Archive for October, 2010

1. Christmas cash advance payday loans

   Posted October 29th, 2010

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   With Christmas coming up it can feel like you may never have the time to get all the stuff on your list of people to buy for. Sometimes the number of people you need to buy presents for seems to double overnight. So why not look into cash advance payday loans to take up the slack?

   What are they for?

   Payday loans are for anything that you want to spend them on. They are a form of cash advance until your next payday, like a cash injection, which are paid back on or around your next payday, together with any interest and fees.

   So whether you are thinking about using one to get your Christmas shopping done early, or if you are thinking about using one for a dire financial emergency, a payday loan may be a solution.

   Who can apply?

   Payday advances may not be guaranteed to every applicant. However, if you are:

   • over 18;

   • in full time work;

   • living permanently in the United Kingdom;

   • and are applying for an amount sensible in relation to the amount you earn,

   you may be considered. It may not matter if you do not own your own home. Applicants who have had problems with bad credit may also apply, although not everyone may be accepted automatically.

   How long does it take?

   If you are concerned about the process taking a long time, with Christmas creeping up on you, do not worry. The online application form for most cash advance payday loans may typically be filled in around five minutes (depending on the provider).

   Fortunately, payday lenders may typically use online electronic checks for identity and creditworthiness, which means that there is none of the agonizing waiting around that you may typically associate with loan applications.

   Assuming that your application has been accepted, you may be able to access the funds within a couple of hours, or the very next working day.

   Is it complicated?

   Every stage of the borrowing process is designed to be straightforward from the customer’s point of view. Not only are the forms easy to fill in, but payday lenders may typically make it clear exactly how much will be due when the loan needs to be repaid. No need to reach for the calculator!

   As if that was not simple enough, the repayment for cash advance payday loans (plus interest and fees) may typically be deducted straight from your bank account when they are due. So if you are organised enough, you could have borrowed the money, bought the present, wrapped it and repaid the loan before Christmas!

   Tags: cash advance payday loans
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2. How same day payday loans work

   Posted October 27th, 2010

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   If you are used to the idea of loans taking forever to arrange, same day payday loans may sound like the answer to your problem.

   How can they be so quick?

   If you only want to borrow some money until your next payday, then you clearly need the money quickly. Accordingly, you may not have time to hang around for a few days waiting to see if a bank or building society wants to lend you the money you need.

   Payday lenders may appreciate this fact, and have set up their systems to be as speedy as possible. Some can offer a same day service because:

   • their application forms may typically be short and online;

   • they typically check your identity electronically;

   • they may not do a full, in depth credit check; and

   • transfers of money may be electronic.

   As you can see, the procedures listed above can be carried out the same day that you make your application. In fact, they may even be carried out within the same hour. If that is the case, your application may be completed, processed and the money transferred within just a few hours. Same day payday loans are a reality, not a gimmick!

   What about repayment?

   At the outset of the application, the lender’s website should generally tell you how much you will be repaying. Depending on the lender’s policies, there may be an interest charge, a bank transfer fee and an extra fee if the loan has rolled over for another month.

   Whilst the annual interest rate may also be displayed on a payday lender’s website, the figure that may be more relevant is the actual amount that you will pay back. Looking at the annual interest rate (often called APR – annual percentage rate) is like calculating the annual cost of staying in a hotel. You only want to be there for a night, so the amount that the room would cost for the whole year is irrelevant.

   Given how quick and easy same day payday loans are to apply for, it may not surprise you to learn that they are also typically easy to repay. Usually, the lender  – who already has your account and card details from when he transferred the monies to you – will typically withdraw the pre-agreed amount on the agreed day (normally on or around your next payday).

   Tags: same day payday loans
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3. Christmas is looming – how an online prepay card may help you manage your finances

   Posted October 25th, 2010

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   Managing your finances can be difficult at the best of times. So with Christmas looming, you may wish to think about how you will afford all the presents you have to buy. But Christmas spending does not stop there. If you have a large family or wide circle of friends, how will you pay for the food and drink for the entertaining you like to do? You may wish to consider an online prepay card to help ease the pain.

   What are prepay cards?

   If you have never had a prepay card before, they may prove a revelation to you. Unlike credit cards, there is no chance to get into debt using one. The card only allows you to spend money that you have already transferred across.

   So if you transfer across a small sum of money that you will not miss every month in the run up to Christmas, you may be able to use your online prepay card with a clear conscience. Some families dread their January credit card bill, but with a prepay card you have nothing to fear from the postman!

   How can you top them up?

