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!
