How to Get a Fast Payday Cash Advance Today!

Are you running a little bit short of cash right now? Could you use a fast payday cash advance? What are you waiting for? There are companies now that give out payday advances for qualified individuals. When I say "qualified individuals", I only mean people who make a certain amount of money and that are employed.

You can either borrow the money online or you can run down to just about any corner store and get it taken care of that way. Personally, I think doing it online is better. The reason why I say that is because you have many more companies that you can choose from and you can compare their rates and the amount that they're willing to loan based upon the information that you give them. If you go down to the corner payday loan store then you're stuck with whatever they have to offer. Doing it online is the best and easiest way to go.

One thing you do need to be careful of when you start taking out payday loans is that you don't over extend yourself. Payday loans are actually an excellent resource in the event of emergencies or anything else that happens unexpectedly. However, they are not without a price. The fees are normally very high for a short-term loan so it's very important that you pay the entire amount back on your next payday as agreed, otherwise you may get into a continuous cycle of borrowing and by doing this you will end up paying an enormous amount of interest.

Here's an example, let's say that you decide that you just can't afford to pay the loan back your following payday. What will happen is that the loan company will allow you to simply pay the interest and forgo paying the balance until your next payday. Well, what you've just done is paid twice the interest for only one loan. You really need to avoid doing this if at all possible.

As I said before, fast payday cash advances can be an excellent resource in the event that you're in need of some quick cash, but they can turn into a nightmare very quickly unless you're very careful. Bottom line - never, ever borrow more than you can afford to pay back on payday. Stick to this rule and you'll always be in good shape financially.

Source:-http://ezinearticles.com/?How-to-Get-a-Fast-Payday-Cash-Advance-Today!&id=605400

Long Term Pay Day Loans

Are you in need of some emergency cash to get you by until your next payday? Emergencies happen and you should never be embarrassed if you need a little help until you can afford to deal with the situation at hand. Whether it is a car repair, medical emergency, or anything else you can get a payday loan to help out. Just avoid long term pay day loans.

Long term pay day loans are not only hard to find, but they are very expensive. The way most payday loans become long term is because of the way the borrower treats them. Lenders that do these types of loans usually have a fee that they will charge to extend your loan for a second 30 days, then a third, and even a fourth. This will cost you the fee plus all the interest as well.

In the long run if your payday loan lasts for more than 30 days you are going to pay hundreds in extra money that you do not need to pay. This is how the lenders make such big bucks are able to stay in business. You need to avoid this long term pay day loan disaster.

When you have to get a payday loan you should consider it a 30 day loan and no longer. Some places only give you 14 days, but most of them will work with you up to 30 days now. You need to be smart when you take out the loan and really assess what you need.

If you have a car repair that is going to cost you $600 and you already can afford $200 of it, then you only need $400 in a loan. Even if you qualify for $800 do not take that much because you will struggle to pay it all back. It is much easier to pay back $400 than $800.

You also need to make sure you pay the loan off in full as soon as you can. If this means that you pay it off with your next paycheck and go without some of your extras for a week or two, then so be it. You will be better off doing this than if you decided to make your payday loan last longer than you need it to.

Source :- http://ezinearticles.com/?Long-Term-Pay-Day-Loans&id=1297486

Online Payday loans: Bridge Needs With Urgent Cash

Summary: Online payday loans are designed to meet the urgent and instant cash needs of the borrowers. These loans are unsecured in nature. The amount offered under this loan is small with a short repayment tenure.

The online payday loan is a convenient route to get quick cash relief, actually when you need it the most. The payday loans or instant short term cash advances act as the bridge between the borrowers urgent cash needs and his upcoming pay day. This loan comes into rescue when the individual is embroiled in uncertain finance crises. These small and short term cash loans are very helpful for the people who are surviving on their salary to meet every day expenses.

The urge for loan comes in limelight when the individual has limited source of income and rising cost of miscellaneous expenses. In several cases, things happen to be so important that a person cannot let them remain ignored or untouched. The problem for cash crunch only occurs in between any two consecutive paydays. There are lots of people across the country who face such problems on a regular intervals. However, for helping those people, the lending authorities in the UK have come up with the provisions of the payday loans. These loans last only for next salary day or upcoming payday of the borrower. This is the reason, they are well known as short-term loans. The amount offered under this loan is small or equivalent to the borrower's salary.