   Online prepaid cards can be topped up from transfers from your own bank account, but they may also be credited by:

   • making a cash payment at a PayPoint terminal (found at convenience stores); and

   • asking your boss to pay your wages in direct.

   What about the cost?

   With credit cards, working out how much they cost you to use may be confusing. After all, it may be difficult to work out how much the interest calculations will be if you leave an amount on your balance for a few months. With online prepay cards, on the other hand, you may be able to tell immediately how much each activity may set you back, as any usage fees will typically be transparent.

   Overall an online prepay card may help you cope with the financial expense that is called Christmas!

   Tags: online prepay card
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4. A beginner’s guide to quick payday loans

   Posted October 23rd, 2010

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   If you are new to quick payday loans, you may be wondering exactly what they are. After all, what is so special about them, and are they really any different from any other kind of loan?

   Payday loans may typically be available for a couple of hundred pounds, over a few weeks. They are designed to plug a gap in your finances and be repaid, as their name suggests, on your next payday. Larger sums may be available to borrow if you build up a degree of trust with a particular payday lender but regular borrowing is not encouraged by the reputable providers.

   How quick are the loans?

   Payday lenders do not mess about. Instead of asking you to fill in long, drawn out forms, many of them will merely present you with an online questionnaire which asks for your name, address, age and job details. That’s all they need to know to check your identity and run a brief credit check.

   For those of you who are terrified of credit checks, don’t panic. Some payday lenders may not even do a full in depth one. Instead, they may rely on a quick online version, which, although revealing any negative points that may be on your record, may mean that some people who find their credit options limited from other lenders may be accepted with a payday lender.

   With quick payday loans there is only a small amount of money outstanding for a couple of weeks, so payday lenders may be prepared to consider you if you have been turned down elsewhere.

   How do they differ from traditional loans?

   Apart from the speed with which they are processed, quick payday loans may have other advantages over traditional forms of borrowing. From the customer’s perspective, you may find that:

   • it may be easier to understand exactly what you owe, as credit cards, loans and overdraft interest calculations can be tricky. Some payday loan companies have an easy to use calculator on their website that will show exactly how much it will cost you to borrow the money, including any fees and interest;

   • the amounts may typically be repaid automatically on your payday rather than in a few years’ time; and

   • you may not have to justify why you want the loan – as long as it is repaid on time, payday lenders may typically not be interested.

   Tags: quick payday loans
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5. What are the best prepaid cards?

   Posted October 21st, 2010

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   This is not such a simple question to answer, because one person’s idea of what may be “best” for them may not be the same as the next person’s. This article aims to give you a number of things to consider so that you can decide which may be the best prepaid cards for your individual needs.

   There is a wide variety of plastic out there at the moment, so it may be worth comparing what is available to ensure that you get a deal that suits your requirements.

   But first of all, let’s look at the main types of ‘plastic’ around and the differences between prepay plastic and other types.

   Who can get what?

   Have you got a poor credit rating? If so, you may even find that certain credit cards may be out of your reach and possibly even a bank account.

   With prepaid cards on the other hand, the card issuer is not lending you any money. Generally, there may not be a credit check involved at all, so even if you have been refused plastic before, with this type of plastic you may be eligible to apply. Another bonus is that with some prepaid cards you also get an associated e-bank account.

   Debit cards and bank accounts

   When it comes to old fashioned “debit” cards, different banks and building societies vary about their policies of giving them out. Some banks may only allow you to have a debit card if you pay in a certain amount per month. And if you have what they consider to be a ‘risky’ credit history, as discussed above, they may refuse to give you a bank account. Without a bank account, you cannot have a debit card.

   Credit cards and fees

   If you are accepted for a credit card, do you know exactly how much you will be liable to pay for interest and any other fees? Credit cards typically charge their customers interest, which may rack up over the months if you are unable to pay off your balance immediately. It may be difficult to work out how much you are likely to pay.

   What do the cards cost to use?

   With some of the best prepaid cards, you may know from the very beginning how much each transaction will cost. This transparency may appeal to people who like to budget.

   Charges may be made for some or all of the following actions, depending on your card provider:

   • topping up at a PayPoint terminal;

   • electronic transfers on the cards;

   • withdrawals of cash at ATMs;

   • making purchases in shops; and

   • the issue of the cards themselves.

   How much can you spend on them?

   Standard credit cards may have spending limits on them, which may be determined by your earnings and credit history. Sometimes it may be difficult to keep track of your spending until the card gets refused when you are at the limit!

