the edges as to what is a business cost and what is a personal cost.

   Prepaid cards for business may be the answer.

   These may typically give you the freedom and flexibility you need to carry out your duties while giving you the peace of mind that you cannot inadvertently overdo things.

   So how do prepaid business cards work?

   These are cards that are preloaded with a fixed sum of money. They may carry a brand name – such as the MasterCard prepaid card – so they can typically be used wherever you see the brand name.

   The difference is that they are not actually credit cards. There is a fixed value on them that cannot be exceeded. So you are in complete control of how much is being spent.

   An additional characteristic of prepaid business cards lies in the fact that they can often be maintained online.

   With some providers you may:

   • have access to the card account and can see exactly what is it being used for;

   • choose to receive a text or an SMS message each time that the card is used to pay for something;

   • even be able to credit funds to the card online to top up the financial amounts available.

   Of course, product terms and features can vary, so it may make sense to check out the small print so you understand exactly what your prepay card will offer.

   In control

   Prepaid cards for business may give you the flexibility you need to operate effectively whilst keeping it completely separate from your own personal financial arrangements.

   Tags: prepaid cards for business
   Posted in prepaid cards | No Comments »

2. Thinking about payday loans UK

   Posted May 27th, 2010

   by admin

   No Comments »

   Lucky is the person that can say they’ve never needed a loan! There are certainly many loans around, so what exactly is it that makes providers of payday loans UK different?

   The traditional loan

   To understand just how different payday loans UK providers are, it’s necessary to first think about the characteristics of a conventional loan.

   These typically are:

   • for larger amounts;

   • paid back over extended time periods of months or years;

   • subject to lengthy and detailed application processes and credit checks;

   • also subject to lengthy review and approval processes by the lenders.

   All that may be fine if you’re applying for a mortgage or a loan for a new car but if you’re just looking for a small amount to help you get through until your next payday, then you may need something different.

   Payday loans – something different

   The intention of the payday loan is to make available to you some emergency funding until your next payday or your next but one payday arrives.

   When that day arrives you simply pay back the loan in full together with any charges.

   As the sums and periods are smaller, typically lenders don’t need to perform a full in-depth credit check and this may help those that would otherwise struggle to get an ordinary loan.

   Payday loans – other advantages

   If you have that sudden and urgent bill to pay, then the last thing you’ll need is a loan facility that takes days or weeks to apply for.

   Payday loans typically specialise in simplified online applications and very fast decisions. In fact, once the loan is approved you may find that the money has arrived in your bank account within a few hours – though that does depend upon your own bank being able to accept fast transfers. Even if they can’t, the money should still typically be with you in a day or so.

   Even repayment is easy. The lender agrees with you the total sum to be repaid (including their charges) and the repayment date, then on the day itself they will simply debit your bank account.

   A useful friend

   The payday loans UK providers typically do not claim that these loans are suitable for all people in all circumstances (eg. ongoing debt problems) but they may be useful if you have the occasional difficult month.

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

3. Help – I need some cash for the Bank Holiday weekend! Can a cash payday loan help?

   Posted May 25th, 2010

   by admin

   No Comments »

   Another long Bank Holiday weekend is approaching and while we will all no doubt pray for sunshine, many of us may also be feeling the strain of needing a quick cash injection to tide us over the weekend and until our next payday. And that is where a cash payday loan may be able to help.

   Payday loans are different to the traditional loans you may be used to and can be an often quick and easy a way of getting a form of cash advance on your salary until your next pay day.

   Fears around loans

   Some types of traditional loans have received negative publicity and generated concerns in many people. These concerns may relate to things such as what they view to be:

   • lengthy tie-in and repayment periods;

   • extensive interest charges incurred over years;

   • lengthy, bureaucratic and intrusive application processes;

   • in-depth examination of the applicant’s financial position and credit history, etc.

   The good news is that many of these things typically do not apply to the cash payday loan!

