When dealing with a financial emergency and the situation calls for a cash payout, most of us are tempted to grab the first loan that is offered to us. We are sometimes in a hurry to get ourselves the money that we need without even thinking about what are its financial implications to us. As soon as we get hold of the money and spend it, it is the only time that we realize the importance of scouting, comparing, and reviewing the cheapest payday loans available to us. We are surrounded with a variety of choices ranging from the quick, easy, effective to cheapest loans. Most certainly the described loan is not the sort of loan that one can avail from a bank or a traditional lending company. It is a typical payday loan that is offered by lenders and payday loans center as a short-term loan salvation to a borrower.
Where is it used?
Cheapest payday loans are normally used for paying off sudden expenses that are not covered by your budget as projected by your current payday earnings. We do allocate our funds for our monthly basic needs and these expenses are what we call regular expenses. If something out of the ordinary comes out and it is of great importance to us, this is where money problem starts settling in. Since we were not expecting such expenses, we are out of funds to support it and we have no other source of income to get cash from. Situations like medical expenses, payment for refills of medicine, credit card bills, cost of dental works, home or car repairs, school project expenses, and more. There are just so many unexpected expenses that come along our way and most of the time we are caught off guard with it.
Where to find the cheapest payday loans?
At this age of the Internet, anything is possible and this goes to say that even looking and finding the cheapest payday loans are worth searching for online. To narrow down your search just simply type “cheapest payday loan online” in the Yahoo or Google search box. Most likely, it will still provide you hundreds of results but the good thing is that it has filtered the search. This part is a little tricky because many of these online payday loans will claim to be offering the cheapest payday loans but there are financial charges and fees that may be hidden to you. There are many reputable online payday loans companies that you can find in the net. The most trusted ones will disclose to you important details of the loan that you need to know. These important details include interest rates, repayment terms and conditions, loan fees, other charges, and the Annual Percentage Rate (APR).
Another way to look for cheapest payday loans is to ask recommendations from friends who have availed of easy payday loans. They will surely have something to say about it. Ask how much they were able to get and how much are they paying for it. By this information alone, you can determine the interest rate charged to the principal loan amount. You can also ask about the processing of the loan payday so you will have a head start on how you can apply for it just in case you choose to avail the same. Other typical questions that you can consider asking your friends are the basic requirements, processing time, approval time, and time to transfer the money into your bank account.
There are loan companies that offer instant approval for cheapest payday loans, which means that they do not conduct credit check. So whether you have a less than perfect credit score or bad credit rating, it would not matter because it is not a factor that they consider. The only requirements that they would ask from you is regarding the age (must be 18 years old), citizenship or residency (must be a legal resident or citizen of the country), source of income (steady job), and finally if you have a bank account.
Once you have satisfied all of these requirements then you may continue filling out their application form. It will only take you a few minutes to answer and fill out the form. You just have to type your personal information for their record and processing purposes. As soon as you submit the accomplished application form, everything is set and all you have to do is to wait for their approval within a few hours and sometimes it would be even just a matter of minutes.
Most of the qualities and features of the cheapest payday loans are basically the same with other advance loan payday but only differ on the interest rate and APR that is why it is called the “cheapest”. Among all the payday loans, they are considered to be the cheapest of them. This just means that this is more affordable to pay in your next payday so make sure that you insist on looking for the cheapest payday loans.
We are sometimes limited and bound by what our wallet can provide us. How far can we go as we empty out our pockets? Sometimes the answer to these questions can be frustrating and disappointing. As much as we want to enjoy our day-to-day existence, we have to tighten our strings and make sure that everything is within your budget. The only concern that we have is how to get through unforeseen events? This can hamper our proper allocation of money and stretching our budget too thin is not just possible. What we need in this kind of situation is a cash today loan.
What is a cash today loan?
