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Payday Loans No Hassle – Your Uncertain Expenditure Taken Care of
When you apply for payday loans no hassle, it is approved without any questions being asked. There are no obstacles laid on your loan application. These loans have become quite popular with the salaried people in the United Kingdom of late. There is no hassle involved when you apply for these loans, and usually the loan amount applied for wired to your checking account within twenty four hours after application. The approval is instant as long as your loan application meets the lenders minimum conditions.
The best method for applying for payday no hassle loans is though the internet or the online mode. You dont have to leave the comfort of your home or your work station to apply. All that is required of you is to fill in the online loan application form for the loan to be availed to you. This has ensured that the loan is issued immediately the lender receives your request. The payday loans dont attract the necessity for security pledges. Your employment records acts as the collateral for the loan. You dont have to pledge any physical asset as the security. This being the case, the loan amount that a borrower can be availed is usually small. The amounts which can be advanced are usually in the range of £100-£1500 and the repayment period is normally very short, 14 to 21 days after loan approval.
Payday loans no hassle can be used for various uses by the borrower. They can be used for urgent car repair, pay for immediate bills for instance electric, phone bills, pay for an urgent medical bill, pay for examinations or for school fees and many other such other urgent financial wants. How ever these loans carry a higher rate of interest as compared to long term loans. This being the case, you should only apply for these loans if your need can not wait for the next payday.
When you are applying for payday no hassle loans, it is a wise decision to compare and contrast different rates changed by the numerous providers of these loans. Only settle for the one that you feel is right for your special loan requirement and offering the best deal amongst all others.
For you to be eligible for payday loans no hassle, you have to be a UK citizen who have attained the mature age of 18 years. A permanent residential address is a must. You are also required to have a valid and active checking account which is older than 90 days for the loan to be availed to you. Once you have proved to the borrower that the said requirements are in order, then your loan amount will be wired into your account within a few hours after receipt of your application.
Payday Loans and a Nightmare Waiting to Happen
It all starts out nice enough until you pick up the mail and notice a letter from your bank. Apparently due to a simple math error in your checkbook register, you’ve bounced check. Now a bounced check in previous years, would simply have resulted in your bank, requesting that you make good as quickly as possible, along with correlative with modest service fee.
In today’s hyper inflated maximum income driven world however, almost nothing is as bad as a bounced check situation. An attempt to maximize profits, banks have become increasingly more willing to sacrifice good business relationships with long-term customers for short-term gain. Understand we’re not talking about the person who habitually writes bad checks but the average Joe or Jane that makes a simple math mistake or error in judgment.
How many of us have at one time or another made a deposit in the bank and immediately pay our bills without deposit? This can sometimes be a problem depending on how the bank balances its own box. Although many banks acknowledge or post deposits before handling withdraws, some do the opposite in an attempt to maximize overdraft fees.
Some banks will even bounce your check, and then take out their bounced check fees that result in yet another bounced check in your account and another fee etc. Don’t let this happen to you. Use the link below and get a list of payday loan service companies that will give you your first loan interest free.
Smart consumers will check with their bank to understand their overdraft and banking procedures. If you find your account was opened at a bank that posts checks written on your account before your deposits, find another bank fast!
If you are financially solid enough to qualify for overdraft protection, this is probably the best insurance you have available to keep from paying high overdraft fees. Speaking of those fees, instead of the modest service charges banks at one time charged for accidental overdrafts, fees now range from a low of $25 to as much as $40 or more depending on the bank. Should you bounce a check, it’s quite normal for bank fees to be more than $100 especially if you can’t immediately.
Payday loan companies have been accused of charging extremely high interest rates by the government and so-called consumer groups. The fact remains however that your local bank may be charging interest in the form of huge fees that is actually a lot higher than a payday loan service.
So remember that while consumer groups and the government claim to be the consumers friend, they’re not saying much about those huge fees charged by big banking institutions. While they feel safe bullying small payday loan service companies they are apparently unwilling to take up the much larger problem and deal with the large banking corporations. After all, the real reason for saying anything is for publicity and media attention. [smile]