Payday Loans

WhiteLoans.Co.Uk CWhite Loans Payday loans tailor made for YOU iC Payday loans can be your saving grace when it comes to unexpected expenses or making ends meet Sometimes a little help is all we need, and payday lenders provide a valuable service to the community for those who just need a hand 'til payday. Payday advance Payday loans, also known as payday advances, are small short-term loans secured against a customer's next paycheck. loans rely on the consumer having verifiable payroll and employment records. Each year now in the U.K. - 1.2 million people take out $4.1 million loans Payday loan industry in the United Kingdom has grown rapidly with 1.2 million people using such loans in 2009 compared to 300,000 in 2006. It The average borrower takes out 3.5 loans a year at an average of about £300 Of the 4.1 million loans has QUINTUPPLED and has held steadyever since. taken out loans each year, the average amount is £294 Two-thirds of borrowers have annual incomes below £25,000 75% of customers use payday loans to cover unexpected expenses or pay bills 75% Good Reasons to Use Payday Loans Emergency Situations - Most common reasons are: to get car fixed, pay for medical care, or to cover a monthly bill. if your car breaks down and you might miss work then a quick loan might prevent lost income. you have an urgent medical need but are short on cash, a payday loan may be the right solution look at all of your options before taking a loan To Avoid More Costly Fees from Banks or Utility Companies - Banks are known to charge 30 to 80 dollars for so-called "over-draft fees", and these fees can be incurred several at a time if you aren't extremely careful. Credit cards charge late fees and lower your credit rating if you're delinquent, and utility companies often charge an obnoxiously large fee to turn on a service once it has been disconnected. A reasonable short-term loan can help you avoid incurring much more severe penalties. And if your utility or phone service is disconnected, there are more fees to reconnect your service. Start by finding out what the late fees are for each of your bills, then compare the cost to determine if a payday loan a better option. Bridging a gap in income - Those of us who work for a living know that it doesn't always add up just right. Sometimes bills are due on one day while payday is still days away, and it only makes sense to take out a payday loan to keep things running smoothly. An occasional short term loan can just make life easier sometimes. Your Forgot About Someone's Birthday - Maybe you forgot about a good friend or family member's birthday rapidly approaching and forgot to appropriate funds for a thoughtful gift. This is an occasion where it might be worth it to you to borrow the funds for a short period of time to make sure they don't feel like you forgot about them Bad Reasons to use Payday Loans: Sale Now On, Something you want is on sale - should not use to satisfy impulsive wants. You want to go out to lunch – If you can't afford a lunch out, how will you afford your payday loan? You're Planning A Vacation - You should not use payday loans to pay for things that could just as easily be paid for by proper planning such as hosting someone's bachelor party or bridal shower or going to Vegas for the weekend. To Buy Magic Beans - again, don't. Avoiding the Need Look into all of your financial options. Everyone should have a little money saved away for a rainy day, but that isn't always feasible in every circumstance. Here are some things you can try before taking out a short-term loan. Try to work out an extension or a payment plan Cut back on other expenses such as dining out or entertainment Borrow money from a friend, a relative, or your employer. - Check into emergency assistance programs in your community for things like food and bills. - If you have a credit card, you may be able to take a cash advance out. Check your terms and the interest rate before making a decision. White Loans WhiteLoans.Co.Uk Payday loans tailor made for YOU Payday Loans can help you in your hour of need, and should always be used responsibly and as needed. Source: Images Sources : http://en.wikipedia.org/wiki/Payday_loans_in_the_United_Kingdom http://www.wsws.org/en/articles/2010/08/payd-a23.html http://www.paydayone.com/using-payday-loans.aspx "Heart Attack" by nokhoog_buchachon/FreeDigitalPhotos.net "Electric Power Substation" by antpkr/FreeDigitalPhotos.net "Solution " by renjith Krishnan/FreeDigitalPhotos.net "Gift Boxes" by zirconicusso/FreeDigitalPhotos.net "Sale Now On Blackboard" by Stuart Miles/FreeDigitalPhotos.net "Beach Chair" by digitalart/FreeDigitalPhotos.net "Coffee With Beans" by savit keawtavee/FreeDigitalPhotos.net