subject: Payday Advance - Quick Monetary Aid [print this page] Payday Advance - Quick Monetary Aid
Fiscal problems are like an invading army. They storm in and disrupt daily life. Borrowers incapable of dealing with them have to look for outside financial aid to get them selves out of this situation. Payday advance is a great way to deal with this problem.
This service is granted for a very short period of time. The money can be utilized by the borrower as per their wish. The borrower can use the money lent to pay medical bills or credit card bills.
The lenders offering this financial assistance provide the borrower aid in the range of 80 - 1500, for a short period of 1- 30 days. This money has to be repaid as soon as the next payday of the borrower. Due to the short term nature of this service, the rate of interest charged is slightly higher. This is because the lender is at a greater risk than the borrower since if the borrower fails to repay the amount the lender has no way to recover this amount. If the repayment period is prolonged, an additional fee is charged.
payday advance service can be availed for by any individual who is permanent citizen of the UK. The applicant must be employed with a stable job. The employer must have a good reputation in the market. The borrower must have a regular income above 1000.
The lenders do not require any sort of documentation for this service. The lender does not even take in to account financial status of the applicant. This enables people with a poor credit record to approach the lenders for financial aid. The borrower must also have a working bank account, because when the lender approves the application, the money is transferred directly to the borrowers account.
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