Archive for June, 2010

1. Holidays and using instant online payday loans

   Posted June 29th, 2010

   by admin

   No Comments »

   It’s approaching the holiday season. Great news as that is for many, it may also mean that your finances are a little bit tight and you need some help. That’s where instant online payday loans may be useful.

   Holiday preparation

   In the weeks and months before the annual holiday, it’s all too easy to get caught out because you’ve underestimated some aspects of the costs.

   Perhaps the family needs some new summer clothes. It may be that you’re trying to make sure you’ve got a little extra spending money – or maybe you just need a new airbed for the beach.

   Whatever it is, a short-term cash injection may help you cope and have an especially good time.

   Using a payday loan

   The beauty of a payday loan is that it’s typically easy to apply for, fast to get hold of, if approved, and it’s paid back quickly thereby avoiding long-term debt repayment.

   All you have to do is make an online application. The money could be in your bank within a few hours or a day or so at most – this depends on your payday loan company and also as to whether your bank can accept immediate transfers.

   That’s why they’re sometimes called instant online payday loans.

   The summer’s over

   Yes, all good things come to an end and you may be wondering what happens about paying the loan back.

   Typically, at the time you borrow the money you’ll agree a repayment date with the lender (often your next payday) and a full repayment amount that includes their charges (such as interest and any admin or bank transfer fees). On that day, they will typically debit your bank account with the agreed amount.

   Some pay day loan providers may be able to agree a repayment date that is a little further out – perhaps your next but one payday. That may give a little extra breathing space to recover from those holiday exertions!

   If you are unable to pay the loan back on the agreed date, it is typically advisable to contact the loan provider as soon as possible. They may agree to a revised payment date (additional charges may apply).

   Holidays are important to most of us and are a great opportunity to recharge our batteries. Instant online payday loans may help you achieve that just that little bit more easily.

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

2. Seen that dream bargain and need to get a payday loan?

   Posted June 27th, 2010

   by admin

   No Comments »

   It may be that you’d really like to get a payday loan as it would help you snap up that dream bargain such as a cheap holiday.

   Yet the thought of applying for a fast payday loan may fill you with dread. Images of lots of application questions, extended delays and probing intrusive questions about your credit history may all come to mind.

   However, none of those things typically apply to a payday loan application. Why not?

   Payday loans are different

   A payday loan is typically for a modest sum of money intended to get you through a temporary shortfall of funds in a given month. It’s typically paid back, together with the previously agreed interest charges and any other fees, in one go when you next get paid.

   The lender will typically debit your bank account and the loan is then over and done with.

   This gives a payday loan two defining characteristics:

   • it is very short-term with no lengthy set of repayments going on over months or years;

   • the amounts involved are typically relatively small – in the low hundreds of pounds.

   This in turn means that for lenders, typically a payday loan may be a lower risk than some other forms of loan advances.

   As a result, they have simplified and streamlined the application processes meaning you’ll get a fast decision.

   Even better, as the risk profile is lower, they’ll typically only perform a relatively quick credit check. That could be beneficial for you if you have some problems in your credit history.

   Speed

   If your application is approved and you get a payday loan, it could be in your bank within a few hours or by the following day (perhaps a little longer at weekends).

   The good news is that you don’t even have to do anything special about remembering to pay it back.

   Typically, one of the relatively few conditions of such a loan is that you have a bank account and bank debit card. That’s needed initially to send the loan to. That account is also used when the loan is due for repayment. The lender simply places a debit against it for the total amount you’ve previously agreed.

   So, to get a payday loan can be fast and easy!

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

3. Looking for an online prepaid card for university?

   Posted June 25th, 2010

   by admin

   No Comments »

   As a student, it may be difficult to juggle your studies and your finances. With expenses like course books, utility bills and food rearing their ugly heads, it may be tough trying to make ends meet. So if you are looking for an online prepaid card, you may wish to shop around to make sure that you get the most appropriate deal for your individual needs.

   Where can you use it?

   One of the factors which may influence the online prepaid card you go for may include where you may use it. For example, if a prepaid card bears the MasterCard symbol, it may be universally accepted and used wherever the symbol is displayed. Given how widely MasterCards are accepted, you may be able to use your prepaid card to buy:

   • food;

   • petrol;

   • meals (and drinks) out; and

   • clothes.

   But the cards may not just be used to purchase goods. You may also want to use yours to withdraw cash from an ATM, or to pay utility bills (although you may rather not!). Student prepaid cards can also typically be used for purchases made online and over the telephone too!

   How much will it cost?

   By now you may have learnt that you never get something for nothing! So how much may an online prepaid card cost you?

