subject: Short Term Payday Loans: A Short Term Help [print this page] If someone wants loans before the payday for short term needs then short term payday loans is the best option. These mortgages are for the short term needs which come suddenly and make the monthly budget unbalanced.
Borrower can take the mortgage in an easy manner and one can availed the finance fir two to four weeks. The amount that the borrower can get with these loans ranges from 100 and 1500 with easy repayment term of so that it can easily be repaid by the borrower. Short term payday loans can be availed easily through online method. It is fast and convenient way to get the mortgage n time without any hassles. Before taking the mortgages one has to fulfill some of the pre requisites:
Applicant must attain the age of 18 years or above;
Applicant must be a citizen of UK;
Applicant must have a valid bank account in UK bank;
Applicant is doing a regular job with a sound source of income.
A bad credit person who is suffering from the bad credit history is also eligible for short term payday loans. Some of the bad credit history records are arrears, defaults, bankruptcy, late payments, missed payments; CCJs, IVA, etc. but all are acceptable by the lenders. These bad credit records are not the big hurdles in the path of the borrowers and lenders as well. There are some of the best features of these mortgages:
The repayment terms and installments are flexible and easy;
Cash can be availed easily by filing up the online application form;
The amount can easily be availed by online process;
Approval can be get within 24 hours of application;
Credit check and collateral is not required by the lenders.
These are some of the features by which application becomes easy and here the rate of interest is slightly high as these are short term unsecured loans. These are cash in advance so borrower has to repay the amount till next payday and on time otherwise has to pay the late fine.
by: Fiona Parker
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