Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Are online pay-day loans really beneficial for you?

By King Loothar Subscribe to RSS | January 21st 2012 | Views:
loading
 
  



In the earlier times the person who required cash help in a quick manner had to visit the bank for it but the times have now changed. You can gain funds right into your bank account just by applying online with the online loan companies. Now credit aid is just a few clicks away. It is very easy to apply for them. Craig Hart, 21 years old who lives in Buckinghamshire had an experience of taking up this alternative. He applied for finances Through Wonga. He got money in just few minutes which he paid back a few days later. He got addicted to it and so again and again he used their services for which he now feels sorry. After sometime he was taking the help of other online loans companies to pay back Wonga. He learned a lesson from it.

In the past few years, 100 of such online loan companies such as Wonga have come up who provide helpful sum in a mini range within just few minutes but they charge a rate of interest that is quite high. This kind of a market has got a big boost now as the main stream; regular banks are not much interested in giving approvals for loans that involve a small amount or extension in over drafting.

Against this claim, what Wonga has to say is that their customers who at any point of time got into finance related trouble; their number was small in number. John Moorwood the spokesperson of the company claimed that they do not accept the application of almost two-thirds of the first-timers. Out of 10 people, around at least 9 pay their loan back on time. He added that they in advance only tell the repayment costs as without knowing it practically no one can apply and they have millions of customers who are happy with them. They say that they do not allow their customer to roll over their repayment span from more than three months. For easy finance apply at 12 month cash loan and get funded in hassle free manner. A trustworthy borrower can also get his credit limit increased but only up to 1000 dollars.

The charity organizations worry that today people are applying for more debts everyday and that a rate of interest that is quite high. Countries such as U.S, Germany and France have rules regarding the maximum rate of interest that a lender can charge. The British government is also planning to do something on the same lines.

King Loothar - About Author:
king loothar is finance advisor and working with us. He writes articles on finance. He shares is expert views on 12 month instant cash loans and 12 month payday loans. For more info you visit - http://www.12monthcashloan.co.uk/

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/are-online-pay-day-loans-really-beneficial-for-you.htm

Related Loans Articles Subscribe to RSS

Where can I get the best rate credit cards - at the bank or online?
Published by Jesse Wallace on June 6th 2012 | Finance

Applying for a credit card online can sometimes offer better rates than in high street banks....
 
Faxless Payday Loans Online: an ideal for short term finance
Published by Elissasmith on June 29th 2012 | Loans
Faxless Payday Loans Online is ideal to meet cash needs of short duration. We all have to face some ...
 
Online Signature Loans- Valuable financial plan available online
Published by Abish Dalton on May 29th 2012 | Loans
In fact, Online Signature Loans are useful loan for those people who need huge sum of money....
 
Cash advance online- Useful fiscal aid for many borrowers
Published by Micles Jonson on July 24th 2012 | Loans
By taking quick funds via cash advance online, you have the right provision to meet cash hurdles....
 
Loans online instant decision: Instant Decision of Money
Published by Marsh Jone on July 17th 2012 | Loans
Loans online instant decision can bring you finance for any need with no difficulty at all as they a...
 
Free money loans- an ideal fiscal aid available online
Published by Andrew Stomes on April 23rd 2012 | Loans
By acquiring quick funds from free money loans, you have provision to fight many financial worries w...
 
Same day loans online- Grab quick money and meet cash hurdles!
Published by Andra Nail on July 6th 2012 | Loans
If you have any financial trouble, it is better for you to avail same day loans online in order to g...
 
Direct loans online payment- Perfect choice of cash support for American
Published by Jacob Madox on June 18th 2012 | Loans
By acquiring quick sum of money through direct loans online payment, you have the provision to fight...
 
Text loans way to get fast approved cash online
Published by Tomy on December 6th 2011 | Loans
Text loans is emergency financial assistance. There is no need for the borrower to complete all the ...
 
No Credit Check Loans- Raise finance immediately without credit check
Published by Serjeant Doherty on March 20th 2012 | Loans
No credit check loans are boon for those who are suffering from multiple bad credit problems. With t...
 
Direct loans online payment- Crucial fiscal help for everyone!
Published by Jacob Madox on January 20th 2012 | Loans
You can now apply for direct loans online payment in order to fulfill financial woes....
 
Doorstep Loans No Credit Checks - Get simple finance with quick approval
Published by Rechard Thomas on January 7th 2012 | Loans
People have the freedom to use the amount received from doorstep loans no credit check. Doorstep loa...
 
1000 Pound Bad Credit Payday Loans – provide simple way for get the finance
Published by Thom Lee on May 29th 2012 | Loans
1000 Pound Bad Credit Payday Loans are those that are offered to folks that have adverse credit hist...
 
24 hour loans no credit check- Great cash advance available online
Published by Benton Nhester on July 10th 2012 | Loans
If you are taking 24 hour loans no credit check, you will get instant funds up to $1500. The obtaini...
 
Direct payday loans- Cash help available online to help many people
Published by Freddie Lee on July 11th 2012 | Loans
By availing direct payday loans, you will be getting quick funds. This loan can fight against any ki...
 
Meet all needs through quick finance available online
Published by DavidVila on January 3rd 2012 | Loans
People who are deprived of finance due to some reasons can cheer now and apply for funds through bes...
 
Small loans for bad credit- Unique financial stress reliever available online
Published by Beidhi Ceeper on June 19th 2012 | Loans
If you have acquired quick cash from small loans for bad credit, you may easily resolve any financia...
 
Doorstep Loans- Quick finance to fulfill your urgent needs
Published by Johntygolf on November 26th 2011 | Loans
Doorstep loans are considered to be the best option to overcome your financial crisis in the least p...
 
Signature Loans Online- Unique cash advance available online
Published by Abish Dalton on May 11th 2012 | Loans
If you are getting instant money with the aid of Signature Loans Online, it is quite possible for yo...
 
Overnight payday loans- Quick money available online
Published by Adam Felix on December 6th 2011 | Loans
With the assistance of Overnight payday loans, you have quite capable to overcome cash crisis in the...