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What makes Guaranteed Payday Loans Different?

What makes Guaranteed Payday Loans Different? PE A payday loan helps people through short term financial difficulty without the need for Applying for a payday loan is a straightforward Guaranteed payday loans can be used for any situation where process. you need a short- bounced cheques or overdraft fees. term cash advance. It could be for house repairs or for fixing your car, anything that requires cash that you haven't budgeted for. Unexpected bills or expenses are the most common cause of payday loans. Payday Loan Statistics Typical payday loans range from £50 to £1000 and are taken from the date of application to a customer's payday. 200 For first time customers the average loan is £200. Typical customers have 3-4 cash emergencies per year that require short-term finance. Consumer Focus estimated last year that 1.2 million people took out 4.1 million loans in 2009. As a result of its most recent inquiries, which led to an interim report in November 2012, the OFT thinks that as much as £1.8B a year may now be being lent by payday lenders. The Public Accounts Committee (PAC) said that about two million people in the UK used payday loans. The OFT found that the typical borrower of a payday £1K loan was "more likely to be a young male, earning more than £1,000 monthly, and in rented accommodation. Many are unmarried with no children" 1,657 Amount in pounds of the average payday loan debt of clients of StepChange Debt Charity. Stepschity nange The average client's net monthly income is £1,379 20,013 Number of calls to National Debtline about payday loans in 2012 265-270 Amount in pounds of the average loan, according to OFT research. This was typically taken over 30 days 2.2bn Value in pounds of the industry in 2011/12, according to the OFT, up from £900m in 2008/9 Choice. Short termn loan reviews References: management/payday-loan-basics/83-the-basics-of-payday-loans

What makes Guaranteed Payday Loans Different?

shared by taylordavies8788 on Mar 14
A payday loan is designed for when life throws an unexpected emergency at us at a time when we don’t immediately have the funds to pay for it. From a failed MOT to an unexpectedly high bill, a payda...


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