Archive for August, 2010

1. What are instant payday loans for?

   Posted August 30th, 2010

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   Well, instant payday loans can be used for just about anything and everything – basically, as you need them!

   Once the payday loan is approved, it’s nobody’s business but yours what you do with it.

   Let’s look at just one example requirement – the annual holiday.

   Summer’s here

   Many people make at least some effort to get away on holiday each year.

   Great as that is, it can also be a time of expense. However carefully you’ve planned and budgeted, things can come up at the last moment that can cause a sudden and embarrassing hole in your pocket.

   Just a few examples may include:

   • needing new holiday clothes;

   • topping-up your spending money;

   • forgetting the holiday cosmetics and sun block etc.

   It’s at times like that you may appreciate fast and easy access to a relatively modest cash injection, just to help you bridge the gap to your next payday.

   In a nutshell, that’s why payday loans exist!

   Instant payday loans – how they work

   You apply online through the website of a payday loans provider. Typically the providers specialise in providing a very fast response and if it’s yes, the money could be in your bank account within a very few hours or the following day, depending on your lender and your bank.

   When your next payday arrives, the loan provider then recovers their loan plus the agreed charges directly from your bank account.

   Reduced risk

   As payday loans are typically for smaller amounts (£100-£250 depending upon the provider you’re using) the risks for the lenders is also smaller.

   As a result, typically they only perform a partial credit check and they may accept issues with credit histories that conventional lenders may not.

   Added flexibility

   If you already have an active speed-e-card prepaid card then you may be able to have a payday loan from speed-e-loans loaded directly onto it.

   That may give you both added flexibility and security, as you’ll be able to avoid carrying lots of cash around with you in your wallet.

   Taking it further

   Finding out more about instant payday loans costs nothing – and nor does an initial application! Having this type of facility just may help your holidays go that bit more smoothly.

   Tags: instant payday loans
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2. The option of quick payday loans

   Posted August 27th, 2010

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   If you need a quick cash injection to help you cope with an unexpected bill or other expense, you may be considering quick payday loans as a way of helping out.

   All professional loans cost money and understanding how these costs may affect you is typically important.

   Short-term fast loans

   Depending upon your individual circumstances, you may have a few options open to you:

   • credit cards;

   • bank loans;

   • overdrafts;

   • conventional loans

   • quick payday loans.

   Cost – one of many factors

   In practice, it may be difficult to state exactly what the cost issues are because it may be advisable to see these in the context of your needs for fast access to cash.

   The payday loan is designed to give you fast access to smaller loans, typically without lengthy application formalities and delays. In fact, the money could be in your bank account the same day you make your application if it’s approved and your own bank can accept instant transfers.

   It is then repaid on your next payday when the loan provider debits your bank account with the agreed sum.

   Conventional bank and other loan channels are typically geared-up to larger loan requests and therefore may struggle to meet that level of response and your requirements for speed.

   Credit cards

   Using credit cards may be an option but:

   • that assumes you actually have one;

   • you may find that with credit comes the risk of not paying the loan off quickly and therefore lengthy debt.

   Bank overdrafts

   The position here rather depends upon whether or not the overdraft facility is approved or unapproved.

   An authorised overdraft facility will cost money and your bank may take some time to review the position before deciding yes or no.

   If you go overdrawn without an approved facility being in place, the costs may sometimes prove to be less cost-effective than those of a payday loan*.

   Responsibility

   Used responsibly, quick payday loans may offer you the flexibility you need and at a cost that is lower than some banks’ routes. Finding out more from the online providers of payday loans may be to your advantage.

   *source: Daily Mail Feb 2010
   

   Tags: quick payday loans
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3. Business prepaid card – can I use a prepaid card for my business?

   Posted August 25th, 2010

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   If you want to keep your work expenses separate from your own personal expenditure, you may wish to consider a business prepaid card.

   You may find that you tend to run up a lot of expenses associated with your job, and that sometimes you fail to claim back these expenses, due to losing track of your expenditure. This means that you potentially lose out of your own pocket, as well as the business not showing a true reflection of its outgoings.

   That is why a prepaid card for your business may be worth thinking about. It may give you greater control over your work related expenses so that you can keep them and your personal expenditure separate.

   But first of all, what is a prepaid card?