   Debit cards may have set daily spending limits (as do prepaid cards) and, the idea is that you can only spend what is in your bank account. However, sometimes, and depending on your bank, you may slip in to an unauthorised bank overdraft if you spend more on your card than what you have in your bank account, which may attract interest charges and possibly other fees.

   With the best prepaid cards, on the other hand, with some providers it may be possible to get details of every transaction texted to your phone so you know exactly where you stand. And as you can only spend what you load on to the card, you can feel confident that you won’t overspend.

   Tags: best prepaid cards
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6. Why look at internet payday loans?

   Posted October 19th, 2010

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   Sometimes as a customer does it feel as though everything is stacked against you? That banks want to say “no” to you rather than “yes”? With internet payday loans, things are different. Instead of making you practically write a novel on application forms as long as a telephone directory, payday lenders typically have a short, online form for you to fill in.

   The process may be simpler than other methods of borrowing because the lenders typically do not care what you use the money for. For some borrowers, internet payday loans may be a lifeline that is thrown out to them, enabling them to get through to the end of the month. For others, they may choose to use the payday loan for another, more light hearted purpose like securing a bargain before a sale runs out or putting down a deposit on a holiday.

   The green way to borrow

   Apart from the hassle and time that you spend filling in numerous bits of paperwork for other types of loan, have you ever considered the cost to the environment? Cash advances may be a “greener” way to borrow because:

   • no paperwork may be involved; and
   • no fossil fuels are needed to deliver forms.

   The fast way to borrow

   Imagine how quickly you could get a loan organised if it was all done over the internet. Even your credit and identity checks may be carried out online, after you have inputted the information the lender requires into a short online questionnaire.

   The results of the checks may be back with you within minutes. Whilst the system is taking a moment or two to verify the information that has been provided, why not make a cup of tea and plan how you’ll spend the money?

   The easy way to repay

   Great as internet payday loans may be, they still have to be repaid. Accordingly, payday lenders may typically have organised to take the repayment amount (together with any interest charges and fees) out of your bank account on the appointed day automatically. So while you still have to part with the money, at least you do not have to remember to do anything.

   Tags: internet payday loans
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7. Might fast payday loans be an option for you?

   Posted October 17th, 2010

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   If you have experienced financial problems in the past, it can be easy to consider yourself as excluded from getting credit in the future. But this may not be the case with fast payday loans.

   Who are payday advances for?

   In the last couple of years a new type of lender has emerged onto the personal finance scene that may be worth a look. Offering a form of cash advance until your next payday, these small amount loans are specifically geared towards people who need a quick, temporary cash injection into their finances. Fast payday loans may be available to people who:

   • are over 18;

   • permanently resident in the United Kingdom;

   • in full time work; and

   • have a bank account that accepts electronic transfers and comes with a debit card.

   The identity and credit checks that are carried out by payday lenders typically happen electronically, which may mean that the results are available quickly. Not everyone who applies for a fast payday loan may be accepted. However, given the small amounts involved, you may find that payday lenders may be more prepared than others to offer credit to those with less than perfect credit histories.

   What are payday loans for?

   Refreshingly, payday lenders may typically let their customers spend their cash advances on whatever they please. As long as the agreed amount is repaid in full when the appropriate time comes, payday lenders may not be interested in what the sum is spent on.

   Accordingly, payday loans may be used for:

   • emergency bills like car repairs;

   • paying off urgent utility bills when the reminders have turned to red;

   • putting down a deposit on a holiday or another large purchase;

   • taking advantage of discounts in sale; or

   • simply getting your family through until payday.

   How do you pay them back?

   If you thought that fast payday loans were easy to obtain, you may be pleasantly surprised to learn that they are even easier to pay back. In most cases, all you have to do is make sure that you have the funds in your bank account when your next pay day comes around. The lender may then deduct the outstanding amount automatically.

   Tags: payday loans
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8. Need a Halloween costume for the kids? Consider online payday loans

   Posted October 15th, 2010

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   What happens when the kids want a Halloween costume when you just can’t afford one? You can give them all the answers you want about not fitting in with the household budget and needing to pay the bills first. But you must be able to remember what it felt like when everyone else at school had something that you did not. Could online payday loans be a solution?

   Online payday loans have a variety of potential uses, which may include:

   • emergency or unexpected bills;

   • buying enough food or petrol to last until payday;

   • topping up your electricity key; and

   • last minute purchases like Halloween costumes!

   Quick application process

   Of course, in an ideal world you would be able to whip up a witch or wizard suit on your sewing machine in a spare evening. But these days parents are so busy balancing work and family life that these things get missed out.