   Payday loans – typically hassle free

   The payday loan can help you bypass many of these potential problems simply by virtue of its very nature. For example:

   • they are typically loans for smaller amounts (around £100 – £250 but this depends on who your payday loan company is) and as such, full in-depth credit checks may not be required;

   • for the same reason, these loan applications are typically completed online through an internet site and a very fast decision is received;

   • as you’ll be paying it and any charges back on your next payday (the lender will debit your bank account directly with an agreed amount) then typically you can’t run into extended loan periods and repayments continuing for years.

   Uses

   The payday loan is used to help you deal with a sudden crisis or opportunity (such as if you need a quick cash injection because you are having a long weekend away over the Bank Holiday).

   Perhaps you’ve got to pay out for emergency boiler repairs immediately or you’ve seen a special two night UK break that simply cannot be missed! In either case if it won’t wait and you’re still some time from your next payday, then perhaps this type of loan offers the solution.

   Reputable payday loan providers will typically not recommend this product for people that are in extensive debt, as a way of trying to meet existing debt repayments or as a way of financing a major asset purchase.

   The cash payday loan may be ideal for you if you just need a cash injection to tide you over the Bank Holiday period and you need it fast!

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

4. Prepaid cards comparison against credit cards – what card to take on holiday?

   Posted May 23rd, 2010

   by admin

   No Comments »

   If you are looking to take a form of plastic card on your holidays (rather than be faced with personal security issues when carrying around large amounts of local currency), then you may wonder which type is most suitable for you. Do you automatically choose a credit card?  Or go with a rather new card on the market – the pre pay card? With regard to the latter, it’s hard to make a prepaid cards comparison against other card types because the prepaid card is unique.

   The prepaid card is fundamentally different to a credit card even if they look identical and are typically equally acceptable to credit card machines bearing the brand name (eg prepaid MasterCard).

   The conventional credit card typically has:

   • a credit limit which may be seen as roughly analogous to a permanently available loan;

   • the need for extensive credit history checks before it is issued;

   • the capability to potentially encourage spending.

   None of these things apply to a prepaid card. Typically they have:

   • an amount available to spend which is no greater than the sum you yourself have authorised by pre-loading funds onto the card through a bank transfer or perhaps cash at a PayPoint outlet;

   • no need for a credit history check;

   • the capability to be linked to an e-banking account (should the prepaid card provider offer such facilities).

   The prepaid card may offer you the ability to gain increased control over your spending and perhaps that of your family also. They may also be an ideal way of giving your teenage children a form of money that is secure while they are out and about or if you are going overseas. Certainly, you may feel safer carrying just a small amount of local currency and a  prepaid debit card – after all, these cards can be used worldwide.

   Performing a prepaid cards comparison isn’t easy simply because they are so different. They are a relatively new product on the market that is making an impact because of the flexibility offered without credit risks.

   Another significant attraction of prepaid cards is that if stolen or lost, your exposure is limited. Your card is PIN protected but even if its security was breached, you still could not be at risk for a loss of anything greater than the sum you had already loaded onto it.

   If you have a poor credit history and are unable to secure a conventional credit card, the prepaid card may allow you to access the freedom of the internet purchasing environment – somewhere that cash and cheques are not always easy to use or even welcome.

   So,if you are looking for the most suitable plastic to take on your holidays, then going through a prepaid cards comparison against credit cards may yield some interesting results.

   Tags: prepaid cards comparison
   Posted in prepaid cards | No Comments »

5. Need some cash for your holiday? A payday cash loan may help

   Posted May 21st, 2010

   by admin

   No Comments »

   If you have a holiday booked but find you are in desperate need of a fast cash injection to give you a bit extra spending money or perhaps for some new clothes, then a payday cash loan may be worth thinking about.

   Plans don’t always work out

   You may be someone that’s very well organised and who controls your finances meticulously.

   However, sometimes things cost more than we expect, or we forget to budget for something. Certainly, when planning a holiday, even those little costs that you may not have accounted for could soon mount up – think: sun tan lotions; magazines and books for your flight; even transport to the airport .. these and other ’small’ costs may soon take a toll on your budget and you could find yourself worrying about money.

   We’ve all probably been there! That’s when panic and long-term expensive borrowing may start to creep in.