   Whether it is a business prepaid card or one solely for personal use, a prepaid card potentially offers you many of the benefits associated with a credit card, but without the debt:

   • it is a plastic card that can be used for online and telephone purchases as well as in shops, restaurants etc in the UK and many places abroad wherever the brand’s acceptance mark is shown (for example, if it is a prepay MasterCard, it will be accepted anywhere that that acceptance mark is displayed globally);

   • generally you can use it to withdraw money from ATMs:

   However, unlike a credit card:

   • typically, no credit check is needed, so even people with poor credit history can apply;

   • you can only spend what you have actually loaded on to the card (note that as with many plastic cards, there may be a daily limit as to how much cash you can withdraw). Once you have spent the funds, you simply top it up again, rather than running up debt;

   • you may be able to run an associated e-bank account – some prepay card providers such as Speed-e-card offer this facility – meaning you can almost manage it like a bank account.

   So, if you want to keep your work and private finances completely independent of each other, then thinking about a business prepaid card may be an idea.

   Tags: business prepaid card
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4. Payday advance loans for holiday help

   Posted August 23rd, 2010

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   Going on holiday is the highlight of the year for many of us. Yet if you need a little extra cash to make it that bit more special, then you may wish to think about payday advance loans.

   Holidays and finances

   Holidays can hit your pocket in unexpected ways:

   • exchange rates moving meaning that you’re getting less foreign currency spending money than you’d hoped;

   • sudden imposition of fuel surcharges;

   • the car playing up just before setting off;

   • suddenly seeing that the kids’ need new beach clothes; etc.

   If you’ve just been paid then perhaps things such as the above are no big deal but if payday’s still on the horizon, then a little financial help may be required.

   That’s where payday advance loans may come in.

   Quick cash advances

   You can apply online for a payday loan and often get a very fast decision.

   A payday loan is one whereby you apply for a small loan to tide you over until your next payday. When you next get paid (or the payday after that) you simply repay the loan in one go along with the interest and any fees.

   This helps avoids lengthy repayment agreements and long-term debt.

   The sums advanced are typically in the range £100-£250 though that may vary depending upon the loan provider.

   The loans may be used for any purpose you choose – holiday related or otherwise.

   Qualification

   As this type of loan is for smaller amounts, the providers generally don’t make a full credit check. If you have a few issues on your record, these may not stop you getting a payday loan.

   Typically the lenders will only ask that:

   • you are in permanent employment that is providing you with regular income;

   • you are resident at a permanent UK address;

   • you’re over 18, have a bank account with debit card and are asking for a loan amount that is sensible given your monthly income (because you’ll be paying it back in one go).

   Make holidays easier

   Using payday advance loans may help you not only get your holiday payment sorted out but it may also help you snap up some holiday bargains while you’re there!

   Tags: payday advance loans
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5. Urgent payday loans – how they may help you!

   Posted August 20th, 2010

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   Anyone may find themselves short of cash if the unexpected crops up and this is where urgent payday loans may be able to help you. Payday loans can sometimes be a quick and easy way of borrowing a small amount of money which you then repay on your next, or next-but-one, payday. There are many reasons why you may need to use the services of a payday lender and here we take a look at just some of them.

   Use a payday loan for booking a bargain holiday

   Many bargain holidays are found online, especially if you book at the last minute and are able to fly almost straight away. Late deals such as these may be your only chance of getting away this summer, but sometimes these deals only seem to be available when you have no money to spare.

   As long as you are able to repay the cash advance back on your next payday you may wish to consider urgent payday loans, apply and, if your pay day loan application is successful, have the money to grab that bargain. Why lose out just because payday is two weeks away?

   Broken appliances?

   There are certain things that we rely on in our home such as cookers, washing machines, fridges and freezers. It may seem to you that these always have a tendency to break down or need totally replacing at the worst possible time, usually when you are waiting for your next payday to arrive. Life may be difficult without appliances. If you need a quick cash sum, you may wish to apply for a small payday loan so that you are not struggling without your much needed appliance.

   New school term and lots of costs!

   When the kids are due to go back to school it is typically a very expensive time, with one of the main financial costs often being for school uniforms and shoes. If you need a helping hand by way of a cash lump sum to purchase uniforms, shoes, school bags and other vital back to school equipment, payday loans may be an option.

   The above are just a few of the many events that happen in our day-to-day lives where urgent payday loans may be able to help.

   Tags: orgent payday loans
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6. Getting a fast cash loan

   Posted August 19th, 2010

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   It would be a nice world if every month was routine and predictable in terms of money and we never had the need for a fast cash loan.

   The key word there though is – if!

   Life can’t always be planned

   Unfortunately, life sometimes doesn’t play the game according to the rules we’d like.

   Expenses can appear from nowhere and so can opportunities.

