Payday Loans

Instant Money Payday Loans

Instant Payday Loans

/ By / In Instant Payday Loans, Payday Loan Lenders, Payday Loans

Immediate access to quick cash through an Instant Payday Loan. Apply direct and get your loan secured for low cost and little risk. Instant payday loans are a very popular way to get immediate access to money. You can borrow from 50 pounds up to 400, 500 pounds. or even up to 1000 pounds. Apply online directly at one of many instant payday loan direct lenders in the UK. Instant decisions guaranteed.

These loan providers are also known as online short term loan providers. Typically you will have access to the loan for a period of twee weeks up to three months. The longer the stretch, the higher the cost. Be aware of the total cost and the time before you will have to pay back the loan.

Easy Payday Loans in UK

These payday loan lenders are plenty in the UK. You can easily apply for an instant loan at one of these lenders by filling in a form at their websites. These forms are simple to fill in and you’ll be ready with your application within minutes. Most lenders who offer instant payday loans promise to have your application dealt with within 5 to 15 minutes after which they deposit the amount on your bank account.

Some pay day loan lenders are a little hesitant providing loans where other providers make no difficulties. After you applied for a loan you will receive a proposal by e-mail, sometimes with an immediate offer for you to accept or decline. Or in other cases you will have to provide additional information.

But for some awkward reasons some lenders even want you to send a fax with additional information or some prove about your income; as if a photo taken with your cellphone of your bank account statement send by e-mail or through an online form on their website, isn’t enough.

Instant Payday Loans Costs

Before accepting your loan offer be aware that the world is not build by fairies and there is one very important thing to take into account: the total cost of the instant payday loan you are about to accept. These fees of these instant loans can differ between 20 to 50% of the total amount of money that you’d like to borrow, depending on

  1. The lender or the payday loan provider
  2. The amount of money you want to borrow
  3. The amount of days before the repayment.

So f you like to lend 200 pounds you have to pay this back, typically between 14 and 40 days (depending on the lender and your preference) and your cost will be between 40 and 100 pounds. Therefore the lender will expect 240 up to 300 pounds paid by you after 2 to 5 weeks. See for more information: What Do Payday Loans Really Cost?

Repaying Payday Loans

If you find yourself unable to repay the loan, you should get in touch with the lender as soon as possible. By getting in touch you may work out an agreement on when to pay back and how. This may also prevent more costs.

When you will call them, it may be wise to think a little bit ahead about what you would like to propose: by which date you think you will be able to repay. That’s what most companies would like to hear. Are you going to be able to repay the loan by next week? Or would like you to repay the loan in weekly or even monthly installments?

A large delay or paying in installments typically would mean extra costs, due to the interest rate or extra fees, but by working out an agreement together you prevent this cost to spiral out of control.

You should only get a payday loan if you can pay it back comfortably, on time and still afford all your other outgoings. You need to ensure that you don’t fall into a regular cycle of borrowing and repaying (source).

No credit check instant loans

Because most lenders perform almost no credit check, many people take out another loan at another direct loan provider to repay their old loans. Many consumers take out a so-called Instant Payday Loan For Bad Credit as a way to repay their existing debts or because they find themselves indebted and broke.

As such they keep on hopping from one lender to another and yet to another until the costs have totally spiraled out of all proportions. It’s at this point that people find themselves unable to repay their debts. They are stuck in the Debt Trap. Read I can’t pay back my payday loan, what can I do?

You should only get a payday loan if you can pay it back comfortably, on time and still afford all your other outgoings. You need to ensure that you don’t fall into a regular cycle of borrowing and repaying (source).

This is how debt can grow into a massive troll in your life. And it is vital that before you find yourself in this situation that you request help from others. There are organisations that can help you for free but it’s also a smart move to inform family or friends of the situation you’re in.

Reasons for Payday Loan

Before taking an instant pay day loan it is a good idea to consider if you really need the loan. Because the cost is so high generally you should only use the payday loan if you have to other alternative and if you are sure you are able to repay the loan within the agreed period.

It is also advised to not use Payday loans for secondary reasons. Budget-experts clearly advise to always make a budget and to save money instead if you are looking for a way to pay for non necessities.

Payday loans should never be used for larger expenses like a holiday, home improvements or Christmas. Instead, can you save for this event over a few months? Can you cut non-essential spending? (source).

If you desire to take on an instant payday loan for reasons of paying off debts, you are entering dangerous waters. It is best advised to make arrangements with debt-collectors for repaying those debts. There is always a possibility to repay a debt later, negotiate about it. If you need help with this you can always contact a special organisation such as http://www.stepchange.org.

50 pound payday loan

/ By / In Instant Payday Loans, Payday Loan No Credit Check

50 pound payday loan

A fast 50 pound payday loan. Direct lenders only or also with bad credit. Apply direct for a 50 pound instant paydayloan no credit check. Most direct lenders offer quick loans starting with 50 pounds. The loans are easy to get, often paid out within 5 to 10 minutes after your loan has been approved. To get your loan approved the only requirement is to fill in a form with your basic personal information.