As the name implies, cash today loan is a type of payday loan that offers instant and quick cash. This type of loan payday was designed to provide every customer a short term and fast solution to their money concerns, which they have to settle or repay with their next paycheck. The main purpose of the lenders is to offer people the chance to save them from their financial worries. Lending companies understand the importance of making this loan cash available to the needy borrowers and they are committed to serving the needs of those who need their services.
How to apply?
One can usually apply through Internet or by calling the lending company. Although most people nowadays prefer more to apply online since this is more convenient for them. Another reason for choosing to apply on the net is because almost everyone has access to a computer. Payday loan companies didn’t just make it quick but also easy for applicants. Applying for a cash today loan is very easy unlike in its traditional form where there are many documents that an individual needs to fill up together with the required papers that they need to submit. Today, all they have to do is to go to the website, type in their personal information like last name, first name, and other pertinent details that may be asked. Once done, the applicant can click the submit button.
Is there a waiting game?
We were used to standing up in a long queue of line and bear the hours of waiting if we can qualify as an applicant. It is in those times where we have to bring magazines or newspapers just to entertain ourselves as we look at the clock and wait for our turn to sit down in front of the loan officer. This is not the case today with cash today loan. An individual doesn’t even have to drive himself to the bank just to apply for the loan. One can even do it at the convenience of their home or office at any time of the day. They can even apply during weekends or holidays and they just need to plug their computer and turn on their router.
Getting approved with cash today loan
Every step of the loan processing seems just so easy. From the moment you apply to the processing of the loan. Some may still require good credit check while some do not. Even if there are credit check fast cash, you get your instant approval loans cash on the same day that you have submitted your loan application. For only a few hours, the good news is delivered to you either by mail or by phone.
Transferring the money
Once you are notified of your loan approval, instructions are also sent to you about how you can claim your fast cash loans. Most lending companies especially those that are online are directly depositing the money to your bank account. Some lenders will ask you to get your quick money from their office. Fast cash loan today is on the tip of your mouse so whenever you run out of funds to cover your unexpected expenses, you know how to get it and where to get it.
It is true that they charge high interest rates so be very prudent in how you spend the cash today loan money that you are receiving. Make sure that you use it for what you have intended for so as not to waste your efforts and to help ease your financial burden. You may also want to compare notes when you scout around for online payday loan sites. Do not jump into the first one that you see. Do a little research since you have lots of time available to work out what is the best choice you have.
Everyone would claim that they are the best, quickest, and easiest online payday loan service but of course the differences among these companies are the ones that you should look at. Remember that you are applying for a loan because you want to trim down your debts and make sure that your account has sufficient funds for your incoming checks. So do not make the mistake of using it somewhere unnecessary or getting it from an unreliable and not credible loan lender.
Cash loan no credit check were simply formulated and designed to provide solutions for urgent expenses in between paydays. This has been a glorious saviour for those who feel helpless and hopeless in times of financial hardships. Getting this type of loan offers people financial relief and ease the burden of unexpected and uncovered expenses. It gets to be a heavy load to carry especially if people are still far from getting their next payday. What are their other alternatives aside from getting rejected from the banks? What can be the most effective option of acquiring easy and fast cash payday loan to support their weary pockets?
Best alternative for a loan approval
The easiest, quickest, and best alternative to being approved for a loan is a cash loan no credit check. Once you applied and submitted your application online, applicants are endowed with peace of mind as they get to be approved within the same day. Their loan sum is transferred into your bank account within 24 hours of approval and at times it will be just a matter of hours. Why it is the best alternative when it is just like any other payday quick cash loans that you see in the net? Some loan companies still conduct a credit check and if they detect a poor credit rating or a bad credit score then your hopes of getting approve just gets dimmer. With cash loan no credit check, you are sure of obtaining the money that you have applied for.
