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New Payday Lenders

New Payday Lenders

Online lending is fast becoming one of the most popular and efficient ways to borrow money, and it’s easy to see why. You can apply for a financial helping hand whoever and wherever you are, and whatever your circumstances or reasons for borrowing. There are a great many new payday lenders online who are ready and willing to help you out with a boost of finances when you are down on your luck and the bills keep coming.

What is a Payday Lender?

A payday lender is a company that will offer you a cash loan. This loan is a short term, high interest loan that you take out and repay within a very short space of time. There are a growing number of online companies who offer this service, and it is a quick and easy way to borrow money.

How do I apply?

It is a very simple process; you will need access to the internet-some companies now offer a service from your mobile phone or tablet, for added ease and convenience-and all you need to do is work out how much you want to borrow and how quickly you can pay it back. The majority of these loans are very short term, meaning that they will be repaid by your next payday. This is a great feature of loans from new payday lenders, as it means you will not have debt hanging over your head for years to come.

There are a few basic requirements you must fulfil in order to be approved for a loan from new payday lenders:

•Are you over 18?

•Do you have a take home pay of £500 a month or more?

•Are you a UK resident?

•Do you have a bank account that accepts deposits?

As long as you answer yes to these basic questions, chances are you will be approved for a loan.

What’s so great about New Payday Lenders?

There are a great many advantages to a loan from new payday lenders. 

-Firstly the ease and convenience. There are not many money lending options that you can access from the comfort of your own home, at any time of day or night. This means that whatever the financial emergency, you can keep your head above water even when a loan from any other source is out of the question.

-The application process is so much more simple than that of a bank loan; you won’t have to fill in miles of paperwork after sitting in a queue for hours on your day off.

-Approval is usually decided within a few minutes so you can have money transferred to your account in the time it takes you to make a cup of tea. 

-You will be debt free within a month or so-as long as you pay off your loan in full you won’t have repayments stretching on for years at a time.

New Payday Lenders repayments

This is an important point, so make sure you bear in mind that you must be able to repay your loan on time. If you default on your loan then you will have to pay heavy interest charges on top of your loan repayments, potentially leaving you even shorter of money than you were before. Always make sure you contact your loan company if you find you are having difficulty paying back what you borrowed; many companies will be able to help you out until your finances are more stable, but it’s best to avoid this scenario by repaying on time.

A great thing about the short term nature of loans from new payday lenders is that it is all done and dusted in a very short space of time-usually you will borrow and repay your loan within the space of a month or two, meaning that unlike a bank loan you will not be repaying your loan for years to come. It’s also very convenient-the money is taken directly from your account without you having to do a thing except make sure that the funds are available. 

New Payday Lenders for bad credit

Unlike with a bank or other type of loan, poor credit history doesn’t need to be a problem when taking out loans from new payday lenders. There are many online loan providers who deal specifically with customers who have a poor or non-existent credit rating, so don’t let yours stop you from applying! Even if you have been turned down for a bank loan in the past, or have been refused credit elsewhere, chances are you can be approved for a short term loan. 

Emergency help from New Payday Lenders

We all know what it’s like-payday is weeks away and the boiler decides to blow up, or the car gives up the ghost. You have no way of getting money to fix these problems before your wages arrive, and no one around can help-this is where short term loans come into their own. A short term solution to acute financial problems, these loans are handily accessible, convenient and available to just about anyone. You can apply for any reason; whatever the emergency you can have it covered in a very short space of time.

The ease and convenience of loans from new payday lenders is unrivalled, and the high interest charges really are a small price to pay for this instant helping hand.

 

Online Application

1. Apply Online

2. Decision Online

3. Loan Transferred

  • Borrow up to £1000.
  • Simple one page application.
  • All circumstances considered.

 

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APR Explained

Rates between 45.3% ARR to maximum 1575% APR

Representative 277.6% APR

Representative Example:

Amount of credit: £850 for 11 months at £146.30 per month.

Total repayment of £1,609.25. Interest: £759.25.

Interest rate: 150% pa (fixed). 277.6% APR Representative.

APR rates range from 45.3% APR to 1575% Max APR. Your APR rate will be based on your circumstances.

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