   Just a few examples might include:

   • a real opportunity to pick something up cheap that you desperately need;

   • a sudden and unexpected vet’s bill for your much-loved pet;

   • a big repair bill for the broken-down washing machine;

   • a little extra spending cash for the holidays.

   None of these might be a problem if you’re about to be paid, but if payday still a few weeks away then you may have a headache.

   Payday loans

   The payday loan offers help in such situations.

   The loans are offered for typically smaller amounts and are designed to enable you to get a fast cash loan to help you survive until your next payday.

   When the payday arrives, the lender typically debits your bank account in order to recover their loan plus the previously agreed charges.

   It’s often very fast and very easy.

   Previous credit problems?

   As this form of borrowing is for smaller amounts that are paid back quickly, some loan providers will perform only a reduced credit history check. You may find that you’ll still be able to obtain a loan even if you have a few problems on your file.

   If you can’t repay

   Payday loan providers typically understand that things can go wrong and that you may struggle to pay the loan back on the agreed date.

   If that happens, contact them in advance of the repayment date and in some cases you’ll be able to agree a revised repayment date though some additional charges may apply.

   Speed

   One of the big advantages of fast payday loans is that the application and approval processes are fast. You apply online and you’ll get a very fast decision.

   If your application is approved, the money could be in your bank account within a few hours if your bank can accept instant transfers. If not, it may there the following morning.

   A loan for all

   Anyone can apply for a fast cash loan. Details can be found online.

   Tags: fast cash loan
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7. Just how fast are payday loans?

   Posted August 17th, 2010

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   Payday loans are designed to offer access to fast cash in emergencies. The question is – just how fast is fast?

   What’s an emergency?

   It could be anything – and not necessarily bad!

   Perhaps:

   • a friend’s just given birth earlier than planned and you’d like to buy a gift – but payday’s still a couple of weeks away;

   • you’ve just accidentally ruined that outfit you desperately need to wear in a couple of days time;

   • you’ve just been offered an incredible bargain but the seller wants paying immediately;

   • you’d like to take a little extra cash on holiday with you but you’re leaving a few days before you get paid.

   In all these situations, a fast cash injection may be very welcome!

   Payday loans and speed

   A payday advance loan offers you short-term loans of typically £100-£250, depending upon the loan provider.

   The basic concept is that you pay it back (together with any interest and fees) when you next get paid or on the payday after that.

   Applying is typically easy – through online loan providers. If your application is approved (and you’ll generally get a very fast decision) the money will be sent directly to your bank.

   If your bank is able to accept instant transfers, the money could be in your account within a few hours of making the application. Even if it can’t, the money should be there the following morning.

   Do remember though that weekends and bank holidays may extend that period a little.

   Ease of repayment

   You will be told in advance the required date of repayment and the total sum to be recovered including the loan plus charges.

   On the date due, the loan provider will simply debit your bank account via your debit card to recover the sums concerned.

   It couldn’t be easier – though for obvious reasons you’ll need to have a bank account and debit card to benefit from the speed and flexibility of this type of loan product.

   Additional needs

   You’ll typically also need:

   • to be 18 as a minimum;

   • regular income through permanent employment;

   • to be UK resident;

   • to be asking for a loan that is sensible when viewed against your income.

   Some forms of credit history problems may be acceptable to payday loans providers given the smaller sums involved.

   Tags: payday loans
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8. Need payday advances to pay for your child’s new school uniform?

   Posted August 15th, 2010

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   It seems that no sooner do the school summer holidays start, than you need to start thinking about new school uniforms. Payday advances could help spread the cost of that potentially big spend.

   Children need new clothes all the time and you perhaps budget well enough for that on an ongoing basis throughout the year.

   For the start of school after the summer though, it may seem that everyone needs everything (uniform, sports gear, shoes etc) all at once. The costs can mount up amazingly quickly – particularly if you have more than one child.

   Payday advances are a fairly new type of loan that may help.

   The amounts of money involved are typically small – £100-£250 for example, but this will depend on the lender. The money is borrowed for a short period of a few weeks and then repaid in one payment on your next or next-but-one payday.

   Online application

   Payday cash advances are typically available online. There’s a straightforward application process during which a restricted credit check may be carried out.

   To qualify for a loan generally you’ll need to:

   • be in regular employment with predictable paydays;

   • be over 18 and a UK resident;

   • have a bank account with a debit card;

   • want to borrow a sensible amount in relation to your income.

   Quick decision

   Because of the relatively small amounts of money involved, a full credit check may not be necessary, which means that decisions may be given very quickly.