The urgent cash crunch can be easily met in just less than 24 hours of time. The loan amount offered under the online payday loans in UK ranges from around 100 pounds to 1,200 pounds. The sanctioned money has to be repaid in time period of two weeks or by the next payday of the borrowers. Meanwhile, the borrower can repay the principle amount plus some lending fees, which is incurred upon by the loan providing authorities.

The leading lenders or banks earn by charging fee over the amount offered. This mode of charging fees is well known as the rate of interest. No doubt, the interest rates vary from person to person and even the lender to lender. However, the terms and conditions basically depend on the income of the loan seeker. For availing the loan, one must earn 250 pounds per pay day.

The lender offers the loan to individuals who have achieved the age of 18 years and hold the citizenship of the UK. Adding to your convenience, the borrower must possess bank account for loan transaction. Due to less hassles and hindrance, the short term paydaylaons in the UK are even known as the fax less payday loans.

One of the best features of this loan is that the individual can apply for paydayloans from the comfort of his or her home. You can go online, search till you find a lender that you are comfortable dealing with, and then fill the free loan application form. The loan expert from the concerned company will go through the form and verify the details that you have provided. The most important information that you would need to provide is your bank account. As soon as the loan expert has verified your details, the processing of your request starts . You can avail online paydays on the same day of application.

Source : http://www.bestsyndication.com/?q=20080714_online_payday_loans.htm

You can settle the loan on payday - but the APR could be more than 2,000 percent

Lisa Bachelor on the growing anger over internet short-term lenders

Offshore money-lending companies charging interest rates in excess of 2,000 per cent are targeting cash-strapped borrowers in the UK via the internet. They are offering 'payday loans' that provide desperate borrowers with up to £1,000 over 31 days, which then has to be paid back with hundreds of pounds added on in interest.

Some lenders come from the US, where payday loans have become big business since the credit crunch. One, Pounds Till Payday, operates from Malta and its website declares annual interest rates of 2,225 per cent.

'We are concerned that although payday loans have been on the UK high street for some time they are now springing up in increasing numbers online,' says Peter Tutton, debt policy adviser at Citizens Advice. 'Until recently people on a low income could still access loans from mainstream lenders but now the banks have closed their doors to higher risk customers.'

The Archbishop of Canterbury, Rowan Williams, recently opened a House of Lords debate on families and debt and called for 'an urgent review' of the rates charged by doorstep lenders.

Debt On Our Doorstep, a coalition of debt charities and credit unions, is so concerned about payday loans that it has tabled a motion in Parliament calling for an investigation into them.

The loans are targeted at desperate borrowers who cannot get money elsewhere. No credit checks are carried out and all that is required in most cases to get the money is bank account or debit card details. The money is paid into the borrower's account the same day and is debited straight from the account - with charges - 31 days later.

This no-questions-asked approach to lending is irresponsible, say the debt charities, tempting people to borrow money...#65279; with no prospect of repaying.

'We would suggest that not bothering to run any credit checks or verify income constitutes irresponsible lending and would like the Office of Fair Trading to look at whether these companies should have their credit licences revoked,' says Damon Gibbons, chair of Debt On Our Doorstep.

Citizens Advice came across one case of a single parent with a 10-year-old child who had multiple debts of £8,000. Her weekly income when she came to the CAB consisted of £83 statutory sick pay and £200 in state benefits. One of her debts was a payday loan, taken out online, with an APR of 1,355 per cent.

'Her mental health was deteriorating and her financial situation was becoming increasingly impossible,' said a Citizens Advice spokesman.

The Observer talked to an online saleswoman - 'Danielle' - at Pounds Till Payday and was told that for £100 borrowed the company would charge £29.98. When we asked if there were any late payment charges if we did not have the funds to pay within 31 days, we were told that a £59 charge would be added to the bill, which is not advertised anywhere on the website.

Other operators include Payday Express, which charges £20 for each £100 borrowed, and Month End Money, which charges £25 per £100.

Debt advisers are worried that the squeeze on credit will lead to a similar situation as in the US, where payday loan companies are commonplace. In some parts of Cleveland, the city in Ohio hardest hit by the sub-prime mortgage crisis, all the conventional banks have been replaced by payday lenders.

Payday loans are so insidious that they have been banned in a handful of states; in New York, annualised rates of interest offered by any lender must not exceed 25 per cent. But even in New York the number of so-called 'check-cashing shops' is on the rise.

The biggest payday loans company, the MoneyShop, owned by US company Dollar Financial, has 250 stores in the UK and recorded 55 per cent lending growth in the last quarter of last year.

Source:http://www.guardian.co.uk/money/2008/jun/29/interestrates.internet