The significance of cash loan no credit check
Banks and traditional loan company gives a great deal about an individual’s credit history which places you at risk with your loan application with them. Your credit history is very significant to lenders and bank institutions. There are number of factors that come into play in determining your credit score and this includes the following:
- Payment history – Are you the type of individual who is prompt and always up to date with paying your bills? Or do you consider yourself to be on the other side of the fence where you cannot keep up with your commitments and are always late in paying off your obligations? Which one are you? Naturally, those individuals who knows how to pay their bills on time or ahead of time gets a good grade, score or rating while the other person is given a poor rating.
- Debt to Credit Limit Ratio – Are you spending more than what you can afford? How much debt do you have as against to the limit set for your credit? If your debts are higher than your credit limit then it is not a good indication that you can manage your finances well and this greatly affects your credit rating. On the other hand, if you have lesser debts as compared to the credit limit then you get a good credit rating.
- Credit account types.
- Credit History length.
Your cue for cash loan no credit check
Having a bad credit score can deny an individual to housing, insurance, and worst, employment. Needless to say, your records are also tainted with a mark that clearly states that you cannot avail of a loan. So where does this leave you? This is just too harsh which is why cash loan no credit checks are the good Samaritans to individuals like you. It is difficult to rebuild your credit history and it will take time for you to clean up the stains of your credit history which is why you need something that will get you off the hook.
Your credit report or bad credit score shouldn’t hinder you from getting a loan especially when you need it the most. Now payday loan lenders are offering you this perfect opportunity to help yourself from your short term financial needs. It is a very effective tool for paying up all the ill-timed expenses to make it through your next payday. You do not need any more to sweat it out in the bank while waiting for your loan application to be approved. All you need is to comply with the basic requirements that the online payday companies will ask you. Basically, they just need to know four essential things. Are you at least 18 years of age? Are you a legal resident or a citizen of the country? Do you have a reliable source of income or are you employed? Lastly, do you have a bank account?
You just need to answer all the questions and you only have to fill up their application form online which will require you to provide the important personal information they need. Once you are done with this very easy process, you can submit click and in a matter of hours your approval is on the way. Once they inform you that you have been approved, they will also provide details of the cash loan that will be electronically transferred to your account.
There are times in life when it seems that you don’t make enough money even when you have a full time job. You may be putting in all the hours at work and doing the best you can, but sometimes, life can throw you a financial curveball that may make you short on cash. Things can happen that you may not be financially be prepared for resulting in unexpected expenses, such as a your child gets sick and needs some medical help, your car breaks down and needs some costly repairs or your home may get damaged. It’s during these times that you may want to consider getting a cash loan.
A cash loan is a fast and easy way for you to get your hands on some quick cash without having to go through the bank to borrow money or wait a long time and fill out several applications. It is also called a payday advance loan, because it’s like getting your next paycheck today in advance. If you are pressed for time, don’t have any assets to pawn and are not familiar with the process, it’s good to know that it’s a safe and easy way to get some cash to tide you over during times when you just need some money. There are many ways that this unsecured loan can help those in need.
One of the great things about a cash loan is that just about anyone can get it. Even if you have bad credit or have had some problems with money in the past, you can still easily apply for a loan. When you have nowhere else to turn to, this can be your saving grace. Payday loans are meant to help consumers get through the tough times.
It only takes a moment to fill out the application forms or provide your information to get the money you need, and you can have the money you need within a day. The funds are deposited directly in your account. As long as you are employed, you can get some much needed monetary relief when you are facing some financial challenges.
You can complete the cash loan transaction without having to leave your home since you can do the process online. The entire process is discreet and professional. The loan lender will not make you feel embarrassed or hassle you about having to get a loan. You can get money fast from customer service agents that are helpful.
There’s no need to line up the bank or get a lengthy credit check done to get a cash loan. Help can be just a mouse click away. Go with a site online that deals with a network of lenders or multiple lenders so that you don’t have to do the legwork in order to find a lender. You should always make sure that you learn about the interest rates and the terms of payment. Another advantage is that it allows you to have some flexibility since the repayment can be extended for a reasonable interest rate.