   In the past, there really weren’t products aimed at this specific need but the payday cash loan changes that situation.

   How payday loans work

   If you need a fast cash injection in advance of your next payday, the payday loan may be for you.

   It is designed to be as simple as it is fast. Typically you just:

   • make a quick and simple application online;

   • get a very fast decision;

   • if its agreed, the money will be sent immediately to your bank account and it may arrive within a few hours (depending upon your bank’s systems);

   • on your next payday (or your next  plus one payday) the lender simply debits your account to recover the loan in one go plus their charges that you will already have agreed.

   It’s hard to imagine anything simpler.

   As the sums borrowed are on the whole smaller and they’re paid back quickly, typically the lenders perform only moderate level credit checks. That may mean you’ll succeed in getting a payday loan even if you have some credit history blemishes.

   Your qualifications

   This may, of course, vary depending upon the loan provider. Typically you’ll need to be able to show that you have:

   • a permanent UK address;

   • verifiable employment providing a regular income;

   • an active bank account with a UK bank (and a debit card);

   • requested a loan that is broadly commensurate with your income level.

   Flexibility

   You may find that the loan providers will only lend a smaller amount for your first use – this may be particularly the case if you have credit history problems.

   Once you have used their service a few times and proven yourself trustworthy, the amount lent may be increased.

   So, if you need an extra little bit of cash to spend on your holiday, why not think about applying for a payday cash loan? It may mean the difference between a holiday where you have to eke out your money and make cut backs, compared to one where you aren’t feeling so restricted with your spending.

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

6. Need to know more about payday instant loans?

   Posted May 19th, 2010

   by admin

   No Comments »

   Payday instant loans could be used to help you snap up a bargain. How?

   Opportunity knocks once

   If you spot an opportunity to snap up something at a knockdown price, you may find that is just isn’t going to be around long.

   If you’re still a few weeks away from payday, you may just not have the cash readily available. If the seller doesn’t accept credit cards (or you don’t have one) then you may be in danger of seeing the opportunity go.

   You could, of course, apply for a conventional loan. Typically though, these are geared-up to support larger loan applications and you may encounter lengthy application processes and delays.

   So, if you need a relatively small amount of loan cash fast and you don’t want to take on extended repayment periods, what’s the answer? One solution may be a pay day loan.

   Payday instant loans

   Through this new approach you can apply online for a loan that will last until your next payday. As the sums are smaller (often in the low hundreds of pounds) and you’ll be paying it back in one go, typically you’ll receive a very fast decision.

   If it’s positive, the money will be sent almost immediately to your bank where it could arrive in a little as 2 hours (if your bank can accept instant transfers – if not it may be a day or so).

   Then, when your next payday arrives, the lender will simply debit your bank account to recover the loan in total plus any charges they agreed with you in advance.

   Qualification

   Typically, credit checks are simplified with this type of loan just by virtue of its nature. You may be able to get one even if you have some credit history issues.

   You will typically need to be a UK resident in possession of a valid bank account and associated bank debit card. You will also usually need to be in regular employment and receiving a regular salary or wage.

   As with any loan, you’ll also need to be seen to be applying for an amount that makes some sort of sense when examined in terms of your earnings – this to ensure that you can realistically pay it back in one go on your next payday.

   Payday instant loans could give you the extra purchasing flexibility you need to avoid losing that bargain!

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

7. Need a card to use on your holiday? Then look for prepaid cards online

   Posted May 17th, 2010

   by admin

   No Comments »

   If you are about to go on your holidays, whether here or abroad, and would like to have the convenience and security of a plastic card at your disposal but without the potential temptation to accrue debt that comes with having credit, then applying for prepaid cards online may be the way forward.

   What is a prepaid card?

   Looks and usage-wise, a prepaid card is typically almost indistinguishable from any credit card. Typically they are accepted by standard card processing machines worldwide and online (internet) transactions that accept the card’s brand (eg prepaid MasterCard).

   The difference between a prepaid card and a standard credit card is simply the nature of the funds that sit on the card.

   In the case of a credit card, those funds are typically a permanent loan that you can ‘draw down’ as and when you wish to.

