Instant Payday Loans
If you find yourself in a difficult financial situation and you need cash immediately there are a number of solutions you can look in to. If borrowing from a friend, relative, a bank or other traditional lender isn't an option there are some other innovative ways to find the money you need.
If you own a car or van outright a logbook loan is a loan secured on your vehicle. As a result there is no need for a credit check as long as you can prove you can afford the repayments. Very often the lender will lend up to 50% of the value of your car as long as you have no finance on it and it is less than 10 years old.
Alternatively, if you own any valuables you can also use them to secure a short-term loan. Online pawnbrokers combine tradition with technology lending against a number of items that include luxury watches, jewellery, antiques and more. They can make funds instantly available against items anywhere in the UK. The companies are discreet, professional and friendly and you can normally do business any time 24 hours a day, 7 days a week.
An increasingly popular way to borrow funds in an emergency is a payday or short-term loan. These loans typically range from between £80 and £1000 and can be used for almost any purpose. Payday loans are a relatively new concept in the UK but are the fastest growing method of borrowing in the world. Already, over 4 million people in the UK, from all walks of life apply each year and the number is increasing all the time.
A payday or short-term loan can be a convenient way to get emergency cash until payday. The application process is straightforward as there are no lengthy application forms and no posting or faxing of documents. The majority of payday and short-term lenders offer quick approval in less than 2 minutes, so customers know straight away if they have been successful.
Payday and short-term lenders can offer greater flexibility than banks and other high street lenders because loans are made available to people with all types of credit history - good and bad.
A typical loan period is up to 30 days and cash can be deposit directly in to your bank account the same day you apply. If you need the money now and don't get paid until later in the month payday loans are a transparent, easy to understand and fast way to borrow the money you need.
Everyone faces unexpected financial emergencies from time to time but before considering a same day loan think about what you need the money for before applying and make sure you budget to repay the loan.
The minimum requirements to apply for this type of loan are:
- You must have a bank account that accepts direct debits. This includes basic bank accounts that do not come with an overdraft or debit card.
- You must be at least 18 years of age.
- You must be a resident and be eligible to work in the United Kingdom (England, Scotland, Wales or Northern Ireland).
- You must be employed and receive a regular salary.
- You must have your salary paid directly into your bank account.