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A Rational move towards instant Cash relief !
There are certain times when we are bound to make some extra expenses in order to keep up our commitments. Such inevitable situation force us to spend that additional cash even if our bank account does not allow us to do so.
This leads to the imbalance in the cash inflows and outflows of a particular month. It is the most difficult phase which one undergoes, when the monthly budget exceeds unexpectedly and you just can not avoid making those additional payments. So, you might start looking for some external cash help.
No doubt, you can make a request to your friends and relatives to obtain small amounts of advances, but then it is not a feasible option every time you are in such a trouble. It may lead to unhealthy relations between you and your closed ones in the times to come. Now just do not worry, as you can rely on the loan tools available in the country’s financial market.
In UK, there are quite a number of loan products which are readily available for you. One of the various loan types currently existing to support you is termed as payday loan. It is also referred to as a quick and easy cash at your disposal. It can be further explained as a short term loan which usually serves to bridge a gap between two paychecks.
The loan lenders understand the exact needs of the aspiring borrowers. These loans are useful at the time when you require urgent cash to make some unforeseen payments. It intends to cover the borrower’s expenses until he receives his next paycheck.
The loan can be applied through Internet which means you need not wait in long queues for the approval. The online procedure makes it possible to save enough time at your end. Moreover, no credit verification is done under such a loan category. You can quickly get the cash in your account and start using the money as per your need.
However, there are certain prerequisites which have to be fulfilled in order to become eligible for a payday loan. First and the foremost condition is that you must be an adult citizen of UK. Next, you need to be permanently employed, which ensures the lender about your regular income. It in turn helps you to decide the loan amount to be fetched as a loan, The amount on loan must be selected according to your capability to repay it on your next payday.
You can make use of the amount for almost any purpose. Whether it may be the medical bills, college fee or your mounted monthly expenses. The application of the loan amount is not limited to a particular area.
Therefore, payday loan is a convenient way to pay off your sudden increased expenses, without any hassles.
The Lowdown on the Orchard Bank Secured Credit Card
When your credit history is proving to be a hindrance to your financial well-being, perhaps it is time for you to get a secured credit card. One of the cards worth your consideration would be the Orchard Bank MasterCard secured card issued by the HSBC Bank of Nevada.
This card targets customers with poor or limited credit ratings, and aids them towards improving their credit histories. A secured credit card works by requiring the card holder to deposit cash into their credit card account prior to utilization. This way, this credit card prevents its card owners from incurring more debt whilst helping them re-establish their credit history.
An additional advantage unique to this card is that the deposits in the account are paid interests by the bank. In the effort to establish a healthy credit rating, customers must bear in mind that late payments must be avoided, and they have to be aware of the current annual percentage rate for the card as the APR of the Orchard Bank Secured Credit card is based on a variable rate. Although, the regular rate now stands at 15.90%, the actual rate is dependent on the Prime Rate. APRs for cash advances are higher than most cards at 23.40%, with a minimum rate of 19.99%.
Interestingly enough, the annual fees for the Orchard Bank Secured Credit Card is lower than other most unsecured credit cards. Balances above $1000 will only incur fees of $35 whilst card holders who have charged more than their credit limits will only be charged only $29. Also, there are periodic reviews of the credit limit for each account, so regular payments will enable the card holder to obtain higher credit limits and at the same time improving their credit history.
Finally, the Orchard Bank secured credit card also offers a lot of perks not evident in other competing credit cards. These would include Internet services, emergency replacements for stolen cards as well as numerous protection services against fraud and identity theft.