   Although that may at times be very useful, for some people the risk of running up debts makes them uncomfortable.

   The prepaid card typically carries no such risk. You load money onto it (typically through a PayPoint or bank transfer) and the card functions normally for all your purchases – up to the maximum amount you have loaded onto it.

   Holidays

   You can also use it to withdraw cash from most ATMs, both at home and abroad, up to set daily limits.

   It may be an excellent way of avoiding the risk of running up credit debt or providing secure money for you when you’re out and about on holiday – typically you’ll then have no worries about carrying around lots of local currency, nor having to hunt out a realistically-priced Bureau de Change. With a pre pay debit card, you can carry around the plastic and  use it to pay for just about all your holiday needs.

   Am I eligible?

   There is no loan or credit facility with a prepaid card. As a result of that, there is often no need for a credit check and you may be able to obtain prepaid cards online even if you have a poor credit history record.

   How secure is it?

   A PIN protects your card. Even if it was stolen and accessed, the thief could not spend more than you had loaded onto it.

   You can also typically cancel your card instantly via single security phone call.

   How much does it cost?

   Prepaid cards are offered by a variety of specialist providers. The costs of their services vary and are typically clearly explained on their websites, so it may be worth doing a little research and comparing prepaid cards online in order to see who is offering a suitable deal.

   So, if you are looking for a debit card to use on your holiday, applying for prepaid cards online may be the solution. It is typically easy and often without excessive formalities or the need for paperwork, making it an eco-friendly way to apply for a card, too!

   Tags: prepaid cards online
   Posted in prepaid cards | No Comments »

8. I need some cash for my holiday – can I get a payday loan today?

   Posted May 15th, 2010

   by admin

   No Comments »

   Provided your bank can accept fast transfers, then there’s no reason why you couldn’t apply for and, if approved, get a payday loan today. So, if you are looking for some fast cash to use on holiday, then read on …

   Getting started

   You’d need to start the process off with an online application that fortunately does not usually take very long.

   Because there is typically no paper trail with fast payday loans, the whole end-to-end process from application to payment of funds can be completed often very quickly.

   All that you typically need to provide are some personal details, your job and its pay dates and your bank account and debit card numbers. A quick credit check may be carried out and a decision made almost immediately.

   If your application is approved and your bank can accept the transaction, the money may be in your account and available to use in something like two hours, or the next day at the very latest.

   The repayment process is automated and you don’t have to remember to set anything up. A debit card transaction will be set up to debit the full repayment amount to your account on your requested repayment date.

   Prepaid card?

   If you already have an activated prepaid card from Speed-e-card, you may appreciate the convenience that this can give you to make payments online, over the phone, in shops and other outlets, and at ATMs, both here and abroad.

   If you apply at Speed-e-loans for a payday loan today, you can request that the funds be loaded straight onto the card to give yourself even more flexibility of use. This means you can take your card on holiday with you and not worry about having to carry around large amounts of local currency.

   Poor credit history?

   If you’ve had debt problems in the past this may be picked up by the quick credit check that some payday loan companies carry out but you won’t necessarily be rejected because of this. You may be asked for some additional information and your application may still be successful.

   If tomorrow won’t do

   Getting a payday loan today may be a really useful facility to help ease the pain of temporary cash flow problems or to help your holiday go with bang. It may be worth bearing in mind though that payday loans are not really designed as a solution to ongoing debt problems and you should be comfortable that you can afford to repay the debt together with any charges, in one go on the agreed payday before going ahead.

   Tags: payday loan today
   Posted in payday loans | No Comments »

9. Payday loan advances – the costs

   Posted May 13th, 2010

   by admin

   No Comments »

   Any loan costs money and that includes payday loan advances.

   OK, perhaps that’s not entirely true. You may be fortunate enough to have a relative or friend that’s willing to lend you money free-of-charge but that’s not the norm in most instances.

   If your payday is still some weeks away and you need money immediately for that unexpected bill or a great opportunity to pick something up cheap, then you may need to borrow money from a lender.

