Making Sense Of Money

Payday Loans For Bad Credit

payday loans for bad creditPayday loans for bad credit are emergency loans for those times of crisis when you need cash quickly and before your next payday. So, if you need need money now and if payday is a little too far away then a payday loan even with bad credit is an option but if you’re not sure that you can comfortably pay it back it may not be the right choice!

These popular but controversial loans are short term cash advances designed to help avoid cash flow problems and costly bank / credit card penalties – we stress the words short term. They are there for life’s little emergencies or as a short term fix to a temporary budget issue – maybe the car breaks down or needs a new exhaust, perhaps there’s an unexpected trip you need to make, a deposit on that bargain holiday, a new, killer, interview suit, a bill that you’d forgotten about … that’s what they’re designed for … in effect an advance on your wages.

There will be a basic criteria you’ll need to satisfy – typically being an adult, UK resident, in employment, earning a certain minimum monthly income and have a bank account with debit card. Many lenders encourage applications from those with a bad credit history but interest rates may reflect this so, as usual, check your quote and pay particular attention to cost and terms.

    

Satisfy the criteria, apply online and, if approved you’ll get the cash deposited straight into your bank account FAST – usually it will be transferred the very same day, often within hours and that’s what makes this form of lending so very popular.

As we have already explained, payday loans are designed as short term advances only – they need to be repaid, in full and by a single payment to coincide with your next payday. Think carefully about what happens then … will the act of repaying the loan then leave you short the next month and will you have to turn to another loan to tide you over? DON’T fall into the payday loans trap that leave you reliant on regular forms of short term, often expensive, lending.

Bad credit payday loans are available from a wide variety of UK lenders or you can apply via a broker who will try to find the best solution for you from a network of UK providers. Whilst each specific lender will vary, typically you can apply very quickly and easily online to borrow from a few hundred pounds and up to £1000 or so, depending on your individual circumstances. Interest rates are renown for being high so pay particular attention to the cost of the loan and make sure it is completely affordable.

 

Payday Loans – New Regulations Are A Coming!

Posted by on 9:28 am in Payday Loans For Bad Credit | 0 comments

Payday Loans – New Regulations Are A Coming!

The payday loans business in the UK is vast and highly competitive. There’s long been controversy surrounding the industry and as a result it would seem that tighter regulation is on the way, regulation designed to better protect the consumer. As we have said before, used correctly payday loans do have a place in society today – the big question is are they actually being used correctly and, hence, are they being marketed in the right way. Let’s look at some of the facts as at mid 2013: There were 240 payday lenders operating legally within...

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Avoid The Payday Loans Trap

Posted by on 8:58 pm in Payday Loans For Bad Credit | 0 comments

Avoid The Payday Loans Trap

These days there is much controversy surrounding the subject of so called Payday Loans. These little loans are designed as a short term fix for a temporary cash flow problem, often brought about by unexpected outlay or an error in the monthly budget. Used correctly that can be ideal but more and more people are turning to them to simply help them get through the month. Borrow today, cash in the bank in just a few hours and pay back the next time you receive your wages, even if credit history is less than perfect – sounds great in theory but...

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Payday Loans – Other Options

Posted by on 11:49 am in Payday Loans For Bad Credit | 0 comments

Payday Loans – Other Options

Who knows why these things only seem to happen at exactly the wrong time but it always seems to be the case – the car needs urgent expensive repairs, the heating system needs mending, emergency dental costs, unexpected vital travel costs, a huge mobile phone bill, a simple miscalculation in the monthly budget – so many things can happen that leave you short of cash at any time and a short term payday loan is the only option right??? Well, a payday loan is certainly one answer but it’s not the only option – there may be better solutions out...

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Payday Loans No Credit Checks

Posted by on 11:44 am in Payday Loans For Bad Credit | 0 comments

Payday Loans No Credit Checks

Payday loans no credit checks are designed, as the name suggests, to provide a little financial help to see you through to payday, even with a bad credit history. As such they are SHORT TERM solutions and should not be regarded as anything different to this. Used correctly they can be ideal but always make sure you know what you’re committing to and think about the financial risks and future implications to ensure that it’s the right solution for you before you sign up. Are payday loans really available with no credit checks? In most cases...

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Bad Credit Payday Lenders

Posted by on 11:30 am in Payday Loans For Bad Credit | 0 comments

Bad Credit Payday Lenders

Bad credit payday lenders have been enjoying a boom in business over recent times but is the bubble about to burst? If you are worried about your financial situation and want to put your mind at ease then, in certain circumstances, Payday loans can help. You just have to know how best to use these loans to help you and how not to fall into the payday loans trap. There are some details you need to know before applying for these loans, and here are some tips to assist you. Make sure that you understand exactly what a payday loan is before...

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Payday Loans With Bad Credit

Posted by on 11:13 am in Payday Loans For Bad Credit | 0 comments

Payday Loans With Bad Credit

For anyone who is struggling to obtain credit from a bank or high street financial institution payday loans no credit checks could be a solution. These days banks are very cautious who they lend to and sometimes, unless you have a completely unblemished credit history, they are reluctant to lend and, let’s face it, how many of us have a perfect credit rating … miss one payment, one late payment – that’s all it takes to put a black mark on our credit file for all to see! However, there are very few lenders prepared to advance funds...

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Bad Credit Payday Loans

Posted by on 10:45 am in Payday Loans For Bad Credit | 0 comments

Bad Credit Payday Loans

Cash flow problems can strike at any time … usually when we least want or expect them to. There’s so many unforeseen reasons that can cause this – the car breaks down and needs repairing, the central heating packs up, a huge mobile phone bill lands through the letter box, unexpected travel cost, a new killer suit for that interview for the job you really want, deposit on that bargain holiday … so many reasons but the end result is the same and you’re left short of money until your next payday and applying for fast cash loans seems...

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