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Category: Payday Loans

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Payday Loans – Advantages and Disadvantages

You may have heard about a few of the disadvantages of payday loans, such as their higher interest rates when compared to long term loans. But will you really be paying back that much more interest overall? As the loan terms are much shorter, this is not always the case.   There are many other benefits […]

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Payday Loan Help

If you find yourself in a situation where you need cash fast, you may be considering taking out a payday loan. But if you’re new to short term credit, you may not know much about payday loans themselves, or what lenders are available. You may also be concerned about eligibility.  If this is the case, […]

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Advantages of Payday Loans

When it comes to short term loans, everyone has heard of payday loans. But what do you really know about how they work? Are the interest rates as high as people think, and are there any advantages to taking out a payday loan? As with most things, there are advantages and disadvantages to taking out […]

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What is a Payday Loan?

Most people have heard of a payday loan. They are famous for having high interest rates, and are thought to only be aimed at individuals with a bad credit score. But these are generalisations – there may be more to a payday loan than you realise. Why Might You Need a Payday Loan? A payday […]

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Should You Choose an Unarranged Overdraft or a Payday Loan?

For those in a tight financial spot in can be difficult to come to a decision on the best course of action. If you’re unable to call on the assistance of close friends or family members in a time of a financial uncertainty, the most common options are going over your current account limit with […]

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Overdrafts more expensive than payday loans, says Which?

Originally written By Brian Milligan (Personal Finance reporter) on 8 July 2016 at the BBC. Borrowing money on an unarranged overdraft from your bank can be more expensive than taking out a payday loan, says consumer group Which? Anyone who borrows £100 for 28 days from a payday lender now faces a maximum charge of […]

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Why You Should Think Carefully Before Applying for a Payday Loan

Getting a payday loan can seem incredibly tempting You get fast money: immediate cash to splash out on whatever you want. But there is a reason that payday loans get the bad press that they do. It is extremely easy to get caught out with loans of this type, and you could end up in […]

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The Benefits of a Payday Loan

Poor credit ratings are a plague for many people, temporary work contracts, the recession and the rise of living costs have all had a massive impact on how people live and how they pay for the basic requirements of life. A poor credit rating means that many high street lenders will not offer loans or […]

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How to Apply for a Payday Loan

Payday loans are really loved and hated by different people. These loans have been intended specifically for simple emergencies thus it is not a long term problem. Here are some of the tips to follow before applying for a payday loan. Educate yourself about payday, know its definition and its basics before you start the […]

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How Do Payday Loans Work

Lenders from payday loans make out quick, easy and extra cash from this business. Before you decide on getting a payday loan, here are some things you need to note down. Paydays are not a long term solution as they are also expensive and quick fix. They are always aimed at borrowers who have run […]

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Why Use A Payday Loan

Payday loans are useful tools used by employees in many countries to access quick cash when they find themselves in dire financial straits before their next pay check is due. In the UK, the payday loan cash advance industry is large and growing with over £1 billion pounds being borrowed every year by millions of […]

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What is a payday loan?

A payday loan is a small short term unsecured loan granted by a lender to a borrower with the expectation that the loan would be repaid with the borrower’s next payday check. Some people refer to payday loans as cash advances as they are designed to help the borrower access expected cash in advance before […]

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The Limitations Of Payday Loans

Payday loans are very useful cash advance loans that are given to a borrower to be repaid at their next payday. This type of short term loans are getting more popular as more people now turn to this quick cash solution to get the cash they need before their next payday check. However, payday loans […]

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Should I Get a Payday Loan?

Have you ever wondered if you should take out a payday loan? First, what is a payday loan? A payday loan is a short term loan given to a borrower by a lender, payable on the borrower’s next payday. This means that someone who needs quick cash before his payday can get a payday loan […]

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How to get an online payday loan

Applying for a payday loan online makes the entire process easy and quick. With online cash advance service you do not even have to leave your house to get the cash you need. The entire process can be completed online in a matter of hours without you even stepping out of your house or office. […]

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UK Payday Loans

The UK payday loans industry has enjoyed tremendous growth in recent years as many more people are turning to this short term loan source for quick access to needed cash. The number of people recorded to have used these loans in 2009 is four times more than those who took payday loans in 2006. As […]

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The facts about payday lending

Payday loans are generating a lot of attention as more people seek out sources of easy and quick short term cash loans. There is thus a demand for payday information that would provide simple facts about payday lending. Here is a compilation on some of the facts about payday lending. What is payday lending? Payday […]

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Same Day Payday Loans

One of the most attractive features of payday loans for many people is the fact that it is quick and fast. It is an effective same day cash solution for people in need of quick cash. The loans are short term and unsecured, but the entire process is so simple and fast that they are […]

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Payday Loans – What to look out for

Consumer groups and professional debt advice services have long been concerned about payday lenders. Vulnerable groups of society, many of whom have bad credit, and are on very low incomes, are often forced to turn to payday lenders as a last resort. Currently, more than one million people in the UK are borrowing from payday […]

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5 Things You Didn’t Know About Payday Loans

The continued debate over payday loans has been reignited after a well-known payday loan company recently posted record profits for the past year. The argument over payday loans is divided between those who think they offer a good service, and those who believe their massive interest rates to be unacceptable. So what is the truth […]

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Alternatives to Payday Loans

Massive APR rates, as well as high charges, have given payday loans a bad press and rightly so. Penalties for defaulting, increasing debts by rolling-over loans to the next month, and lack of responsible lending, leave customers caught in a never-ending payday loan trap. When you need funds in an emergency though, and friends or […]

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Payday Loans – The Limitations

Small cash advances provided through payday lending are a form of short term loan designed to help borrowers cover expenses until they receive their wages or salary. Payday loans do have limitations dictated by their terms and conditions, and by financial regulation. Limitations of payday loans Payday loan limitations include: Smaller loan amounts. Shorter loan […]

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Payday lending, the facts

People struggling to pay bills before payday often turn to short term lenders to meet their financial responsibilities. Doing so allows these individuals to pay their bills on time so that they do not default on payments before their wages or salaries are actually received. Payday loans in particular provide timely access to smaller funding […]

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Choosing which Payday Loan company to go with

Payday loans have historically had quite a bit of negative press, mainly due to the shady lending practices of some of the payday lenders. We wish we could say that all lenders were legitimate and trustworthy but unfortunately that’s just not the case. There are lenders who seek to take advantage of people who are […]

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Payday Loans – The benefits for you

Different types of payday loans meet specific loan purposes and have varying loan criteria.  Each type of loan, its terms and conditions, fees, and interest rates can benefit borrowers in different ways. A payday loan is a type of short term loan; other types of short term lending options include overdrafts and personal loans. Some […]

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