   Whilst you are shopping around you may find that different providers may vary in their pricing structures. Some providers may charge for:

   • administration fees for a new card;

   • monthly management fee;

   • messages to your mobile phone confirming transactions;

   • ATM withdrawals in the United Kingdom;

   • ATM withdrawals elsewhere in the world;

   • Point of Sale transactions; and

   • PayPoint topping up fees.

   Some providers may also charge for reissuing lost cards and PIN numbers, but you may be able to reduce the likelihood of needing to pay these by keeping a close eye on where you keep your prepaid card!

   Going travelling this summer?

   Whether or not you choose to use an online prepaid card on a day to day basis, you may wish to consider using one for your travels. Once again, they are almost as widely accepted as cash.. However, unlike cash, a prepaid card may be a more secure way of spending. As soon as you suspect that the card may have been stolen, you may be able to contact the card’s supplier and put a stop on the card. With cash on the other hand, once it has been stolen, that’s it!

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

4. What are the best payday loans?

   Posted June 23rd, 2010

   by admin

   No Comments »

   Inevitably, the question of which are the best payday loans, rarely results in a definite answer. The reason for that is simple – you are an individual.

   What’s best for you and your set of circumstances may not be what’s best for someone else and an entirely different set of conditions. In fact, what’s best for you personally may vary just depending upon your exact specific circumstances at the time you need a loan.

   There are though, some variables that may hold true in many situations:

   • a fast payday loan may sometimes work out cheaper than using an unauthorised bank overdraft;
   • payday loans typically are very quickly available (perhaps in as little as a few hours if your bank can accept immediate transfers) once the loan has been approved;
   • given the typically smaller loan amounts, a payday loan may be approved in cases where a conventional loan may not (eg. if there are some types of credit history issues);
   • as it is paid back in one lump sum (including charges), this type of loan may reduce the risks of getting into unserviceable debt arrears.

   The best payday loans for you may offer many of these above advantages as well as others.

   Getting an advance may also be relatively easy. Typically the application process only needs to know that you’re:

   • in employment that can be confirmed and verified;
   • earning a regular salary or wage;
   • living at a UK address;
   • over 18 and seeking an amount that is not excessive when measured against your income level;
   • in possession of a bank account and bank debit card.

   A payday loan may be considered to be very useful if you have urgent need of a financial injection in advance of your next payday. In that situation, its speed and flexibility may prove to be very convenient.

   What it is typically not seen as being suitable for are uses including:

   • regular monthly loans if your regular income is insufficient to meet your normal outgoings;
   • very large loans for major item purchases;
   • repayments of existing monthly debts commitments.

   Deciding what are the best payday loans for you requires that you think through your requirements and personal situation carefully in advance.

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

5. Can I get a cheap prepaid card to take on holiday?

   Posted June 21st, 2010

   by admin

   No Comments »

   You may be wondering – can I get a cheap prepaid card to take on my holiday? First of all, the definition of ‘cheap’ may depend on what the purpose of the prepay card is for and how you plan to use it. That is, what is ‘cheap’ for you is as individual as you are and may be influenced by how you plan to use your card. Certainly, it may not be defined as a cheap prepaid card for someone else. Only you can decide on this.

   Holidays and prepay cards

   If you are going on your holidays soon, you may find that a prepaid card could be an easy way of managing your money whilst abroad. Rather than having to change up lots of currency before you go and carry it around with you (which could raise a few personal security concerns), or trudge around looking for an attractive exchange rate for your Traveller’s Cheques, all you typically need to do is take your card.

   You can then use it to withdraw cash at any ATM that shows your brand’s acceptance mark,as well as pay for goods and services in shops and other outlets. Of course, there may be fees attached to these sort of transactions, but it may be worth thinking about if you are going overseas soon.

   Of course, prepaid cards aren’t designed just to be used on holidays. A prepaid card may prove very useful for people who want the flexibility that having plastic offers, while keeping their finances under control. This is because you can only spend what is on the card, rather than having the temptation to run up debt like you may do with a credit card. So, it may be a very valuable financial tool to help you keep control of your money.

   You simply load up your prepay card with cash and once you’ve spent what is on there, you simply top it up once again. Loading up your card with funds is often easy too.

   Loading your prepaid card

   Depending on who you get your prepay card from, your loading options may include all or some of the following:

   • via a PayPoint outlet;

   • by having your wages paid on to the card;

   • by a bank transfer;

   • via a payday loan from Speed-e-loans (if you have an activated prepaid Speed-e-card).

   Choosing a prepaid card

   There are a number of prepay debit cards companies, and their fees may vary. What one card provider may charge for one thing may be free with another. That is why is may be sensible to shop around and compare the different fees as well as card features. Ask yourself:

   • is there a cost per transaction?

   • am I charged a one-off application fee?

   • does the card have an associated e-bank account so that I can manage it online?

