Archive for January, 2012

1. Finding the best payday loan companies

   Posted January 31st, 2012

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   Finding the best payday loan companies may require a little thought combined with an understanding as to how these borrowing products actually work:

   • of course, the best payday loan companies for some borrowers may not prove to be the best for you – you may need to be prepared to invest a little time in evaluating a number of options before finding a solution that you believe is suitable;

   • one of the key points about fast loans is that they are fast – therefore, you may wish to look for a provider who is able to offer you with a fast response to your application and if approved, direct transmission of the sum required to your bank account;

   • a fast loan, including the lender’s charges, is typically repayable sometime around your next payday but if you don’t find it easy to remember to pay bills, you may appreciate the facility offered by some lenders that involves being able to collect the sum due directly via a debit to your bank debit card,

   • this form of lending is primarily intended to be used for smaller sums (typically under £500) advanced over shorter period of perhaps a few weeks until your next payday – some payday advance providers may offer more flexible lending durations perhaps including up to your next-but-one payday but it may be prudent to remember that these advances are not designed for borrowing over longer periods;

   • you may be pleasantly surprised to discover that providers typically are more relaxed about applicants with certain forms of credit history problem (due to the smaller sums involved) but some may be more flexible and understanding than others;

   • the charges and fees applied by providers may vary considerably between one company and another, you may be able to find some cost and other advantages if you look around and compare the propositions of various lenders;

   • some providers may be able to operate entirely electronically and therefore without paperwork, mail exchanges and tiresome faxes, so if you’re interested in green issues including protecting trees, then such lenders may be amongst the best payday loan companies for you.

   Tags: best payday loan companies, fast loans
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2. Instant pay day lenders and New Year blues

   Posted January 27th, 2012

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   The period after the Christmas and New Year holidays may be bleak – and not only in weather terms. It may also be a time of financial stresses as we recover from the holiday spending – and that is when we may have need of instant pay day lenders.

   The payday cash advance

   This is a relatively recent arrival to the marketplace.

   The entire philosophy revolves around the concept of offering people a fast cash advance of a smaller sums of money (perhaps up to £500) in order to deal with an unexpected problem or equally, an opportunity that has arisen when payday is still some time away.

   Available through instant pay day lenders online, these products are designed to be fast in every sense.

   After a brief online application, you may be able to anticipate an almost immediate decision and if it’s all systems go, the money may be with you in your bank account in just a few hours (bank holidays and weekends excepted of course).

   Then, on the agreed date on or around your following payday, the payday loan lender may place a debit on your bank debit card to recover the original advance plus their charges (you will have seen and understood these and the recovery date, at the time you took out the advance).

   Is this a cheap cash advance?

   Lenders that specialise in this type of product will have published rates and tariffs that need to be studied closely to ensure that you have found a deal that meets your needs.

   What is cheap for one person may not prove to be so for another so whilst recommendation and advertisements are useful, there may be no substitute for looking around, doing your sums and comparing cash advance one offer against another.

   Remember that it is important to ensure that the agreed sum is repaid exactly on the agreed date as changes to the agreement and delayed repayment, may involve you in additional charges for interest and possibly administration.

   Instant pay day lenders will typically be only too happy to confirm the details of their charging and repayment policies and clarify anything you do not understand.

   Tags: cash advance, instant pay day lenders, payday loan
   Posted in payday loans | No Comments »

3. Using a short term loan

   Posted January 25th, 2012

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   The short term loan may be a very useful facility to have at your disposal in the event you encounter an unexpected cash flow crisis:

   • the short term loan (sometimes also referred to as speed-e-loans or payday cash advances) exists to try and help you deal with entirely unexpected problems such as an unplanned bill that has just arrived – or it may equally be applicable in situations where you have spotted a great opportunity but just do not have the money immediately available to take advantage of it, as payday is still some weeks away;

   • you may be able to take advantage of this type of borrowing product simply by making a quick online payday loans application – some providers of this type of borrowing operate almost exclusively on the internet meaning that you may find a refreshing absence of paperwork;

   • as a general principle, these facilities are designed for modest lending with sums of somewhere between £100-£500 perhaps being the norm;

   • on your next payday, the provider may be able to directly charge your bank debit card with an amount of money representing the total of the money you borrowed plus their previously agreed charges;

