Archive for July, 2010

1. Check out payday loan lenders

   Posted July 29th, 2010

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   Payday loans can be a way of borrowing a small amount of money until your next payday. Usually payday loan lenders offering these cash advance payday loans allow you to borrow as little as £100 and up to as much as £250, however this will depend on the lender and how often you borrow. With some companies, people who have borrowed before and repaid their cash advance loan on time may be eligible to borrow a higher amount the next time they need a cash injection.

   When looking for payday loans online you may find that there are several payday loan lenders, so checking them out and comparing pay day loans may be essential to finding the most suitable solution for you.

   Exactly how much you owe with interest and/or fees

   When considering payday loan lenders the first thing you need to check is how much interest you will be charged, plus whether there are any extra fees on top (for example, you may find that there is a small charge to cover bank transfer fees for depositing the money in to your account). Remember:

   • it is essential that you find out just how much you have to repay on your next payday, including any charges or fees;

   • if you fail to repay your loan on the agreed date then it is likely that further charges will be incurred.

   Of course when applying for a loan the lender should tell you:

   • the total cost with fees or interest;

   • the date you have agreed to repay the loan.

   Terms and conditions may vary

   Never assume that the terms and conditions of one pay day loan company applies to another, they all differ. Always ensure you read the small print before applying for the cash advance and also that you fully understand what the agreement between you and the payday loan company means.

   Eligibility

   Almost all payday loan lenders have certain criteria that must be met in order to be eligible to apply for a payday loan. This typically includes being over the age of 18, living in the UK, owing a bank account with a debit card, and working full time earning an amount of money that is sensible when compared against how much you want to borrow.

   Tags: payday loan lenders
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2. Need a quick cash advance payday loan?

   Posted July 27th, 2010

   by admin

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   A quick cash advance payday loan may come in handy in many situations where your next pay day is some time off but you need cash now. A payday loan typically allows you to borrow money on the same day, usually around £100 to £250 (though this depends on the lender), and repay the money borrowed along with interest and / or a fee when you next get paid.

   For instance you might need to get your hands on money fast due to the following circumstances:

   • you have a direct debit going out of your bank account in two days’ time and your wages are not paid into the bank for another week;

   • your washing machine or fridge stops working and you need cash for repairs or to replace it;

   • you find a bargain holiday online but do not have the cash to book it;

   • that settee you had your eye on is on sale and at a bargain price – but for a few days’ only;

   • you want to make sure that you have enough spending money whilst on holiday;

   • your children need new school uniforms and you do not have enough in the bank until your next payday.

   These are just some of the many things that may typically crop up and cause you worry. Taking out a quick cash advance payday loan may – depending on your own circumstances -  sometimes be cheaper than using your credit card to get cash, or may work out more cost-effective than risking bank charges if your account goes into an unauthorised overdraft.

   A quick cash advance payday loan is typically easy to apply for online, providing you live in the UK, have a bank account with an active direct debit card and you are in full time employment earning an amount of money that is sensible in relation to the amount you wish to borrow.

   You may be able to qualify for a fast payday loan if your credit rating is less than perfect as many payday loan lenders do not make an in depth credit check, just a quick one. Usually you know if your application is successful the same day and may have the money paid into your bank account within just a few hours or the very next day, depending on how quickly your bank can accept transfers.

   Tags: quick cash advance payday loan
   Posted in payday loans | 5 Comments »

3. Students and travelling with a pre paid debit card

   Posted July 25th, 2010

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   Pre paid debit cards may sometimes be known as cash cards, because some people just use theirs for withdrawing cash. However, unlike a conventional cash card that goes with a current account, a pre paid card offers no temptation to run up an overdraft.

   But there are other advantages to students pre paid debit cards – particularly if you are a student who may move around a lot and intends to go travelling.

   A safe option

   Your parents may have lectured you about the importance of keeping your belongings safe on your travels. To be fair, they may have a point. If you carry around cash, whether that is in pounds, euro or another currency, it may be at risk of being stolen. And once cash is stolen, it’s gone forever. On the other hand, if a pre paid debit card is stolen, the card may be cancelled so the damage the thief can do may be mitigated.

   Accepted virtually anywhere

   Some prepaid debit cards are MasterCards, which may mean that they are accepted wherever that logo is shown. Given that they are so widely accepted, carrying a students pre paid credit card may be like carrying cash without you – without the security risk.

   Easy to top up

   If you have a job, you may wish to ask your employer to pay you directly into the account that may come with the card. Other ways of topping up may include transferring money electronically from another account you may have, or even better, getting your parents to transfer some money onto the card.

