Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Instant Cash Pay Day Loans – a Great Short Term Solution?

By Phoenix Payroll Ltd Subscribe to RSS | May 24th 2012 | Views:
loading
 
  



Direct lending payday loans are sweeping the UK as more and more people are considering taking out a short term loan. This short term lending phenomenon originated in the US but is becoming increasingly popular with Brits in need of instant cash to help pay for an unexpected bill or other expense.

Pay day loans provide instant cash to borrowers for a short time – usually less than a month. The idea is that lenders dish out a little extra cash which you then pay back once pay day arrives. These loans are usually for small amounts, say £100, and you can choose when you pay them back.

There are hundreds of lending companies throughout the UK. Many of them operate directly, which means that a customer contacts the lender directly for a cash pay day loan. This has the advantage of being a slick process – as many direct lending payday loans are available online, the application and decision process are very fast.

If a loan is granted, these ‘instant cash solutions’ can be very instant indeed – with some companies transferring money to the customer’s bank account within as little as 15 minutes. Others take around 24 hours, but still, it’s faster than you’d get on the high street.

Convenience is a major selling point of the cash payday loan. However, it does come at a price. UK direct lenders are required by law to publish their rates of interest, which can reach the dizzying heights of 30,000% APR in some instances.

Apart from the odd company with ludicrous rates, the interest rates and fees charged by lenders aren’t quite as scary as they first look. Interest accumulates for every day that a customer has a loan, so the quicker it’s paid back, the less the interest will be.

For this reason, instant cash payday loans really should only be used as a short term solution. Most direct lenders will set a limit on the length of time it takes to pay a loan back to prevent interest rates becoming prohibitively high and protect both the direct lenders (from customers who default on their loans) and the customers (from getting into spiralling debt.)

If you’re considering taking out an instant cash payday loan, check that the provider is licensed by the Office of Fair Trading. This weed out the loan sharks and means they have agreed to adhere to responsible lending standards and have made a commitment only to lend to those who will be able to repay their loans.

Phoenix Payroll Ltd - About Author:
Yorkshirecash.co.uk provides short term cash pay day loans in 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 http://www.yorkshirecash.co.uk/

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

Article Source:
http://www.articleside.com/loans-articles/instant-cash-pay-day-loans-a-great-short-term-solution.htm

Related Loans Articles Subscribe to RSS

Cash loans till payday-money obtained instantly
Published by Shaun Marsh on December 9th 2011 | Loans
There is no moment when one does not require money .Today availing money from various schemes has be...
 
Instant loans no credit check- Apply loan and grab quick cash today!
Published by Gorgie Nork on May 23rd 2012 | Loans
By getting instant loans no credit check, it is sure that you will get instant funds up to $1500. Th...
 
Instant loans- Avail quick cash to meet instant financial emergencies
Published by Gorgie Nork on May 14th 2012 | Loans
Instant loans are short term cash loan where borrowers will hold comparatively high interest rates....
 
Payday loans for social security recipients- Avail quick cash now with ease!
Published by Aldis Roy on March 26th 2012 | Loans
If you are hurdled with financial worries, you should grab instant cash via payday loans for social ...
 
Fast payday loans- Great fiscal help for salaried person
Published by Adam Felix on April 11th 2012 | Loans
If you have applied fast payday loans, you are easily getting rid of any financial hurdles. It is gr...
 
Cash till payday: Arrange Money Ahead of Next payday
Published by Jaren Lese on July 24th 2012 | Loans
No need to knock at the door of the neighbor as you can arrange money using cash till payday unsecur...
 
Payday Loans- the resolution to your monthly cash troubles
Published by Alan Poly on February 27th 2012 | Loans
Payday Loan is a little sum of cash that you could have a loan of an agency, and reimburse it back w...
 
Instant cash loans get finances without nay stress or tension
Published by Angela on December 9th 2011 | Loans
Instant cash loans are the exact solution to people’s cash shortages. This credit option is an awe...
 
Need Speed Loan: when it comes to payday loans velocity is input
Published by Mark Fulton on December 1st 2011 | Loans
Need speed loan is a payday loan which has really been instinctive type of situations where people f...
 
Instant Payday Loans UK Bad Credit – designed to satisfy your short term cash
Published by Billy Walker on August 9th 2012 | Loans
Instant Payday Loans UK Bad Credit is aptly instant in nature with direct cash in your hand comfy. T...
 
Loans online instant approval- Immediate cash support for borrowers
Published by Jacob Madox on March 23rd 2012 | Loans
If you have obtained quick cash via Loans online instant approval, you will easily achieve fiscal em...
 
Instant cash loans- Show Debit Card Get Instant Approval
Published by Nasree Haque on January 27th 2012 | Loans
Instant cash loans are most suitable for those who do not want to undergo any credit check prior to ...
 
Teletrack payday loans- Instant cash help in hours!
Published by Malen Cheks on May 29th 2012 | Loans
By availing teletrack payday loans, you will get instant funds up to $1500. The funds are useful to ...
 
Same day Loans Australia- Obtain quick cash without using collateral now!
Published by Dalton Erwin on June 5th 2012 | Loans
By availing instant cash via same day Loans Australia, you have facility to fight against unexpected...
 
Mobile payday loans- short term cash loan available online
Published by Alesia Ace on June 30th 2012 | Loans
If you are availing mobile payday loans, you can easily acquire instant funds up to $1500. The funds...
 
Check into cash- Get cash and tackle emergency with ease!
Published by Riyt Leson on December 20th 2011 | Loans
By taking check into cash scheme, it is possible for you to overcome your immediate economic woes wi...
 
Fast cash loans with bad credit- Accessible to grab quick cash
Published by Albert Bells on June 2nd 2012 | Loans
By acquiring instant funds via fast cash loans with bad credit, you can easily overcome unanticipate...
 
Door to door loans fast access to cash at home
Published by Shaun Smith on December 7th 2011 | Loans
Door to door loans are immediately accessible without any credit checks and given in the same day ri...
 
Easy cash loans- Tackle your respective financial issues now!
Published by Ricky Loyel on July 25th 2012 | Loans
If you are availing easy cash loans, you can easily overcome unexpected fiscal worries in no time....
 
Installment payday loans - Avail quick cash now to achieve fiscal worries
Published by Johnty Bert on May 28th 2012 | Loans
By availing installment payday loans, you will get instant funds up to $1500 so that you can easily ...