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Payday Cash Loans Are Here To Stay

 Payday cash loans come in handy in urgent situations. Imagine when you wake up one morning, and as usual prepare to go to your place of work. Suddenly, it hits you that you do not have enough money to take you through the month until your next pay check. May be your car just broke down, and its repair is so important that you cannot do without it. Other needs such as food or small debts that you need to be paid off before the end of the month are some of the things that drive a lot of people to look for the services of  Payday cash loans.

 In this system of loan lending, you just look for a good lender who is willing to give you instant cash as a loan until your next pay check. Literally speaking, anybody who needs some quick bucks to sort out their prevailing financial need before the pay day is a perfect candidate for these lending institutions. The main aim of these lenders is to take care of some of life’s little emergencies that we may not be able to avoid by giving you fast and quick instant cash loans.

 The Difference between Payday Cash Loans and Conventional Loans

 The system involved in these institutions is way different from other forms of conventional loan institutions. One of the ways through which they differ is that most Payday cash loans are generally short-term. You are, therefore, required to pay them at your next pay day. For one to get a loan from this financial institution, in most cases, all that you are required to do is fill out the loan application forms and give them your employment and personal information as necessary. It really takes a short time for the amount of loan to be processed. Usually there is always a great possibility of the funds being transferred to your account the same day.

 The other big difference between Payday cash loans and other conventional loans is that it is only in Payday short term loan services that you can get to have an unsecured loans service. For you to get a loan with this financial institution, you do not have to put up collateral with the lender that will act as security for the loan, unlike with the traditional lenders such as the banks and other institutions that do not offer services for unsecured loans.

 Another reason that makes a lot of people prefer the services of Payday cash loans to the traditional loans is to avoid the rigorous process that is involved in the traditional financial institutions such as banks. For example, many major banks will not approve a loan for you before they do a thorough credit check on your credit history. The whole process may take two or three weeks before the loan is approved. Payday cash loans are easy to get and once the money is in your account, you can use it in any way you want.

Representative example on a loan of £200 repaid after 30 days:

  • Total charge for credit: £248
  • Payable in one payment of: £248
  • Interest: £48
  • Interest rate: 292% p.a.
  • Representative 1223.6% APR (variable)

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Our company is a licensed credit broker and not a lender

Marc Obadia T/a - Payday Lenders Direct Registered Office : 8 Parson Street, London NW4 1QB
Financial Conduct Authority Interim Permission Number: 654479 Data Protection Registration: ZA060351 Payday Lenders Direct is Authorised and Regulated by the Financial Conduct Authority”
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