   Prepaid debit cards may also be topped up at PayPoint terminals.

   Fees and charges

   The fees and charges you may have to pay may depend on which card provider you choose. Some charge an issue fee for the card, and then a monthly management fee. Others may also add a charge every time the card is used at an ATM or retail outlet. You may wish to study the tariff of charges for your card and work out what may be the most cost efficient way of using the card.

   How do you apply?

   Happily, no credit checks may typically be needed, as the card provider is not lending you any money. There is however an online identity check to confirm that you are who you say you are. As long as you have a permanent address in the United Kingdom, you may find this quick and painless. Card providers may wish to know:

   • your name, address and telephone number;

   • your date of birth;

   • your contact email address; and

   • your passport or driving licence number.

   Depending on the provider, you may also be able to choose what colour your pre paid debit card comes in too to give you a bit of individuality!

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

4. Choosing payday loan companies

   Posted July 23rd, 2010

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   If you are interested in obtaining a fast cash payday loan and have begun looking around you may have noticed that there are many different payday loan companies. So how do you choose the most suitable payday loan provider?

   What to look out for

   Here are some of the considerations you may wish to take into account when shopping for a payday loan:

   • what else will you need to repay back on top of the original loan amount and interest? Are there any fees;

   • how much in total will you have to repay;

   • the date when you have to repay the loan (this will typically be your next payday);

   • how long it typically takes for you to get a decision as to whether your pay day loan application has been accepted;

   • how long it takes before you get your money if you are approved;

   • if there is any paperwork or faxing involved with the loan application;

   • if there is a full credit history check or just a small one;

   • does the payday day loan lender accept application from people with a poor financial history?

   These are just some of the things that may be applicable to you and which you may wish to think about before taking out your fast loan.

   Uses of a payday loan

   It is important to remember that when taking out a payday loan, you are borrowing a small sum of money that you must be able to repay on your very next payday or on the day agreed with the lender. The sum of money typically borrowed may be £100 to £250 depending on the pay day loan company – some payday loan companies may allow you to borrow more than this.

   Payday loan companies offer short term loans for a wide range of circumstances where you find yourself short of money. For instance you may apply for a fast loan if you need holiday spending money; to pay a utility bill; or to meet an unexpected financial emergency that crops up before your next payday, such as a car repair bill.

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

5. Holiday spending made easy with a prepaid credit card

   Posted July 21st, 2010

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   First of all, is a prepaid credit card really a credit card? The short answer is that a prepaid credit card is not actually a credit card at all.

   It is called a credit card because, in terms of physical use, you can use it in exactly the same way as you would a typical credit card.

   For example, you can use it at home or abroad wherever you see the card logo (eg MasterCard) displayed:

   • to pay for internet and telephone purchases;
   • in traditional shops and outlets;
   • to withdraw cash at ATMs.

   Control

   What you can’t do with a prepaid card, which can be sometimes be all too easy with a credit card, is to run up debt. That’s because a prepaid card only allows you to spend what you have previously loaded onto the card.

   You can resist the temptation of that spur of the moment purchase because, if there aren’t sufficient funds on the prepaid cash card, then the transaction won’t be approved – it’s as simple as that!

   As well as helping you budget, a prepaid credit card could also be a very convenient way of managing your own or your children’s holiday spending money.

   Just load your card with your holiday spending cash before you leave and you don’t have to worry about changing up cash. You just use your card when you get there.

   Protection

   A prepaid card may also be a whole lot safer than carrying large sums of cash around.

   That’s because it’s also PIN protected. If you lose it, one quick phone call can typically block the card and safeguard your money.

   Check first

   One point to note, however, is that if you intend to rent a car while you are on holiday, some rental companies may not accept prepaid cards as payment for the rental even if there are sufficient funds on your card.

   The reason is that typically an actual credit card is needed – just in case they need to charge additional expenses or an excess to your card after an accident.

   It may be worth checking with the rental company in advance what their position is on the use of prepaid cards.

   Whether you are trying to monitor and manage your spending or just seeking a flexible way of carrying cash around, a prepaid credit card may be just what you’re looking for.

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

6. The benefits of a fast cash payday loan for your holidays

   Posted July 19th, 2010

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   Taking out a secured or unsecured loan is often a long term commitment and you have to ensure that you keep up the repayments every month for the length of the loan. These types of loan are designed for people who need to borrow largish sums of money (for example, from £1000 upwards) and which they will repay over a number of months or years. If you want a smaller sum and quickly, to borrow for just several days or weeks, then you may wish to consider a fast cash payday loan.

