Do fast cash loans really exist? Can you apply for a loan and be able to physically be holding the cash the same day you apply?
Very simply, yes and yes.
It is often wrongly assumed that you would need to go to illegal loan sharks to be able to get hold of instant loans the same day you need it. There is an alternative though that will mean you can go to a cash machine and withdraw money you applied to borrow that very same day.
These alternatives are called Payday Loans.
The process is incredibly simple. You make a quick application online or on the telephone and you get an instant decision. You may need to fax or scan some payslips to prove your income – but many applicants don't need to do this. You will need access to your e-mail to do what's known as an "electronic signature" on your loan documents. Then you're done. Simple as that. Now, of course, not everyone gets approved but if you do you stand a really good chance of going from application to withdrawing the cash within hours. All through reputable companies – fully licensed and all completely 100% legal with no need for loan sharks knocking on your door.
APR's on quick cash can sometimes be quite high. However, it is important to note that an APR is an ANNUAL percentage rage. You will only be borrowing the money until you next get paid which will be weeks or maybe just days away. So the APR can sometimes be a little bit confusing. Generally (although some lenders vary slightly – so check carefully) you will pay back between £20 - £25 interest for every £100 you borrow. If you can afford to do it – and you need payday loans now – then a instant loans may be a great option for you.
17 November 2009
04 November 2009
Christmas Quick Cash
04 November 2009
Christmas is fast approaching and it is the time of year where you need to carefully budget to make sure you are not over spending yet you are providing a great Christmas for you and your family. This time of year, for many, is a time when quick loans are needed.
In many shops the sales have started early with discounts on some items between 25%-50%. This is a massive saving especially if you are buying presents for many family and friends.
If you are looking to take advantage of these discounts and get your Christmas gifts cheaper then it could be beneficial for you to borrow using quick loans so you can buy the items while they still have a discount.
The normal amount of interest on a quick cash is £25 for every £100 you borrow. So, let us say you borrowed £300 – and you would have to pay back £375. If you were buying £400 of presents with a 25% discount – these will cost you the £300 you borrowed. You'll pay back £375 – which is £25 less than the presents would have cost you full price. So it does make sense.
As with any type of borrowing, make sure you budget to pay the loan back when you next get paid as the repayment will come straight from your bank account.
In many shops the sales have started early with discounts on some items between 25%-50%. This is a massive saving especially if you are buying presents for many family and friends.
If you are looking to take advantage of these discounts and get your Christmas gifts cheaper then it could be beneficial for you to borrow using quick loans so you can buy the items while they still have a discount.
The normal amount of interest on a quick cash is £25 for every £100 you borrow. So, let us say you borrowed £300 – and you would have to pay back £375. If you were buying £400 of presents with a 25% discount – these will cost you the £300 you borrowed. You'll pay back £375 – which is £25 less than the presents would have cost you full price. So it does make sense.
As with any type of borrowing, make sure you budget to pay the loan back when you next get paid as the repayment will come straight from your bank account.
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