50 pound payday loan
The typical cost of such a loans is 20 pounds. Repayment is often within 2 weeks up to a month. But be aware of the hidden costs! Most often consumers end up at the wrong side of the money-coin, facing big fines and large repayments. Spiraling into a chain of debt. This is because the interest doesn’t stop at one installment but keeps on adding up.

50 pound payday direct lender

There are many lenders that can offer you a 50 pound loan. Most of the payday lenders start with 100 pound loans but others begin with 50 pound loans. Just be careful when choosing the right payday loan provider, don’t sign with one that will keep on adding higher costs. If you find yourself unable to repay the loan, you’re gonna be screwed by the simple form you’re about to submit. Better to think twice.

Also be aware of why you wanna have those 50 quit for. Is it for something that’s really needed, is it to repay another debt or for a new dress? Just don’t do something silly you know. Taking out 50 pounds because you’re hungry and are in need to buy some food, yeah, that’s a good reason but most too often if you’re in this situation than you’re facing too many other problems, don’t let debt be another one.

50 pound payday loan bad credit

Looking for a 50 pound payday loan and you’re already in bad credit? That’s no problem. There is plenty of loan providers here in the UK who are very happy to give you a hand. You know why? Well, it’s no because they are so nice and friendly. It’s because getting a quick loan means more money for them. You will have to pay back 15-20 pounds ‘costs’ to these lenders and if you’re not in time for the repayments you will have to pay back even more. That’s no fun for you, but it means more profit for them.

This is why these payday loan lenders make you believe they are here for you, or that they care for your debts, but in fact they don’t. If they would they wouldn’t be offering these loan-services really but they would be there to help society go forward with our striking debt-issues. They would also stop lobbying parliament and government from adding restrictions to paydayloans and regulating the indsutry.

50 pound payday loan no credit check

You are just two minutes away from getting your 50 pound payday loan without credit check. Receive your loan directly in your bank account and only pay back in 2 to 4 weeks. Typical cost is only 20 pounds. You bet ye! Obtaining loans, also small loans, really can be this easy. You just with that paying back the loan was just as easy. And often it’s not, which is exactly why many people with previous payday loan experiences have gone indebted, even when borrowing a simple 50 pound.

Be aware of the risks of simple forms that promise 50 pounds instat in your bank account. The real cost of a payday loan can be very large. People sometimes end up spiraling into debts, and loose the control over their financial situation fast and easily. There are alternatives out there for the payday loans.

Further reading

Payday Loans With No Credit Check

/ By / In Payday Loan No Credit Check, Payday Loans

Payday loans with no credit check are widely available. One of the reasons why payday loans are so popular is because you can get them without a credit check. It’s also one of the reason though why payday loans are more expensive, plus why it’s also popular with persons looking for loans while having bad credit ratings. Without payday loans it would be difficult securing a loan. It’s good to ask yourself though if you would really need a payday loan and if it’s not safer to go for an alternative.

You should only get a payday loan if you can pay it back comfortably, on time and still afford all your other outgoings. You need to ensure that you don’t fall into a regular cycle of borrowing and repaying (source).

Many payday lenders out there will give you a loan for a couple of weeks or a month or two. These loans are therefore often called Short Term Payday Loans. Often all you need to do to apply is to fill in a form. You must give your personal details and often supply information on your financial situation such as regular income and source of income. Some also ask for prove of income and personal details. You can send in a photo or screenshot of such. Next you’ll find your loan approved, you will receive an offer by e-mail and after you accepting the offer, you will get the money transferred to your bank-account.

Payday Loans Direct Lenders No Credit

This easy process of obtaining loans with no credit check help you getting money fast and without much trouble. However since a loan is just a few clicks away this easiness leads to many problems of people not being able to pay back their loans. Especially since the costs of a payday loan isn’t really low. It’s pretty high in fact. Often to get a loan of 200 pounds you end up paying 40 to 60 extra cost. Most of the lenders typically charge you 30 pounds per 100 pounds borrowed. You will then need to payback 130 pounds.

There are even direct lenders who will borrow you amounts up to one thousand pounds. Obviously you will need to give some prove of income to secure such a loan but really, going for a such a loan means you will end up paying back shit-loads of money, like 1300 pounds. That’s why you should for sure ask yourself if such a loan is really worth it and if your risk is not too high.

Easy Payday Loans No Credit Check

Payday Loans are really easy to get. It’s often just a few clicks away. One well-known instant payday loan lender in the UK literally says on their website

Our payday loans no credit check really are as easy to get as they sound. We lend to people with all kinds of financial history and accept close to 100% of applicants.

It’s actually quite funny how payday lenders are advertising their loans. They make it sound really easy and in fact it is really easy to obtain such a loan. It’s therefore not a surprise that especially youngsters are likely to fall into their trap.

Payday Loan Lenders no Checks

A lot of young persons who just started in their adult lives discover the easiness of getting money through a loan such as these ones and then find themselves not being able to pay back their loans including the costs. Then you’ll find yourself in a difficult situation of having to pay back money to these companies and still trying to live a decent living.