   The chief characteristics of these types of loan requirements are that:

   • they are typically for smaller amounts (around £100-£250 though this does depend on the payday loan company);

   • the money is often required very quickly;

   • the borrowers typically wish to pay them back in one go when they next get paid.

   For some considerable time, the loans market didn’t really have a lot to offer borrowers of this type.

   Your options may have been:

   • to ask your employer for a salary advance (increasingly unpopular these days with many employers and potentially embarrassing for the employee);

   • to approach a conventional lender such as a bank (this may involve significant amounts of paperwork, application processes and delays);

   • to run up an overdraft (authorised or otherwise).

   Then payday loan advances arrived.

   This facility typically allows you to apply online for a fast loan. Usually you’ll receive a very fast decision and the money will be sent directly to your bank account if approved. Alternatively, if you have an active prepaid Speed-e-card, the cash advance can be paid straight on to your card.

   On your next (or perhaps next-but-one) payday, the lender simply debits your bank account to recover the loan in one go plus their agreed charges.

   This innovative product range isn’t, of course, free! There will be charges, which should be clearly shown to you in advance.

   These charges may well prove to be cheaper than those of an authorised bank overdraft and the costs involved in unauthorised overdrafts may often be high. (Examples of how much a payday loan could cost compared to an unauthorised bank overdraft can be found here)

   You may also find that the entire application and money transfer process moves far faster than is possible via a conventional loan application – and that could be exactly what you need.

   In fact, no faxing payday loans are often available, so no paperwork is often needed and the process is not only usually quick but eco-friendly too!

   So, although payday loan advances aren’t free, their costs may sometimes compare very favourably against those of other loan forms. The internet based specialist providers of payday loans have sites that will explain the procedures and charges in detail and you may be pleasantly surprised.

   Tags: payday loan advances
   Posted in payday loans | No Comments »

10. Finding the best prepaid cards

    Posted May 11th, 2010

    by admin

    No Comments »

    To think about the best prepaid cards, you will need to understand that what may be considered ‘best’ for you may differ to what someone else may consider to be the ‘best’ prepay cards. Your needs are as individual as you are and so only you can decide if a card is the most suitable for you. This article may help you in your understanding of prepaid cards and how they differ to credit cards, meaning you may be able to confidently look for the best prepay card for you.

    So, how do pre paid cards differ from ordinary credit cards?

    Credit cards and debt

    It’s often a controversial subject, but some people may argue that having a plastic credit card in your pocket is a potential first-step on the road to debt.

    The problem is, today we all often need plastic of some form. In some cases, such as with automatic ticket vending machines or some internet or telephone purchases, you may not in fact be able to use cash or cheques as the systems expect you to have plastic available.

    So, how can you have the convenience and security of plastic without having the risk of running up credit debts?

    The answer may be the prepaid card.

    The prepaid card – a new approach

    The principle behind the prepaid card is typically simple.

    You apply for a prepaid card that is entirely compatible with most electronic card payment systems and machines (for example, if you choose a prepaid MasterCard, you will typically be able to use it at any place that accepts the MasterCard brand).

    The beauty of the prepaid card is that before you can use it, you have to load funds onto it. This is often easily done through a PayPoint outlet or you may be able to credit funds directly to it from your bank account or salary.

    If you have an activated Speed-e-card, then you can load your card with a payday loan from Speed-e-loan (if your cash advance loan is accepted).

    Once it is loaded, you can use it as per any normal card but only up to the level of the funds you’ve loaded onto it.

    That means you simply cannot run up debts because there is no credit limit involved.

    No credit checks

    Another major advantage of these cards is that because you’re not asking for credit, typically there are no credit checks involved.

    That means that typically you’ll be able to apply for one one even if you have credit history problems. This may provide you with the flexibility and security of plastic even if you would otherwise be unable to secure a loan or credit.

    The best prepaid cards

    There are specialist providers of prepaid cards on the internet. The facilities they offer will vary – some for example may be able to offer an e-banking facility to complement the prepaid card.

    Selecting the best prepaid cards will depend upon your personal preferences and the facilities you require, but hopefully this article has given you some food for thought!

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

« Older Entries