When you have an emergency, you may be pressed for time. You may not have time to fill out lengthy application forms, or wait in line to get approved. The entire process to get a shortterm cash loan only takes minutes to complete a transaction. You don’t need to wait weeks to get a response. Because you can do the transaction online, things have never been easier. You can get the money in as little as one working day and you can get the money in your bank account today. There’s no pressure to repay the loan right away. If this isn’t possible to pay by your next payday, you can work out some other repayment plan.
Learn how you can benefit from payday cash loan. You can feel better about yourself knowing that you have come up with a reasonable and viable solution when you are in need of financial aid in times of stress and when you have unexpected emergencies. Wherever you live and no matter what you job is, you may find yourself in a tough position and in need of some help. If this happens, consider getting a cash loan. The amount of money you can borrow depends on your paycheck. As long as you meet the eligibility requirements, you can have access to a quick loan. These loans have helped many customers just like you so check it out.
Financial counselling would often share tips and advices about handling and managing your finances. Some of us are spending more than what we are earning which introduces us to debts. Others are not mindful of how they spend their earnings. They don’t have a clear plan or use a budget to allocate portions of their money. For other people, they just really are unlucky because they are sometimes surprised with unexpected or emergency expenses. For instance, they are retrenched and their job is their only source of income. An example of emergency case is when someone gets in accident. We don’t normally budget for this type of expense. So some of us advance cash from our employers or payday lenders so we can pay for the things we need to settle.
Advance cash loans are also referred to cash advance or payday loan. Whatever the term is, they all offer or extend help to borrowers on a short-term basis and with a small amount of money. You would have probably noticed by now that the going trend is applying online. Yes, advance cash can already be processed online which makes it available to all section of the community. So once you have decided to apply online, you only have to fill out the online application form and once the information you supplied are verified then you only have to wait within 24 hours to know if your loan application has been approved. The benefits are obvious:
- No lengthy forms to fill out
- No waiting for your turn with a long line of people
- You are ensured with the confidentiality of your financial information
- Quick approval time
- Transfer of funds into your account is secure
Advance cash statistics
A study conducted in 2008 showed that the percentage of those who are applying for advance cash loans in the United Kingdom alone has amplified by 130%. This figure is very alarming because it goes to show that there is not enough source of income or other financial product innovation that has been provided for the low income households, poor and the young. These people are the ones who composed of the 130%. So what is being done about this issue? The concerned industry should be able to come up with a solution in finding out the real cause and handling it because obviously people are just fixing the symptoms which makes it a failure in treating the real problem.
Is it convenient or inexpedient?
Certainly at first thought, this type of funding or loan is very convenient especially with those who really need the money. Aside from the fact that the application is very easy and approval is quick, you get your quick cash. Now this is the convenient side for you.
There are some things though that are not clearly explained when you apply for the advance cash loan. There are some costs attached to it. For instance, most of the payday lenders have processing fees that they charge to your loan. These fees range from 12 to 25 percent. Aside from this, there are penalty fees and interest rates that you should know. How much? It depends where you got the loan so make sure to check out the rates before you click the “submit” button. Repayment fee is another story. If you are not able to come up with payment for the loan that you have borrowed, there will be a corresponding penalty fee plus an additional rate for the interest which will cost you dearly. So is it inexpedient? I guess the answer is very obvious.
More questions about advance cash
A lot of borrowers may have several questions about the loan. Frequently asked questions and the common ones include the following:
- What is the minimum or maximum amount of money they can borrow? For first time borrowers who want to advance cash, the amount of money that they can borrow depends on the payday lenders but the usual range is from £80 to £600. Sometimes the amount that one can borrow also depends on the assessment of the lending company where they will base it on your paying capacity.
- If the borrowed loan is fully settled, can you make another loan? Certainly! Especially if your repayment history is good.
- Are there alternative payment schemes in cases I cannot pay the amount in due time? It is highly suggested that you pay the loan up to date but in cases where you have no sufficient fund you must coordinate with the agency to talk about the options and to know how much it will cost you. So as not to affect your credit rating, you must contact them days before the due date of your loan so the agency will be informed and they can present you repayment solutions.