   • how usable is the card? (eg if it is a prepaid Mastercard, you can feel confident that it will typically be accepted wherever the MasterCard sign is displayed globally) etc.

   Doing this could be key to you getting what could be defined as a cheap prepaid card that is suitable for your day-to-day and holiday needs.

   Tags: cheap prepaid card
   Posted in prepaid debit cards | No Comments »

6. 1 hour payday loans – are they possible?

   Posted June 19th, 2010

   by admin

   No Comments »

   Payday loans may be a way of getting your hands on cash – and fast. A sort of cash advance on your next pay day, a payday loan, once approved, can be in your bank account very quickly. Yet are 1 hour payday loans really possible?

   The process

   If you need a fast payday loan for something such as an unexpected domestic emergency or bill, you’ll obviously have to make an application.

   That’s typically done online through the site of a specialist provider of payday loans.

   As this form of loan is typically for smaller amounts (around £100-£250 but this varies depending on your payday loan company) that are repaid in full when you next get paid, some providers may perform only a reduced credit history check. That may mean not only that you can obtain a loan even if you have some credit blemishes on your record, but also that it may take less time.

   A decision on your application will typically be taken very quickly indeed and if successful, the funds made ready for transmission.

   Your bank or card

   All the above can happen very quickly but then things leave the domain of the loan provider and the timescales start to depend on your bank.

   You can ask the loan provider to send the loan to your bank, which may or may not be able to accept instant inbound transfers – if it can’t then the money will typically be in your account the following day;

   It’s also worth noting that weekends and bank holidays may increase the amount of time required for the money to appear in your bank account.

   1 hour payday loans

   So, how quickly could a fast payday loan make funds available to you?

   The answer is – very quickly but an hour couldn’t be guaranteed. And while some providers promise that you can receive your funds within two hours of a successful application, asking for 1 hour payday loans might be a little optimistic – though it may not take a huge amount longer than that!

   Tags: 1 hour payday loans
   Posted in payday loans | No Comments »

7. Using same day payday loans

   Posted June 17th, 2010

   by admin

   No Comments »

   Why may same day payday loans come in handy? The possibilities are almost endless!

   Taking opportunities

   Imagine the scene. Your holidays are coming up in a few weeks time and suddenly in a shop you see a special two-day sale of swim and beachwear and there are bargains galore.

   Looks like a great time to strike – except that unfortunately you’re still two weeks away from payday and don’t have any spare cash!

   OK, you could put it on a credit card if you have one, but perhaps you’re currently trying to avoid long-term repayment commitments.

   This is where same day payday loans could come to the rescue!

   How it works

   You would make a simple online application. You’d receive a very fast decision and assuming the request was approved, the money would be sent almost immediately to your bank.

   If your bank can accept instant transfers, the money could be in your account and ready to spend in just a few hours (if you have an active prepaid speed-e-card it could be directly loaded with the loan amount if you successfully apply for a speed-e-loans payday loan).

   Even if your bank can’t accept the money immediately, it may typically arrive the following day. That should still allow you the opportunity to snap up those bargains and get ready to look your best on the beach!

   Unpleasant surprises

   Of course, not all urgent needs for a cash injection are for quite such pleasant purposes.

   Perhaps, for example, you’ve also just received an entirely unexpected bill that has to be paid immediately. That may be problematic if you’ve just, say, spent the last of your spare cash for the month on that swimwear mentioned above.

   A payday loan, once approved, can be used for any purpose you wish. In this case, it may enable you to deal with that bill immediately. All you then have to do is repay the loan on your next payday and it’s all done.

   Flexibility

   Same day payday loans may not necessarily be suitable for all types of borrowing requirements. Responsibly used, they may typically be extremely useful if you have a given problem or opportunity one month – and in some cases, they may work out less expensive than using an unauthorised overdraft as this article from the daily May in February 2010 highlights: Daily Mail.

   Tags: same day payday loans
   Posted in payday loans | No Comments »

8. What is the best payday loan for you?

   Posted June 15th, 2010

   by admin

   No Comments »

   If you are thinking about applying for a payday loan, perhaps to cover an unexpected bill or even some last minute holiday expenses, your may be wondering what is the best payday loan for you.

   Different providers

   There are a number of payday loan providers on the internet and they may all have slightly different terms and conditions.

   Some may have a slightly higher interest rate than others, but may charge a lower set up fee. Others may have a lower interest rate but charge higher fees. Some may have no set up fee at all. Some lenders may require repayment by your next payday whereas others may offer a next but one payday option.

   What you need

   Having decided that you’d like to have a fast cash loan, to find out what is the best payday loan for you (and remember, what is best for you depends on your individual circumstances, which means it may not necessarily be the best loan for someone else) you may need to start with a couple of basic questions:

   • how much you’d like to borrow;

   • when your next payday falls;

   • would you prefer a next but one payday option.

