subject: Loan Until Payday [print this page] Many of us have been in a situation where we have spent all our wages and something crops up like your car breaks down, but what do you do? How can you get your hands on some money?
A loan until pay day or a cash advance loan is a kind of loan that is meant to cater to your short term needs. It is really not meant as a long term fix to your cash problems. Among the reasons as to why this loan may be the best option is that it has easy to meet requirements. These requirements are that you have to be of age. That is you have to be above eighteen years of age. You should be a resident of the U.K. holding a valid ID. You are also required to have a paying job. Finally you need to hold a valid U.K. bank account.
The application process also takes a short time. If you get to apply for this online it may take you about ten minutes to apply for the loan. If you are applying for the loan at an in-store you have fewer forms to fill and you may leave with the cash in your hands in some stores. This is if you visit them having all the necessary documentation at hand. When applying online you may have your loan approved in less than thirty minutes with some providers. After which the money is directly deposited to your account within ten minutes.
The only check that providers may need is for you to show an ability to repay the loan on your next pay day. This can be done by providing one month's bank statement. Other providers ask for a post dated check. This varies from one provider to another.
If you get approved for this loan you may get to pay anywhere between fifteen to thirty pounds for every one hundred pounds borrowed. The loan varies in amount from about one hundred pounds to about one thousand five hundred pounds. The loan amount you receive will depend on how much you earn and your ability to pay previous loans if you are not new to the provider.
by: kevin
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