payday loans are fast becoming a popular way to borrow money in the short term. A payday loan is ideal for covering an emergency towards the end of the month, such as a car breakdown, plumbing emergency, or perhaps for taking advantage of that weekend break which is too good to miss. The loan is then paid back the following month, although sometimes extra time may be needed and that can be arranged too. It must be remembered that this is a short term loan and should be paid back as quickly as possible in order to avoid extra charges.
All you need to qualify for a payday loan is to be over 18 years of age in full time employment with a take home pay of more than £750 a month. You also need to have a bank account and a debit card.
You can borrow from £80 to £750 at a time and it’s easy to see how much each loan costs. The application form is there for you to fill in online, within a few minutes you will know if you’ve been approved for a loan. It is at this moment that you need to enter details of your bank account and debit card, the agreement is displayed online for signature. The money can be in your account the same day, though some banks need up to 48 hours for clearance of funds. The payment is taken from you debit card on your next payday. Hence the name Payday loan!
4 comments:
Payday loans are easy and convenient.
Krystal: That's what I said!
If you are over 65 it is hard to get a loan. If you are over 70 it's bloody impossible. The only chance we old uns have got is to borrow on a credit card.
Can I just say a big "Thank You" to Mr Darling for ignoring the needs of old people on pensions in the last Budget? Just don't count on my vote next time.
Keith. I think they lend money too easily a lot of the time. Mr Darling seems to have the wrong name.
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