   Typically you’ll be able to use the figures on the websites of the payday loan providers to see how much your payday advance may cost you.

   You may find that in addition to a fixed transfer and administration fee, you’ll typically pay interest on the loan calculated on the number days that you actually have it.

   So a loan of say £200 over 2 weeks until your next payday will typically cost you less than the same amount borrowed for 6 weeks. Depending on your own circumstances, the convenience of having the loan for longer may outweigh the extra interest charges. It may not.

   (This general principle applies to any loan – typically the longer you have it the more you pay in interest.)

   Bank overdraft

   An alternative to a payday loan could be a bank overdraft. If for whatever reason though you are reluctant to approach your bank to ask for an overdraft facility then a payday loan may be a solution for you that could avoid you slipping into an unauthorised overdraft position – something that can often be very expensive.

   Prepaid card

   If you already use a prepaid speed-e-card then the best payday loan for you may be one linked to your card that can be seamlessly loaded on to it for ease (do note that only payday loans from speed-e-loans can be loaded on to the prepaid speed-e-card). So the answer to what is best overall? It just depends on your requirements and situation!

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

9. Best prepaid cards – how do I find them?

   Posted June 12th, 2010

   by admin

   No Comments »

   You may have decided to get a prepaid card – after all, what is there not to like about them? They potentially give you the flexibility typically offered by a credit card or debit card, but without the worry of accruing debt or eating in to your bank overdraft facility.

   You may view prepaid cards as a tool to helping you manage your money. So how do you find the best prepaid cards?

   First of all, it is important to mention that what is best for you is as individual as you are and will depend on a number of factors. These may include things such as how you plan to use the card (and where). This means that what is the most suitable prepay card for you may not be the most suitable – or among the best prepaid cards – for someone else.

   The good news is that there are providers of prepay cards on the internet, so you can shop around and compare things like fees and also check how widely accepted your prepaid debit card will be when you are using it out and about. (For example, if you choose a prepaid MasterCard, this will typically be accepted wherever you see the MasterCard logo, worldwide).

   Fees to compare among the different prepay card providers may include:

   • is there an application fee?

   • are you charged per transaction?

   • are there charges when you top up the card?

   • are there any fees for cash withdrawals, in the UK and abroad?

   Also, look out to see if the card provider offers any additional features to go with your card – for example:

   • you may get a free e-bank account to manage your card online which in many respects may work the same as a traditional bank account;

   • if you have an active prepaid Speed-e-card, this can be loaded up with a payday loan from Speed-e-loans.

   If you are looking for the best prepaid cards, hopefully this article has given you some useful tips on knowing where to look and what to compare in order to select the most suitable prepay card for you.

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

10. Guaranteed payday loans

    Posted June 11th, 2010

    by admin

    No Comments »

    Taking advantage of last minute holiday offers typically means having the money available right away to secure the deal. This may not be easy if payday is still a couple of weeks away – but guaranteed payday loans may be something that could help.

    These days, some people prefer to hang on to take advantage of last minute deals. Typically though, the closer you get to your actual departure date, the less time there may be (if any) between paying the deposit and then finding the final balance.

    Even if you’ve been saving up all year, you may find it’s not just last year’s shorts that are just a little bit tighter than you’d like. Your finances could be feeling the strain too.

    There is something you may be able to take advantage of, to help get over a short-term cash flow problem like this.

    Guaranteed payday loans are a relatively new type of loan. They are advances of smallish amounts of money around £100-£250 (but this will vary among providers), typically for a period of between 2-4 weeks. Generally speaking, you can borrow the money until your next payday or, with some pay day loan companies, the one after that.

    What you need for a payday loan

    This may be stating the obvious but to get a payday loan typically you’ll need to:

    • have a job with relatively fixed paydays;

    • have a bank account which has a debit card attached. This is to allow the money to be paid to you and to set up an automatic repayment debit on your chosen date;

    • be over 18 and resident in the UK.

    Do note that while a quick credit check may be carried out, you may still qualify for a cash advance loan even if you have had credit problems in the past.

    What payday loans aren’t

    As noted above, payday loans are short-term advances that are repaid in an agreed number of days or weeks. They are not designed to replace more traditional lending that tends to be for larger sums over longer time periods, nor as a tool for debt management purposes.

    How much to borrow

    Guaranteed payday loans may help you get over a temporary cash shortage whether it is for those last minute holiday deals or something else like an unexpected bill. Within the limits of what’s available, you may be able to borrow what you like as long as you are confident that you can repay it in full on your next payday, together with the interest and any other fees.

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

« Older Entries