   • it is typically as simple as that and you may not even need to have an exemplary credit history record in order to secure such an advance;

   • what you typically will need is to be in a permanent job which is giving you a regular monthly income of a predictable amount – the online payday loans provider may use this to assess how much you may be able to realistically borrow and then repay in one go in a few weeks time;

   • being realistic, it may prove to be difficult to secure this type of cash advance if you are unemployed, a casual worker where income is not guaranteed or in some forms of self-employment;

   • in order for the mechanics of the money transfer and debt recovery to operate, you will typically need to have a UK bank account and a bank debit card, which links to it;

   • a short term loan may provide you with an extraordinary degree of extra flexibility if you are having a difficult month – it may be worth finding out more.

   Tags: online payday loans, payday cash advances, short term loan, speed-e-loans, speedyloans
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4. A cheap payday loan for a long January

   Posted January 23rd, 2012

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   At this time of year with the Christmas and New Year festivities over, you may have some fond memories of some great times. You may also be feeling relieved that Christmas only comes once a year. If you are also in the position though of wishing that payday came more than once a month, then a cheap payday loan may be just what you need.

   A cheap payday loan (and remember that what you consider to be a cheap loan may not be the same as what someone else considers to be a cheap cash advance) may provide you with a relatively modest sum of money, perhaps in the range £100 – £500. You may typically arrange to pay the cash advance off when you next get paid – perhaps in a few weeks or so.

   The sum that you repay is the amount that you initially borrowed plus interest charges that may typically be determined by the number of days that you have the loan for.

   You may also be charged for the services of the cash advance provider.

   All of these charges may typically have been agreed upfront in advance. To apply for this type of finance you may typically need to be:

   • in a job which provides you with a steady income

   • in possession of a bank account which has an associated debit card;

   • over 18 and resident in the UK.

   You may find that some providers of these speedyloans may typically operate online and may be able to provide a response to your application within a very short timeframe.

   Since some providers may feel that only a fast credit check may be required, you may receive a same day decision on your application. Then if you are using a provider who has the facilities and you have a bank account which is capable of accepting fast transfers, you may find the funds popping up in your account in less than a couple of hours (on a working day).

   Then on your chosen repayment date, the cash advance is paid off in full with some providers carrying this out using an automatic debit card transaction on your bank account.

   The temptation to spend a bit more than you should have over the Christmas period may have been hard to resist and your finances may now be feeling the strain a bit. A cheap payday loan may help by providing you with just the amount you need to bridge the gap until payday.

   Tags: cash advance, cheap payday loan, speedyloans
   Posted in payday loans | No Comments »

5. Who offers the cheapest cash advance?

   Posted January 19th, 2012

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   As we are now in the New Year, it is not too unusual to find that finances may be getting stretched a little tight, especially in the aftermath of Christmas. If so, you may be interested in thinking about where to find the cheapest cash advance:

   • perhaps the first thing to try and remember is that what is the cheapest cash advance product for someone else may not prove to be cheap for you – it may be important to shop around, carefully examine the facilities and prices on offer from different lenders and then to make your own decision;

   • in addition to closely examining the prices being offered, it may also be worthwhile thinking about how UK payday loans operate and how you may be able to help to control your own costs;

   • typically, you will make an online application and after a very fast decision (and assuming it is positive) the money may be sent immediately to your bank account;

   • then, in the case of some payday loan lenders, on a date around your next payday, a charge will be placed on to your bank debit card by the provider comprising the total of the amount you have borrowed plus their agreed charges;

   • payday loans are not typically regarded as being suitable for longer-term or larger amount borrowing (a typical sum may be under £500);

   • they may also not be the most suitable product if you are looking to deal with a debt that you have been consistently unable to pay, consolidating a series of debts or as a way of regularly supplementing your monthly income which is proving to be insufficient to deal with your normal daily life expenses;

   • it may also be highly advisable to ensure that you borrow a sum that you know you will be able to comfortably repay in one go, without creating further financial difficulties for yourself in the month ahead;

   • by avoiding inappropriate uses of this type of borrowing, you may end up helping to manage downwards, the cost of your borrowing;

   • when you are looking for the cheapest cash advance, remember also that failing to repay the money on the due date may involve you in additional charges and administration fees.

