Payday Loans - Good for Millions of People

PAYDAY LOANS GOOD FOR MILLIONS OF PEOPLE Payday loans originated in the United States and have been growing quickly in the UK Market over the last five years. They offer a small cash advances provided for short term periods, usually until the borrower's next pay date. WHAT IS THE MONEY USED FOR? O ESSENTIALS INCLUDING FOOD AND UTILITIES 86% PAYOFF OTHER LOANS 29% 17% FUEL EXTRAS (CLOTHES, CHRISTMAS, TRAVEL) 36% 5% HOUSE MAINTENANCE PLUMBING REPAIRS T% HAVE A LOOK AT THE BENEFITS EASY TO APPLY & QUALIFY FREEDOM TO USE CASH NO HIDDEN CHARGES QUICK LOAN PROCESS ACCESS TO 20+ LENDERS VERY HIGH ACCEPTANCE RATES UK INDUSTRY STATISTICS you borrow money for a few weeks to cover a shortfall until you are paid. You can normally borrow up 240 LENDERS Payday Loans let current amount that to creates the payday loan market 0OOL3. for up to a month. 50 payday lenders warned after a report by the trading watchdog to prove they were up to scratch or risk being put out of business. The industry £270-average estimated worth £2 BILLION payday loan amount. £25,000 - payday loan users average income. MAJOR CITIES AVERAGE PAY LOAN £ 1,859 £ 1,673 LONDON BIRMINGHAM £ 1,683 £ 1,683 GLASGOW LEEDS £ 1,685 £1677 MANCHESTER NEW CASTLE THE FACTS 1 Recent study by CNN showed that people are more likely to take out another payday loan within 2 weeks of their first loan. More than half borrowers said payday loans relieve stress when they in need of quick cash. Websites let you apply online and loans are normally approved the same day whilst giving you the option to make one month repayment or a number of repayments. 3 BEFORE YOU BORROW CONSIDER CHEAPER OPTION CHECK FOR HIDDEN FEES CONFIRM LENDER IS REGULATED Your local credit Make sure that the Make sure that the lender is approved by the industry body. lender is approved by the industry body. union may be able to help you, even if you have a bad credit. SuiftMoney https://swiftmoney.com SOURCES https://swiftmoney.com http://www.debtsupporttrust.org.uk/ https://www.citizensadvice.org.uk/debt-and-money/ https://en.wikipedia.org/wiki/Payday loans_in_the_United_Kingdom#Overview http://www.responsible-credit.org.uk/