subject: Steps you can take to get your payday loan the same day [print this page] Payday advance loans can be used for nearly any purpose from taking out the long-awaited break abroad to paying for that essential car repair. Payday Advance loans are basically an advance on the wages you expect to receive on your next payday a customer will take out a payday loan up to a value of 1,500 (in the UK) and then set a repayment date for when the loan will be repair in full back to the lender. The repayment date is usually the next payday of the borrower). Different payday lenders charge different rates depending on whether or not the customer chooses a same day transfer loan the rate of transfer can sometimes be as high as 20%.
The majority of lenders offer a same day transfer however the whether or not the lender actually has the facilities to make this happen is another matter. A great deal also depends on whether the customer has an account with a bank that allows same day transfers some banks in the UK still cannot facilitate a same day cash transfer and as such any money spent on a same day transfer will be wasted on the part of the customer. However, while some smaller banks still cannot process same day cash transfers, the majority of larger banks now have the facilities to make this a possibility for their customers.
Again, while the majority of lenders promise same day transfer of cash, actually achieving this aim can be somewhat difficult and there are a few factors that may stand in the way. The first of these factors is the lender themselves, some lenders take a lot longer than other lenders to process basic payday loan applications, this can needlessly delay and application and delay the transfer of payment. This is usually a matter of staff resources, or the lack thereof.
Another thing that can get in the way is the time of day at which the application is made, some lenders will not offer same day transfers for applications made after a certain time threshold. The final thing that may get in the way is whether or not the company requires the customer to send or fax document again, this can needlessly delay how long it takes for the customer to receive his or her cash. Always check the terms and condition on this matter.
Steps you can take to get your payday loan the same day
By: rantgatorant
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