   Tags: cheapest cash advance, payday loan, UK payday loans
   Posted in payday loans | No Comments »

6. Accessing fast cash online

   Posted January 16th, 2012

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   Sometimes a challenging financial month may mean that you would be grateful to be able to access fast cash online:

   • fast cash online (also sometimes known as payday loans) may be able to make relatively modest sums of money available to you at very short notice;

   • by modest, the sums involved may average between £100-£500 although you may be able to see larger sums in certain circumstances (e.g. if your salary level justifies it);

   • these advances are different to some forms of conventional lending in that you will typically be expected to repay the borrowing in go, sometime close to your next payday;

   • these are typically short-term loans designed to help with occasional unpredicted cash flow crises, such as the arrival of an unexpected bill requiring immediate payment;

   • in order to secure this type of advance, you may need to be able to demonstrate that you are in permanent employment and the recipient of a regular and predictable monthly income;

   • you may also need a UK bank account which has some form of bank debit card associated with it;

   • you may be able to apply for these advances online and receive a very fast response – if it is positive, the money may be in your bank account within a few working hours;

   • when it is time to repay the advance plus the lender’s charges, you may find that some lenders may be able to offer you the ease of an electronic debit to your bank debit card to collect the agreed sum;

   • it is important to remember to leave sufficient funds in your bank account to cover the lender’s debit when it arrives, if you do not and they are unable to collect the agreed sum, you may find yourself incurring additional charges;

   • you may find that typically the lender will not make enquiries as to why you need the money and you are free to dispose of it as you wish;

   • in practice, the pricing of fast cash online facilities may vary considerably between lenders and shopping around for an appropriate deal may be advisable.

   Tags: fast cash online, payday loans
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7. What is fast about fast pay day loans?

   Posted January 13th, 2012

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   Having survived the holiday season, finances may be a little bit tricky and you may be wondering just how fast those fast pay day loans really are.

   The basic principles of fast pay day loans

   You may already be broadly familiar with the way that these products operate:

   • a simple online application may result in rapid approval and the money arriving in your bank account within just a few working hours;

   • then, on a date you will have agreed with the cash advance lender, you will repay the sum borrowed plus agreed charges and fees in one go.

   As you see from the above, if you select an appropriate provider you may be able to access the money very quickly indeed.

   What you will need

   To succeed in being able to get the fastest access to fast pay day loans, you may need to be able to show the provider that you meet certain minimum criteria:

   • to be UK resident with a UK bank account and associated bank debit card;

   • working in a permanent occupation and receiving a regular salary;

   • to be a minimum of 18 years of age and looking to borrow a sum of money that makes some sort of realistic financial sense when compared against your normal income level.

   Possible delays

   In typical circumstances, delays in your application may be unusual but they may arise in situations such as:

   • there is insufficient evidence of your employment or place of residence, in which case the lender may request sight of some additional evidence to substantiate who you are, where you live and how much you earn;

   • although it is possible to obtain things such as a speedy loans quote even if you have some forms of credit history problems on your records, in some situations where your records are particularly problematic, providers may wish to discuss with you the possibility of borrowing a smaller sum by way of proving your responsibility – you may be able to borrow larger sums in future if you pay the initial advance off as agreed;

   • in order to obtain fast pay day loans within just a few hours, your own bank must have systems capable of accepting instant inbound bank transfers.

   Tags: cash advance, fast pay day loans, speedy loans
   Posted in payday loans | No Comments »

8. How do I get a fast advance on salary?

   Posted January 9th, 2012

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   At one time, it may have been possible to ask an employer for a fast advance on salary if things were a little difficult one month.

   This though, is becoming a little harder to find, as employers typically seek to reduce the amount of exceptional processing they need to do each month with their internal payrolls.

   It may also be the case that the employer/employee cultural relationship has shifted over recent decades and people may be increasingly reluctant to go and discuss their financial affairs with their colleagues in the organisation, simply in order to try and secure a fast advance on salary.

   A borrowing product range sometimes referred to as speedyloans or payday advances, may provide an alternative.