   If you decide to go for a cash advance to bridge the gap, you may be pleasantly surprised at how quickly you may be able to fill the form in. In fact, many payday lenders may typically operate online and may not even require any “hard copies” of any paperwork.

   Not only does this make the process quick and easy for you, but it is also environmentally friendly.

   Quick delivery of funds

   Like any loan, no one is guaranteed to be accepted. But given the relatively small amounts of money involved, you may find that payday lenders may be more accessible to people who have had credit problems in the past than traditional lenders.

   If your application is accepted, you may be pleased to learn that the funds may be in your account before you even have a chance to check your balance.

   Now the only thing you have to decide is which Halloween costume to buy!

   Quick repayment

   Part of the attraction with online payday loans may also be that they may typically be repaid quickly. There is no need to have the loan hanging over you for years. Accordingly, you may be able to clear the loan in November, when you may wish to start planning how to pay for your Christmas presents.

   Tags: online payday loans
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9. The benefits of getting a prepay card

   Posted October 13th, 2010

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   There are a number of prepaid cards on the market. However, there is little point in having one if it is not widely accepted, such as prepaid MasterCards which may be accepted wherever the symbol is on display.

   You may not notice how many places accept cards until you actually go out and look for the symbol. For instance, you may be able to use your prepaid card to:

   • pay bills online;

   • make purchases online;

   • buy petrol at fuel stations;

   • have meals out at restaurants; and

   • do your food shopping at the supermarket.

   What else may you take into account?

   Once you have decided to get a prepay card, how may you distinguish between the cards on offer? The answer to this question depends on how you bank generally.

   If you are always online, then you may wish to choose a card that can be topped up electronically. If you are always popping into your local shop, you may want a card that can be topped up at a PayPoint terminal. Some cards can be topped up by both methods.

   If you have an active speed-e-card, you can load a payday loan from speed-e-loans straight on to it, if your payday loan application is successful.

   Likewise, you may also wish to check that the card can be used abroad. If you are a regular traveller, you may want to make sure that you can use it in a different country and what sort of fees it will attract.

   How can you get one?

   One of the attractions of using a prepay card is that they are generally very easy to apply for. Firstly, the card providers who offer them may typically operate online, so you may be able to complete the application form in a couple of minutes.

   Given that there may not be any credit involved, you may not need to have a credit check. This may also be useful for people who have a less than perfect credit history and who may have been refused plastic elsewhere.

   There may not be any “paperwork” to deal with, so the process may be hassle free and kinder to the environment too. No trees have to be cut down for you to fill in an online form!

   Generally, as long as you have a permanent address in the United Kingdom and can prove your identity with reference to your passport or driving licence, getting a prepay card may be straightforward.

   Tags: prepay card
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10. What are easy payday loans?

    Posted October 11th, 2010

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    There’s nothing worse than getting a large unexpected bill. But if your washing machine breaks down or your car needs some serious work to get it through its M.O.T. these are bills that cannot be put off. If you haven’t known about them before, you may wish to consider easy payday loans in these circumstances.

    Your options

    What are your options in this situation? Up until now, if you have no spare cash,you may have thought that they were limited to:

    • using your credit cards;

    • dipping further into your overdraft facility; or

    • getting an unsecured loan.

    But depending on your individual circumstances, you may want to look into alternatives to the above options, like easy payday loans.

    After all, if the amount that you need is only a couple of hundred pounds, then traditional unsecured lenders may not be interested in lending you such a small amount. Also, if you only need the money for a few weeks, why get out a large loan that would be hanging over your head for years?

    At least payday loans may, depending on status, be taken out for exactly the sum that you need, and typically cleared on your next payday, together with any interest and fees.

    The cost of borrowing

    It may be that you think credit cards and overdrafts may be convenient and close at hand. However, do you really know how much these methods of borrowing are costing you? With credit cards, unless you pay off the outstanding amount in full, the interest mounts up and you may end up paying interest on the interest itself!

    And with some unauthorised overdrafts it could work out costing you more than a payday loan as highlighted in the Daily Mail.

    Payday lenders may typically have a calculator facility on their websites which may allow you to select a loan amount and show immediately what that would cost you to borrow.

    The availability of borrowing

    When it comes to borrowing money and paying it back, not many people are perfect. However, traditional banks and credit card companies may still expect us to be. Some lenders may try to punish you for a less than perfect credit record by either not allowing you to borrow from them or charging an unattractive interest rate.

    With easy payday loans on the other hand, you may find that lenders may be more realistic about their borrowers’ credit checks. Some may not do a full, in depth credit check so you may find that they are more prepared to lend to you than other providers.

    Tags: easy payday loans
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