It is always a must for every borrower to know all the significant details before they apply for a loan. This way they will not be caught in surprise once the loan matures and paying time arrives.
Annually, they say that there are about 1.2 million borrowers in UK who applies for payday loans to temporarily get by till the next pay day. In the country alone, the total cost that has been released in form of pay day loans is estimated to £1.2 billion every year. Some of the lending companies have been charging to a whooping interest rate that goes over 2,500% of the annual percentage rate or APR. What does the figure tells us? The statistics indicate a large number of the UK population has been resorting to pay day loans as their solution to their cash trouble.
On a macro view, the whole point of providing a pay day loan should avoid or overcome an individual’s financial difficulty. Online cash stores definitely offer higher rates than offline stores. The payoff here is that a borrower will be able to receive the loan cash within the same day of application in choosing the online facility. Whereas, those traditional stores that offer the same pay day loans service is more inconvenient for the borrower and would take a longer processing time. So generally, lending companies with the online facility is much preferred by borrowers. This article will briefly discuss the important factors that should be considered by individuals or borrowers in choosing an online store.
All online stores would advertise that they have fast and easy loan processing. This is a very catchy advertisement as we want someone who can provide us cash in a hassle-free and quick way. The problem is that all of them are claiming to be one. There might be some truth in it but is it really the number 1 criteria? Should it be the top consideration when deciding to secure payday loans?
Aside from the time aspect, loan processing also relates to servicing the need of the borrower even on weekends or holidays. Most lenders would be operating on a regular schedule which is from Monday to Friday with opening hours of 9:00am to 6:00pm. Some payday lenders go beyond this regular schedule. Of course, it would be much preferred if they can process our pay day loans even after working days or Friday that is.
How much do you need to borrow? The range of amount that one can borrow depends on the lending company. Some can go as low as £40 while others have a minimum of £80. For the maximum loan amount, others can go up as high as thousands while others limit it to £900.
Charges and fees
Some claims that they charge a fix rate as they advertise on their site. However, if they give you a computation of the total amount that you will have to pay, you will find out that there are some hidden charges. Be wary of this kind of situation when applying for pay day loans. This is why it pays off to inquire first before applying. For those who are upfront, they would actually do the computation already even before you decide so that there would be no one to blame to at the end. Some sites have their loan calculators or sliders which you can use to compute for yourself. You might want to check out for fees on setting up or arranging the loans which they may add to your loan. Sometimes they just give it another term. Read the fine print for your own interest and protection.
What are the client’s feedback
Check out previous clients and do some research about the lending company to know more about them and to assess if they are credible and legitimate. There are forum and sites that you can visit to learn more about these companies. There are surveys conducted by third parties to evaluate the service and customer satisfaction. You just have to know what to look for and who to ask these questions with. Things that you need to consider are the following:
- Customer satisfaction. A great part of your decision should come from the customer satisfaction. Knowing what kind of service the lending company provide will give you some peace of mind if the customers are very much satisfied with the service provided to them. It is a great relief for prospective clients or potential customers to believe that the company is legitimate, credible and most of all reliable. At this time of financial crisis, one is very vulnerable and so details like this are indeed significant.
- Percentage of referrals – This is actually related to customer satisfaction. If there is high percentage of individuals getting referred to this lending company, you can assume that it is one of the best because previous or existing customers are satisfied with the service. They believe that this lending company can be trusted and that they are living up to what they have been claiming.
- Pre and Post customer support – Most websites offering pay day loans have live chat support. However most of these services have canned responses to the common questions that people raise. It would be helpful to talk to someone who knows what they are really saying and who can really help you out with your questions. The support that should be extended to clients should not be only on the pre-borrowing stage but also on the post-borrowing stage.
Whenever you shop around for your pay day loans lending company, make sure that you have a checklist of what you need to know and ask so that you can cover all bases.