   Typically available online, a relatively simple application process is all that is required. You may need to confirm that you are 18 years of age or over, are in permanent employment providing you with a regular income and that you have a UK bank account with a related bank debit card.

   Assuming your application is approved, the money may be immediately electronically transmitted to your own bank account, where it may potentially be ready for you to use within less than a few hours of your first application.

   Then, to continue the simplicity of operation, you will repay the amount concerned (plus the provider’s fees that you will previously have seen and agreed) in one go on or near to your next payday. Some payday loan providers may even be able to place a direct charge against your bank direct card to recover the agreed sum.

   Just to further emphasise the difference between this and obtaining an advance on your salary, the lenders here may ask you no questions at all as to why you need the money or what you plan to do with it. That is your concern entirely and is nothing to do with them.

   Do remember to regard the fast advance on salary products as being designed for short-term emergency borrowing. They may not be suitable for longer-term requirements nor should they be used every month in an effort to try and supplement your regular monthly income.

   Tags: fast advance on salary, payday advances, payday loan, speedyloans
   Posted in payday loans | No Comments »

9. What is a cash loan advance? Common questions

   Posted January 7th, 2012

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   As we enter the New Year, finances may be a little tight as we all try to recover from the Christmas excesses. In that situation, a cash loan advance may come in very handy.

   What is a cash loan advance?

   It is a facility that may enable you to borrow somewhere between £100-£500 quickly and with only limited formalities.

   Applications may be completed online and if approved (you may receive an almost instant decision) the money may be sent to your bank account electronically and be available within as little as an hour or two of your initial application.

   What can I spend the money on?

   Typically, anything you wish. There may be no questions at all relating to the purpose of your request.

   How long do I have to repay it?

   This form of borrowing (also sometimes referred to as direct payday loans) is intended for short duration requirements.

   Typically, the amount borrowed plus the lender’s charges will be repaid in one single sum sometime in the area of your next or next-but-one payday.

   You may find options for more flexible periods but it should be remembered that these products might not be suitable for longer-term borrowing or for managing other debts/debt consolidation.

   How much is this likely to cost me?

   That depends very much on how much you borrow, for how long and from what payday lender.

   The terms, conditions and tariffs of providers may vary by a considerable degree and shopping around is typically advisable.

   What happens if I cannot pay it back on the agreed date?

   If you notify the provider in advance that you may struggle to make the agreed date, you may find that they will be perfectly willing to agree a revised date but as you might expect, this may involve you in additional charges.

   Simply not paying the money back on the agreed date is not recommended, as not only may you incur additional charges but this may also communicate a degree of irresponsibility.

   If you wish to be able to secure a future cash loan advance, your reputation may be highly important and it is therefore something you should seek to protect.

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

10. January sales and instant payday loans

    Posted January 3rd, 2012

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    After all the possible excesses of Christmas, you may be thinking that this year you may have to give the January sales a miss. With instant payday loans though, you may not have to miss out on the bargains just because they may be on sale before your payday comes around:

    • instant payday cash advance loans may be available to provide you with a fast short term injection of some ready cash;

    • the amounts available may be as much as £1000 though sums of between £100 and £500 may be more typical;

    • this form of borrowing, also called a short term loan, has a short duration and you may typically expect to pay it back in total on your next payday or perhaps the one following that;

    • providers of instant payday loans may typically be found online and with some the process may be completed without the need to fax or post documentation back and forth, so the whole thing may typically be completed very quickly and you may find the funds transferred into your bank account in just a couple of hours following approval of your application;

    • because the sums involved with this type of borrowing are typically modest there are some payday providers who may not require an in-depth credit check and this might mean that not only is the decision process greatly speeded up but you may also find your application gets the green light even if you have had some borrowing or repayment problems in the past;

    • although acceptance criteria for fast cash advances may be relatively relaxed, providers may obviously reserve the right to decline applications where they feel the risk to them may be too great;

    • borrowing of this nature is intended as a short term stop gap to get you through a temporary cash flow problem and is not suited to purposes such as rescheduling or debt consolidation;

    • since the sum you borrow is typically repaid in just one instalment, you have to be happy that your budget can easily accommodate this;

    • if you are in regular employment, over 18 and resident in the UK then you may be able to take advantage of instant payday loans to get you through a tight week or two.

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