   If your application is accepted, you could find the money in your bank account in a matter of hours in some cases and subject to your bank accepting immediate transfers – it can be as quick as that!

   Repayment option

   Cash advance loans of this type are paid back in a single repayment, which typically includes the interest and agreed charges. These sums are agreed with you in advance, of course.

   Your debit card details are used to set up an automatic repayment and the loan provider will take it from there – you don’t have to remember to do anything.

   Make it easy on yourself

   Payday advances may provide you with the short-term cash injection you need to get everyone back to school in the right gear.

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

9. Which prepaid card?

   Posted August 13th, 2010

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   Prepaid cards are cards that may be used in places that may typically accept card payments, without the risk of building up debt. Before deciding which prepaid card to get, you may wish to consider getting one because:

   • a prepaid card may help you to budget your money. After all, if you cannot spend any more than has already been loaded onto the card, it may be impossible to get yourself into debt;

   • they may be more secure than carrying cash. If cash is stolen, there may be little hope of getting back. If your prepaid card gets stolen on the other hand, then as long as you contact the card’s provider as soon as possible, you may be able to stop the card and ensure that no one else may spend your money!

   • prepaid cards may be particularly appropriate for parents to give to students. You know that your child may be independent now, but you may still want to help them out.

   By giving them a student prepaid card to use, you may be able to set up regular payments into it, to make sure that they have access to funds in an emergency. However, given that you may monitor their spending on a secure website or by text message updates about any spending on the card, if your idea of an emergency and theirs does not tally up, you may want to intervene!

   A prepaid card may be handy for travelling. If you are lucky enough to be able to going through a number of continents, you may not want to carry an assortment of currencies with you. Given that certain prepaid cards may be accepted where you see the card acceptance mark (eg the MasterCard logo) why bother going to the bureau de change? If you are hoping to broaden your horizons during the long summer holidays, you may wish to bear this in mind when choosing which prepaid card to go for.

   Choosing between cards

   Now that you appreciate the reasons for using a prepaid credit card, which prepaid card should you get? There are several to choose from so you may wish to consider:

   • what the initial fee may be for setting up the card;

   • how easy the card may be to top up;

   • whether an additional card may be added to the account; and

   • whether any monthly management fees are charged.

   Applying for a prepaid card

   If you are concerned about your credit history, do not fret. Given that there is no actual “credit” involved in the process, there is no credit check to pass. Instead, the card issuer may wish to confirm your identity. When you have decided which prepaid card to get, you may find which documents they may need to have some information about. So if you have a passport or driving licence, you may simply be able to submit information from that document without even having to send it off.

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

10. Bad debt, payday loans and cash advances

    Posted August 11th, 2010

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    Life’s rarely certain and it can throw problems our way. If you’re looking for cash advances and some forms of loan, those previous problems may count against you if they’re on your credit history – but an answer may be at hand.

    Troubled times

    Even if you have some credit history issues on your credit files, your life goes on.

    There may be times when you need fast short-term cash advances to help you until you next get paid.

    Why that is the case doesn’t matter – it could be for any one of several reasons such as needing to get the car repaired or meeting the final payment on the annual holiday etc.

    The problem is, many conventional loans are geared-up towards larger amounts of money borrowed over long periods of time. As such, they typically perform a full and detailed credit check – and that may highlight your credit history troubles.

    The payday loan

    By contrast, the payday loan has been designed specifically to deal with smaller amounts of money borrowed over short periods of time. The borrowers typically pay the loan back in one go when they next get paid (or the payday after that).

    What this means is that typically the loan providers only need to perform a basic credit check, as the risks to them are smaller than in the case of larger conventional loans.

    The effect of this is that the loan providers may be prepared to accept some credit history problems that would normally stop applications for a larger loan. Of course, no one is guaranteed to be accepted for a pay day loan, but having a less than perfect credit history does not always automatically mean that you’ll be declined.

    What you’ll need

    Typically, a payday loan requires that you:

    • are aged 18 or over;

    • are UK resident at a verifiable address;

    • are in permanent employment and in receipt of a regular salary of wage;

    • have a UK bank account and bank debit card – this is used to send the money to you and to debit you to recover the loan and charges on the agreed date.

    Once approved and depending on your pay day loan company, the loan may in your account within a few hours or by the following day.

    Payday loans – flexibility and speed

    The payday loan may be able to help you through a tricky month even if you have some credit history problems.

    So, cash advances are possible even if you’ve suffered bad luck in the past.

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

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