It’s also a good question of who’s responsibility this is. Ultimately it’s the one who takes out the loan. But the lenders of instant paydays easy access are not helping the situation either. That’s also why there is a ongoing debate about regulating the lenders.

Do you find yourself in the situations that if you would like an instant payday loan without credit check or not, think good about your situation and if you really would need one. Also, be sure that you can pay back the loan. There is always something unforeseen that can happen between now and having to pay back the loan, so be sure you know what you’re getting yourself into.

If you find yourself doubting what to do, you can also visit http://www.stepchange.org, a debt charity organisation.

What Do Payday Loans Really Cost?

/ By / In Payday Loans

Not all lenders of payday loans are always very clear about the costs of Payday Loans and they will always find new ways to increase their profit and your loss.

In the best situations you will be seeing a clear overview of what a payday loan will cost to you upfront. In the worst situation there may be some ‘hidden’ costs that are only known when you read the loancontract at full lenght.

When choosing a Payday Loan provider it is best to compare up to three lenders. Even in the case you may want to have the money right away it is best to wait a little bit and do a little bit of research.

Most payday loan providers will deposit the money on your bank account the same day as you apply for the loan. They have scheduled several moments a day when they deposit the loans, and some lenders even have a fully automated process.

Most payday lenders offer this kind of information on their website but not all are as accurate as they could be.

Comparing Pay Day Lenders

When comparing the different loan providers, it may be very smart to pay attention to exactly what amount you will have to pay back at what due date. Are you sure you are able to pay back this amount by that date?

It is a good advice to check the costs of up to three lenders before deciding which pay day loan provider you would like to apply with for your short term loan.

The cost of most payday loans tend to go up from 20% to 50% of the total sum you borrow. If you lend 200 pounds, this typically means you will have to pay back up to 240 up to 300 pounds within the agreed period (typically 2 to 5 weeks).

Think very well to know sure if this is really worth your money and be sure to know what are the exact cost and the total amount you need to repay.

Interest Rates Payday Loans

Many payday loan providers will lure you into a payday loan by advertising with low interest rates. Some payday lenders even advertise that their loans come with no interest at all. This is a smart marketing trick by which you can see that payday lenders are not always honest about their costs.

Payday loans should never be used to pay off existing debt (source).

Instead of interest, these lenders come with fees that you have to pay for the loan. They make it appear the loans come without interest costs but cover these up with other sort of costs, such as lending-fees or administration costs.

Costs of Overdue repayment

There may also be extra costs in case you are late with repaying your loan. In this case it is always advisable to inform the lender right away. There may be special rules in place so you have some extra time to pay back the loan without extra fees and costs.

In most cases though lenders tend to come up with quite some extra costs in case you’re late with repaying the loan. But you also have your rights and lenders cannot keep on charging you more and more for every day you’re late with repaying the loan. See for more information Repaying your Payday Loan.

Payday Loans

/ By / In Instant Payday Loans, Payday Loans

A payday loan is a popular choice to get access to money quick. Which are the options you can choose from if you need money fast? And what are the things to pay attention to?

There are many payday loan lenders in the UK. There is at least twenty or thirty known providers of these fast access loans. Some bigger players are even active with multiple brand names, creating the false idea that you have a choice between different offers.

How payday loans work

Payday loan providers transfer the requested loan to your bank account often within a day. The loan repayment, plus the interest or the extra fee is taken directly from your bank account on the due date.

“The typical charge is about £25 per month for every £100 borrowed. Advertised interest rates (APRs) are typically around 1,750%.” (source)

According to Wikipedia, most payday loan lenders charge quite a lot of money: 25% for an advance repayable at the end of the month.

A few charge 30%, which is equivalent to an APR of over 2000%. If you keep failing to repay your payday loan, this enormous APR could become a reality in a few months.

Risky Payday Loans

These pay-day loans are not risk free. The costs are high and many people get stuck for not being able to repay the loans. They often start hopping from one short-term loan provider to another.

Many payday loan providers are also known for aggressive marketing and other tricks they may use to make people use their services. They screen adds not only to people looking for loans but also advertise on tv and on billboards, to trick people with little cash to opt for a payday loan. These adds often do not inform you of real costs.

Costs Payday Loans

Payday loan lenders often advertise with false information. Most people look for the interest cost, but many times these costs are low or even non-existent. The real cost come as a “service-fee”, for paying out your loans fast, even instantly. Or they come with high costs if you’re overdue with repaying the loans.

You can find payday loan providers online, but there are also many lenders with actual shops where you can get cash in your hands straight away. You need to sign some papers and most likely bring some sort of identifaction, proof of address as well as some prove of income. They will inform you in some way of the cost of the fast loans, but they will probably not inform you more than what you will ask for.

Popularity of Payday Loans

Payday loans are very popular nevertheless. According to Wikipedia in one year “1.2 million people took out 4.1 million loans”. That’s almost 2 out of 100 persons in the UK.”