Payday loans are short term advances usually of one to four weeks
. The objective of taking this scheme is to overcome financial and medical emergencies. These loans are also called as cash advance.
This kind of finance is usually required at the end of the month for meeting urgent expenses like medical bills, phone bills, house rent, other utility bills or any other unexpected expenditure. This type of situation mainly occurs when a person lives beyond his means or fails to maintain a household budget.
The only way to get out of a difficult financial situation is by applying for payday loans. Before availing this scheme you must remember that the interest rate charged on these advance are slightly higher than the normal rates. Ensure that you get to acquire the funds in a risk free manner, but before availing this scheme you must make a proper research of the financial market.
The conditions to be fulfilled are:
You must have a fixed job or there should be a regular source of income.
You should have a bank account.
You should be a citizen of UK
You should be at least 18 years of age
Your monthly income should be at least 1000 per month.
You can avail this finance in spite of having poor credit history. Your lender does not take into account your past credit record, thus, making this credit available to one and all.
The credit amount of such advance ranges from 80 to 1500 and the repayment duration is 1 to 30 days. There are many companies who are promoting check cash facility online. Some banks and other institutions also provide you with this credit facility online. For this scheme you can even visit an institution.