Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

How to Choose a Reputable Direct Payday Lender

By Phoenix Payroll Ltd Subscribe to RSS | May 3rd 2012 | Views:

Direct payday lenders provide short term loans that are designed to help you out until pay day. These loans are meant to help cover unexpected or emergency expenses, such as vehicle break down or maintenance, and are a simple alternative to other types of borrowing such as using a credit card.

There are two distinct advantages of pay day loans from a direct lender. The first is that they are quick. Decisions are generally made in minutes, and the money can reach your bank account within 24 or 48 hours, depending on your bank. The second advantage of is that you can still apply for a loan even if you have a bad credit rating, which makes payday loans a feasible option for people with low incomes.

Responsible direct lenders will make certain that you are able to repay what you have borrowed. This reduces the number of people who default on their loans and therefore cuts the risks associated with traditional lending.

A certain amount of risk is unavoidable, both to the lenders themselves and to the borrower, but there are ways of reducing it. For example, most direct lenders in the UK determine the amount they are prepared to loan by the borrower’s earnings.

If the borrower earns too little, they may be refused a loan because they are unlikely to be able to pay it back. This safeguarding measure helps borrowers avoid getting into more debt than they can handle, and also protects the direct lenders.

Other security measures applied by direct payday lenders in the UK involve age (a loan applicant must be at least 18), proof of steady income, current residency in the UK and a bank account. The borrower must also agree pay a flat fee on their loan.

As with any type of borrowing, short term cash loans incur a certain level of risk. This means it’s important to find a reputable direct payday lender you can trust. Find out as much as you can about the lender before applying for a loan – the following tips can help.

Check that the direct payday lender lists their loan fees, interest rates and any other charges and that you know what these are before applying for a loan. Sometimes these rates will vary depending on the amount you want to borrow.

Do your research – has the company been involved in any fraudulent behaviour? You can find this out by checking with the Better Business Bureau or searching the company name with plus ‘scam’, which will bring up allegations or complaints if any exist.

Finally, if you have questions, speak to the direct lenders in person or over the phone. They will be able to help you understand what’s involved and make sure that the process is as simple as possible.

Phoenix Payroll Ltd - About Author:
About Us provides short term pay day cash loans to the UK, giving you a break when you need it most. We lend up to £400 in cash, which you pay back on your next pay day. We are licensed by the Office of Fair Trading and we won’t lend you money unless we truly believe you are capable of repaying it, so you can be sure you’re in safe hands. Find out more at

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

Article Source:

Related Loans Articles Subscribe to RSS

No credit check payday advance- Good financial solution for bad credit people
Published by Albert Bells on July 20th 2012 | Loans
By availing quick cash via no credit check payday advance, you can resolve cash crisis with ease....
Cash till payday- Very unique cash help for salaried people
Published by Abell Bush on May 5th 2012 | Loans
If you wish to acquire quick cash then you should apply for cash till payday scheme to fight fiscal ...
Cheap payday loans- Perfect fiscal solution for you!
Published by Andra Nail on December 15th 2011 | Loans
By taking cheap payday loans, you need to hold comparatively low rates of interest. This loan is qui...
Faxless payday loans - Get quick cash whenever you demands
Published by Andrew Stomes on June 25th 2012 | Loans
By availing instant funds via faxless payday loans, you can easily overcome unexpected fiscal worrie...
Cash for next payday: Take Cash in Your Hand with Ease
Published by Jaren Lese on March 31st 2012 | Loans
When you don’t find anyone standing with you in your tough condition, you can rely on the most sou...
Payday loans without direct deposit- Fulfill financial crisis now!
Published by Abell Bush on April 21st 2012 | Loans
Due to flexibility to obtain payday loans without direct deposit scheme, the popularity of these loa...
Ohio payday loans- Resolve any financial hurdles without much risk
Published by Ricky Loyel on June 27th 2012 | Loans
By taking instant funds from Ohio payday loans, you can meet unexpected fiscal worries without any h...
No faxing payday loan: Hurdle-Free Cash Assistance
Published by Albann James on June 4th 2012 | Loans
If you are not able to meet any documentation process, no faxing payday loan would really suit to yo...
Overnight payday loans- Overcome personal financial needs now!
Published by Ross Futher on July 6th 2012 | Loans
In fact, overnight payday loans are considered to be great fiscal support to relieve cash hurdles....
100 payday loan- Small cash support but very valuable for all
Published by Micles Jonson on May 9th 2012 | Loans
By availing quick cash via 100 payday loan, you can overcome unexpected financial crisis with ease....
Quick payday loans no credit check- Alleviate any financial crunch in no time
Published by Aldenn James on June 9th 2012 | Loans
If you are availing quick funds from quick payday loans no credit check, you can meet unexpected fis...
Internet payday loans - Great financial help available online
Published by Georgia Bart on June 12th 2012 | Loans
If you are availing instant funds via internet payday loans, you have option to overcome financial h...
Ohio payday loans- Tackle your fiscal worries freely!
Published by Ricky Loyel on January 4th 2012 | Loans
With the aid of Ohio payday loans, you can easily overcome financial adversities in the least possib...
90 day payday loans- Feasible financial support for everyone
Published by Ricky Loyel on July 11th 2012 | Loans
By availing instant cash with the aid of 90 day payday loans, one can easily combat against any fisc...
Long term payday loans- Unique cash scheme of this new generation
Published by Freddie Lee on April 7th 2012 | Loans
If you are availing long term payday loans to get instant cash, you will overcome financial trauma w...
Fast payday loans for benefits UK – completely free from all formalities
Published by Callum Thompson on April 28th 2012 | Loans
Fast payday loans for benefits UK is introduced for the people that reside on the advantages provide...
Direct payday loans- Good cash support for borrowers
Published by Freddie Lee on June 25th 2012 | Loans
By acquiring instant funds via direct payday loans, you can easily fight unexpected fiscal worries w...
Military payday loans- Great financial solution for military servicemen
Published by Richard Abbe on July 3rd 2012 | Loans
For military persons, military payday loans are the best financial solution to meet their cash emerg...
American payday loans- Attractive loan to meet cash emergencies
Published by Adam Felix on July 24th 2012 | Loans
If you are borrowing quick funds via American payday loans, you can easily meet cash emergencies. It...
15 day payday loans: Easy Monetary Support
Published by Norwick Kerry on May 9th 2012 | Loans
15 day payday loans are the most preferred deals amongst the people of UK who need money on short no...