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.

Payday Loans like Wonga

/ By / In Instant Payday Loans, Payday Loan Lenders

Instant payday loans in the UK are like Wonga cash loans. There are many direct payday loan lenders like Wonga in the uk available. Taking out a loan can be as easy as putting a finger in your noise.

Typical of these instant loan providers is the lack of credit checks. These prodivers share almost no information about their customers and they hardly check your income statements.

Wonga has come under attack a lot by customer right organisations and debt-organisations. For most of these organisations Wonga gives out loans too easily, especially to people who are unable to repay these loans. The repayment costs are considered as high, and if you don’t repay in time, they will even be higher. As a result many people end up in a cycle of debt. Wonga is equally responsible for this by making it very easy to take out loans.

Payday Loan Lenders Like Wonga

Interested in getting a payday loan like Wonga and looking for payday loan lenders? There are plenty avalaible on the internet. Be aware though of the high cost of these loans. Taking out an instant cash loan of 200 pounds could typically cost you around 40 pounds, 20 pounds if you find a cheaper option.

Costs tend to even get higher when obtaining paydayloans but not being able to repay the loan in time. Your debt can easily spiral out of control. Be aware of what you’re doing therefore.

If you do not like to rund such a risk, there are alternatives to payday loans.

Instant Payday Loans… In 15 Minutes

/ By / In Instant Payday Loans

Apply now for your Instant Payday Loan In 15 Minutes and get your loan secured. Fill in our form with your details and we will immediately transfer the money to your account. No documents needed. Find your loan straight away in your bank account. Payday Loan lenders advertise widely over the internet to make borrow money. Do you buy it?

Within 15 minutes an Instant Payday Loan or maybe half an hour if we are a little bit too busy. But why would you take out a payday loan? The amount of money to pay back can be quite high. Most payday Loan providers are simply too expensive. They ask ridiculous amounts of money for a quick cash loan. What about paying 75 pounds for a 300 pound loan? That’s just outrageous. Really.

Low Cost Instant Payday Loan

There are thankfully also some payday loan providers just asking 20 pound as a charge for a two to four week loan. That’s more like it. Payday Loan Regulations in the UK is falling short to keep the price of instant payday loans low. Instead people are led by themselves and their immediate impulses to get these easy access loans. To get a loan the only requirement often is to fill out a form and possibly provide some kind of proof of identity.  An easier loan then that is hard to get.

So why would you want to have a loan within 15 minutes? What’s up? Is your landlord banging on the door? Why didn’t you solve that just earlier, like yesterday? Or is it really that you just wanna buy that dress of new cellphone but you don’t have the money? Alright, if you need the money for something, for whatever, or even for real, and you can pay back the loan, plus you don’t care about the cost of a high price loan, just do it, go for it. But most people can’t really pay the price and fall victim of the impulse.

Finding a Payday Lenders

Are you interested in getting a better price for your instant payday loan? There’s many Direct Payday Loan Lenders in the UK offering instant loans, also within 15 minutes. Just don’t go for the ones that cost you an eye. There is many loan-sharks out there asking easily 20 to 30 percent of cost to the loan you’re taking out. That is 20 pounds per 100 pounds borrowed. Some ask even more but if you’re on their site they make you believe they are in fact cheap but in reality they are not.

So best thing is to apply for a couple of them and ask for an offer. You can’t receive a loan simply by filling in a form. You first need to receive information on the cost of the loan and then give approval either by e-mail, t.x.t. of phone. So you are free to ask around and check how much a loan will really cost you. Compare at least 3 to 5 loan providers before you accept one.

Payday Loan Alternatives

  • Also be aware of the Alternatives to Payday Loans. There are options available.
  • You can find more info on Payday Loan Alternatives here on our website.
  • Follow these tips to be sure you are not falling into the Payday Loan Debt Trap.

Instant Payday Loans Direct Lenders

/ By / In Instant Payday Loans, Payday Loan Lenders

Most Instant Payday Loans Direct Lenders are out there to make money out of you, so which lender is one you can trust? Looking for the cheapest rates and the lowest risks will help you securing the loan that fits you best.

Looking for quick cash? Be aware which lenders to avoid. The warnings are all over the internet. The public debate about loan sharks and reforms and all that is still ongoing. So you know the risky road you’re at right now, while looking for a payday loan provider that can give you cash straight away in your bank account. But come on, they can’t all be that bad, is most likely what you think.

Well, quick frankly, they aren’t all that bad. The problem is this: Since these payday loans direct lenders borrow money fairly easy there are quite some people not aware of the risks. These risks involve not being able to repay the loan in time (or at all), as well as paying back the costs and the interest of the loan they’ve taken. They may end up in a spiral of debt, taking out more of these easy quick access payday loans while adding up to your burden of debt.

Payday Loan Direct Lenders No Credit Check

Payday Loan Provider are partly also responsible for this. Of course you are the one taking the decision of taking out a loan, so you are the most responsible for this action in the end. But at the same time payday loan providers make it so easy to secure a money loan that it’s really ridiculous. Many instant payday loans direct lenders confirm that bad credit ratings cause no problems whatsoever for securing a loan.

So much is the case that instant payday loans are also a synonym for Payday Loans with no credit check. It is generally a common thing that people with bad credit ratings can easily take out a payday loan such as the ones we’re talking about. Payday loan providers only check your personal data to verify if you’re an existing customer or not, they don’t check your credit score or anything like that.

Also many persons taking out these easy access loans are still young and haven’t had the right education to be really aware of what a loan entails, the responsibility it needs. Since direct access to cash is available, and you need money straight away, why not take out an instant payday loan? The idea to have money on your bank account straight away, really, just a mouse click away, can be very, very persuasive.

Generally the advice though is to only and only then take out a payday loan when you’re absolutely sure you will be able to pay back the loan in time, including the cost of such a direct payday loan. Be sure also to know the exact cost of paying back the loan. What are the hidden costs? Wanting to have direct cash can lead to not reading well the rules of repayment. So be sure you got those very clear to you.

Finding the Right Payday Loan Lender For You

/ By / In Payday Loan Lenders

It’s not so hard to find a payday loan lender that can offer direct payday loans. But which lenders can you really trust? And which ones are not so expensive?

The field of payday loan lenders is a large one. A quick search won’t make you find the right payday loan provider instantly. There are many lenders around and it’s not always clear upfront of what is the real cost of the payday loan you are about to take.

Thankfully there are some guidelines you can take into account. First of all, don’t just take the first one you find on the internet. Spend some time finding at least three pay day loan lenders. Then take a look at the cost of the loan. Best is to go through the procedure of the obtaining the loan, but skip the last step. Only like this you know the full cost.

Have you done this, then you can more easily compare the lenders.

Another thing to take into account are the number of days you need to pay back the loan and its costs. Best option is always to pay back the loan as soon as you can, so that you won’t get any surprises of extra costs when not paying back in time.

Finally, it’s often a good option to choose a pay day loan provider that is transparent about costs and the amount of time you get to pay back the loan. There are providers who have very easy to understand costs and payback periods. These providers are often not so sketchy as other lenders that are more weary about showing their real teeth.

In sum: be aware to search well and choose a couple of different payday lenders. Take a good look at the real cost of the loan. Are there any hidden details? What is the deal in terms of number of days to pay back the loan? Follow these guidelines to better choose a payday loan provider.

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.”