Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Payday Loans: Hassle-free Borrowing for the UK

By Phoenix Payroll Ltd Subscribe to RSS | May 17th 2012 | Views:
loading
 
  



It’s often said that life is full of surprises. Some surprises are wonderful – an engagement, last minute holiday, friend’s stag do or hen party – and some – a broken down car or unexpected bill – are less wonderful.

We all need a little extra cash now and then, particularly if it’s been a month filled with friends’ birthday gifts or wedding presents, and there are some expenses that simply aren’t covered by the monthly budget. When that happens, a short term loan can be a nifty fix for quick cash when you need it most.

So how does it work? Well, generally, short term or ‘payday’ loans provide a quick cash injection (usually less than £1,000) borrowed over the course of a month. You select how much you want to borrow and when you can pay it back (on your next payday, for example), and receive the money into your bank account within a few hours or even minutes.

To make sure you don’t get into a spiral of debt, there are some checks in place to make sure you can pay back what you have borrowed. In the UK for example, you’ll need to be at least 18 years old, be employed and have a valid UK bank account. These measures ensure you are who you say you are and that you can demonstrate the means for repaying your loan.

So far, it’s pretty simple. But proceed with caution – payday loans are a great quick fix, but they’re not designed for long-term borrowing or debt solutions. This is partly due to the (relatively) high fees charged by providers.

Typical APR for a short term loan of this sort is around 4680%. Gulp, right? The fees are high, but bear in mind that this figure is representative of a whole year, while payday loans are designed for a month at most. As with any loan, the quicker you are able to repay it, the lower the interest you will pay.

So the fees are pretty high. But the flipside is the convenience. Many providers now operate entirely online, which means no faxing, no phone calls and no paperwork. It’s a lot faster, not to mention more private, than getting a loan from a high street bank.

So should you get a payday loan? As a short term solution, a UK payday loan is hard to beat. Just make sure you can pay it back.

Phoenix Payroll Ltd - About Author:
About Us
Yorkshirecash.co.uk provides short term Payday loans with no faxing 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/payday-loans-hassle-free-borrowing-for-the-uk.htm

Related Loans Articles Subscribe to RSS

Internet payday loans - Avail easy cash via internet today!
Published by Georgia Bart on May 28th 2012 | Loans
If you are availing quick cash via internet payday loans, you can easily overcome unexpected financi...
 
Long term payday loans- Easy payday loan available online
Published by Freddie Lee on June 19th 2012 | Loans
By availing quick funds from long term payday loans, you may be able to resolve any financial crisis...
 
Online payday loans to offer help in times of dire financial needs
Published by Julia Bennet on December 5th 2011 | Loans
Average Americans are usually the most organized ones when it comes to monthly expenditures. They de...
 
Pounds till payday: Trouble-Free Money
Published by Gamin Kils on April 13th 2012 | Loans
Pounds till payday are a deal that allows you to borrow money for one month up to 1500 pounds to mee...
 
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 ...
 
National payday loans- Easy way to avail quick cash
Published by David Hassia on July 18th 2012 | Loans
If you are taking quick funds via national payday loans, you can overcome unexpected fiscal worries ...
 
Small payday loans- Feasible financial deal for you!
Published by Abell Bush on March 27th 2012 | Loans
With the aid of small payday loans, it is feasible for you to grab quick cash up to $1500 to fulfill...
 
Next day payday loans- Bridge the financial gaps of two paydays
Published by Addison Maddy on June 12th 2012 | Loans
By acquiring quick cash via next day payday loans, it is possible for you to meet short term financi...
 
200 dollar payday loan- Useful small loan to help your monthly budget management
Published by Addison Maddy on May 21st 2012 | Loans
By acquiring quick cash via 200 dollar payday loan, you have option to meet small fiscal worries....
 
More profit in 2012 predicted for payday lending firms
Published by DavidVila on February 25th 2012 | Finance
Good news for payday firms as they are going to earn good amount of profit as predicted by many agen...
 
Direct deposit payday loans- Apply and get quick cash now!
Published by Alton Bells on June 7th 2012 | Loans
By acquiring instant funds via direct deposit payday loans, you have the right option to meet unfore...
 
100 payday loans- Acquire quick money as per your needs
Published by Micles Jonson on July 13th 2012 | Loans
If you are acquiring small funds via 100 payday loans, you can arrange small financial hurdles with ...
 
No faxing payday loan: Money Approved with Easy Features
Published by Albann James on May 9th 2012 | Loans
No faxing payday loan is the monetary assistance that is approved without collateral and no credit v...
 
Online no fax payday loans- Overcome any financial hindrance now!
Published by Baldwin Will on May 24th 2012 | Loans
Online no fax payday loans is widely available online. So, never miss out to grab such loan to meet ...
 
Faxless payday advance- Convenient loan available with low interest rates
Published by Andrew Stomes on May 10th 2012 | Loans
By availing instant funds via faxless payday advance, you will achieve fiscal emergencies without an...
 
3 month payday loans: Obtain Easy Money for 90 Days
Published by Deran Relly on May 24th 2012 | Loans
3 month payday loans are the new rays of hope for people earning small monthly wages to borrow money...
 
Faxless payday loans in Canada- Get instant cash without lengthy formality of faxing
Published by Aden Jon on April 21st 2012 | Loans
If you want to manage monthly financial expenses, you should go for faxless payday loans in Canada w...
 
No fax payday loans- Avail quick fund with ease!
Published by Baldwin Will on January 12th 2012 | Loans
To get rid of any fiscal woes, you should go for no fax payday loans which can be availed with ease....
 
Online payday loans - not necessary to place in any certificates
Published by Steve Franklin on December 15th 2011 | Loans
Online payday loans are very much beneficial to all the individuals who just do not have instant to ...
 
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...