   Normally repaid on your next or next-but-one payday, these are a form of cash advance that allows you to borrow money on a short term basis and pay it back quickly – so no worries about debt hanging over your head for a long period of time.

   So in what sort of circumstances may a fast cash loan come in handy? Holidays are a good example!

   Money for your well-deserved holiday

   You may be going on holiday and are concerned that your spending money will not be enough to see you through your break; or you may not want the hassle of having to limit yourself to a small amount. A fast cash payday loan could mean that you will not have the worry of running out of cash.

   Money to pay for your holiday

   Of course you may be struggling to find the money to pay for a cheap holiday that you have seen advertised. Often cheap, last minute breaks may help you to save a fortune and may be the only way that you are able to afford a holiday. If you have seen a bargain but lack the funds to pay for the holiday, then a payday loan may be an option.

   So once you have got your holiday sorted, what about taking the cash abroad with you?

   A prepaid cash card saves you carrying cash

   One fast cash payday loan lender – Speed-e-loans – offers prepaid cards through their sister company, Speed-e-card. If you apply for a pay day loan from Speed-e-loans, you can load the funds on to an activated prepaid Speed-e-card, meaning you can carry a card with you instead of carrying a large amount of cash.

   Cards such as these allow you to put money on them and then use them as you might a debit or credit card, but without running up debt, as you only spend what is on the card.

   If you have a prepaid Speed-e-card that is activated, and you successfully apply for a fast cash payday loan, the money is typically paid directly onto your prepaid card, and you may have the money to spend often within a few hours or the very next day. The benefit is that you can take your card with you on holiday and not have to worry about losing your cash as the card can be used wherever you see the MasterCard acceptance mark. This means it can be a flexible and safe way of spending your payday loan monies.

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

7. What is a quick payday loan?

   Posted July 17th, 2010

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   You may have heard of something called a quick payday loan, but is it a suitable solution for you?

   Understanding the quick loan

   Payday loans are often called quick loans or same day loans. This is due to the fact that typically, pay day loan companies give you an almost instant decision and you may be able to have the loan paid into your bank account within just a few hours, or usually on the same day or the day after. Three important facts regarding payday loans are:

   • quick payday loans typically allow you to borrow usually between £100 and up to around £250, although the actual sums may differ between lenders with some allowing you to borrow less or more;

   • the amount of money borrowed is repaid back very quickly too, usually on your next payday, together with any fees and interest;

   • the payday loan is a short term loan only, meaning you do not borrow and repay over many months or years as you might with any other loan.

   Benefits of a payday loan

   Usually when applying for a payday loan you can often complete the entire application online and get an answer very quickly. Usually there is no paperwork involved so there is no waiting around for the necessary forms to come in the post which you then have to sign and send back.

   No faxing payday loans are available, so in some cases there is not even the need to fax any documentation. This means that many lenders are able to pay the money directly into your bank account within just a few hours, or the next day, depending on whether your bank can accept immediate transfers.

   Repaying your loan

   Repaying a quick payday loan can usually be easy. When you apply for the loan the lender asks for your debit card details and this is how the cash advance is typically repaid. As long as the money is in your account, you do not have to do anything at all as when the agreed date comes around – usually your next payday – the money is taken directly from your bank account via the associated card. You do not have to remember to make the repayment nor do you have to arrange for a direct debit to be taken each month as you pay back the loan and any interest and / or fees back in one go.

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

8. The cost of keeping the kids occupied during the holidays – and how an instant payday loan may ease worries

   Posted July 15th, 2010

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   With the childrens’ school holidays now about to start, life may not be easy when it comes to keeping them occupied. Days out to theme parks, the coast and other treats are often costly and you may not always have the cash for these, especially towards the end of the month. You may wish to consider taking out an instant payday loan if you are short of cash to ease those money worries and allow you and your children to enjoy the summer break.

   Enjoy days out with cash in your pocket

   A payday loan might allow you to take your family to the coast on one of the rare, red hot British summer days. Why stay at home baking in the heat while the kids moan there is nothing to do? If money is tight, you may wish to consider a quick cash loan. If approved, you could potentially pack the car and take off to the coast on the very same day or the next day.

   You might even have found an affordable holiday at short notice but do not have the cash to pay for it. If you are able to take out a fast loan you may be able to book it.

   Payday loans may be taken out for just about anything as long as you are able to repay the loan (together with any fees and interest) on the agreed date, which will typically be your next payday.

   Extra cash whilst on holiday

   You may have already booked your holiday and are saving up for your spending money whilst you are away. If you find yourself short of cash you may wish to consider applying for a fast loan to ensure that you have plenty of spending money.

