subject: Fax Free Payday Loans - A Fully Online Solution For Your Money Needs [print this page] Will you make it to month-end with your current finances or is payday too far away? Or have you had to see to an emergency payment such as dental care or a hot water boiler that is broken and needs repairing? If you find yourself in this situation or a similar situation do not fret, many are in the same boat as you and much needed money is only a click away with online fax-free payday loans.
Thing is, can you get one and if you can how do you go about applying for one? Well you apply for one online and the criteria you need to meet to qualify for a fast loan are highlighted below and even more information can be obtained from the site detailed in the link at the bottom of this article.
You will see that these loans, unlike any other, are very simple to apply for. Plus payment of the money borrowed into your account happens very quickly as well once the loan is approved. With this type of loan compared to the conventional ones that your bank would offer, you do not need to send any kind of documentation to the lender to provide proof that you are a sensible borrower.
When it comes to this type of loan you will need to be able to meet certain requirements, such as being over 18 years of age, in full time employment and have been for some time (at least more than three months). Also the lender will need to know that you have been holder of a current account for more than six months.
They are refered to as pay day loans but what you are really getting is a pay advance today which has to be repaid when you receive your next pay cheque. This means the loan duration is alot smaller, at 30 days or less, compared with other loans which can last up to 10 years. It also means that you have to make sure you can repay it on your next pay day to avoid further interest charges and this can be done very simply by adding up all what you spend in a month and comparing it to your income.
Please inform yourself of the terms and conditions that come with the loan. In the first instance a loan may appear to be a good deal because the interest charge is low, but you must calculate the overall cost of the loan when comparing them. Beware of same day funding costs as these can make a pay advance very expensive.
To finish up then, to qualify for an advance on your next pay cheque with one of the UK lenders you need to have UK residency and a UK current account where your wages are paid in to. This account should also have a debit card linked to it. You must also receive regular pay and be 18 years old or more.
There are many fax free payday loan lenders in the UK and they actually all have slightly different criteria that you need to meet to qualify for a loan. So how do you decide which one to choose? Well use a quality comparison site to help you, such as the one listed below.
by: Brian B Smith
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