   If you have an active prepaid Speed-e-card, payday loans from Speed-e-loans are even easier to access as typically, if approved for the cash advance, you are able to have the monies  paid directly onto the card, which means you do not have the worry of carrying a large amount of cash with you on your holiday

   Other uses of the payday loan

   Of course there are many other uses for payday loans when you are at home. One of the appliances in the home may break down and need replacing or repairing. You may find an unexpected bill comes in which needs paying before your next payday. An emergency may crop up that means you need to get your hands on cash quickly. In all of these cases an instant payday loan until you get your next pay cheque may be a financial lifeline.

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

9. Trying to compare debit cards

   Posted July 13th, 2010

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   Not every plastic card is a debit card. That’s a pretty important fact to grasp if you’re thinking of trying to compare debit cards.

   Credit versus debit

   Firstly, there are debit cards and credit cards.

   Credit cards typically bring with them a credit limit – something that you may see as a permanently available loan. They may also bring with them an outstanding balance and the implications that may have for debt and interest charges.

   By contrast, a debit card is a plastic card that makes payment directly from a source of your money.

   That may be your bank account. In the case of a debit card, if you overspend on the balance sat in your bank account and go overdrawn, this may attract a fee and / or interest charges from your bank!

   There is also a prepaid debit card. This is not really a debit card at all as the money is not debited from a bank or other account. The balance is taken directly from your prepay card, so once you’ve spent the balance on the prepaid card, you cannot overspend or run up debt.

   Standard debit card versus a prepaid debit card

   Potentially, there are now two forms of debit card – something that’s quite important to understand when trying to compare debit cards. Just to recap …

   The first is the conventional bank account debit card. When you use the card, the spending is deducted from your bank account.

   If you have an overdraft facility (and sometimes even if you do not) you can use the card to spend more than you have available in hard cash.

   The newer form of debit card is the prepaid card. In that case you load an amount of money onto the card (perhaps through a PayPoint outlet) and you use the card as per any other form of card.

   The difference is that you cannot spend more than you have previously loaded onto it.

   Prepaid debit cards versus bank debit cards

   What’s the most suitable solution for you will depend upon your individual circumstances.

   In the case of a prepaid card, typically you won’t run the risk of running-up debt and incurring unauthorised overdraft fees if you get your sums wrong.

   You also typically won’t need a bank account and as no credit is involved, you won’t have to meet any credit check criteria.

   That may help you control your finances and have access to the flexibility of plastic even if you have a shaky credit history.

   The prepaid debit card may be an important contender in terms of options open to you, when you’re going to compare debit cards.

   Tags: compare debit cards
   Posted in prepaid debit cards | No Comments »

10. Going to University? Then a pre paid MasterCard may be useful

    Posted July 11th, 2010

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    Are you hoping to go to university? Have you already had a place confirmed? If so, you may be looking forward to your new found freedom, as well as leaving home and a variety of other new experiences. But this move may also mean taking responsibility for your finances for the first time, including fees, living expenses and rent. How will you manage? Have you considered getting a pre paid MasterCard to help you?

    Why pre paid MasterCards may be good for students

    A pre paid Mastercard may be particularly useful for students because:

    • if you are learning to manage your money, you may be able to arrange for the system to text you about every transaction that takes place on your card. This way you can keep track of your spending;

    • the card may be safer to carry around than cash. Should the card get stolen, you may be able to cancel it immediately;

    • if you can convince them to do so, your parents may transfer credit electronically to the card to give you a regular allowance, or perhaps occasional injections of money; and

    • no credit checks are necessary. As a student or young person you may not earn very much, and you may not have any access to any kind of credit on which you may have been able to build up a “good” credit record. Accordingly, you may find it difficult to get access to any other kind of card.

    What does a prepaid card do?

    Are you interested? If so, you may be wondering what you may be able to use your pre paid MasterCard for. The list may be shorter of things that you cannot use the card for! As long as your pre paid card bears the “MasterCard” symbol, you may find that it can be accepted in:

    • ATMs

    • retail outlets like clothes and music shops;

    • restaurants; and

    • for payment of bills

    that bear the MasterCard acceptance mark.

    How can you top them up?

    Ideally, your parents would keep your pre paid MasterCard topped up. However, if you work and want to get the card topped up yourself, you could even get your wages paid into the electronic bank account that may accompany the card. Other methods of topping up the cards may vary from card provider to card provider. However, many prepaid card providers may allow top ups via the PayPoint system.

    Tags: pre paid MasterCard
    Posted in prepaid cards | No Comments »

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