www.minutemoney16.co.uk

www.minutemoney16.co.uk

In need of cash but don't have a checking account? You are not alone. These days, more and more people are being rejected for a new account - and the rejection is not for the reasons you might think (see below).

The taking out of short term loans is on the rise due to many people finding themselves in a cash pinch. The economy, personal misfortune, or just bad planning are all possible reasons why you may be running short on cash.

Here are 5 things you should know if you are interested in short terms loans without a bank account:

1. The vast majority of short term lenders require that you have a bank account:

Most short-term lenders require that you have a bank account. There are three main reasons for this:

a. usually, the lender will want you to write a post-dated check to them so that you can pay them back on your next pay day. And, a check requires a bank account!

b. having a checking account is a symbol your being a responsible person who can pay back the loan

c. possessing a checking account also allows the bank to establish your identity, which builds trust

2. Some lenders do not require an account:

There are some lenders who do not require that you have an account. However, these lenders will usually want you to put up some type of collateral in order to potentially cover any risk that your loan represents. And, that is not always easy to come up with.

www.MoneyToday5.co.uk

www.MoneyToday5.co.uk

If you put 'payday loans' into Google, as well as getting lenders you will see news articles and maybe even a blog or website entry that is heavily critical of these types of loans. But if you also look at the websites of many of the payday loan providers themselves then you will see that most of them have statements on how they will act responsibly when considering applications.

A lot of criticism that is levelled at payday loans relates to the very high APR that legally has to be displayed. Some of these APR figures look truly frightening; over 2000% is not uncommon. But the problem with these numbers is that they completely fail to give a true picture of what you would actually pay for borrowing money this way.

Compare a typical £500 pay day loan with the same amount borrowed with a personal unsecured loan. Typical unsecured loan APR rates look much lower than the pay day loan rate, but when you consider that the pay day loan will cost around £125 to borrow - making a total of £625 to be repaid - and the personal loan over a minimum six month term would cost a total of £721* then the comparison doesn't start to look so bad.

Using a credit card to buy something for £500 is obviously going to work out cheaper so long as you can pay it off fairly quickly, but if you need cash in your bank account then the fees associated with using these can work out to be fairly expensive. The great thing about payday loans is that they can help to instill discipline in your finances. Research has shown that most people do not tend to pay off their credit cards bills in full every month even if it is a manageable amount. Debts like these can easily mount up, eventually becoming absorbed into a debt consolidation loan. The effect is that this debt never actually goes away it simply gets moved from one place to another within a person's personal finances.

Because a payday loan is required to be repaid in full on the required date this means that a customer is not getting themselves into further difficulties. The debt is paid off, not mounting up the interest somewhere.

www.Cash-Reserveuk.com

www.Cash-Reserveuk.com

Payday loan debt consolidation is an efficient process to help you repay your high interest loans with great ease. Sometimes, short term loans become unavoidable and you need them to manage your urgent financial requirements. There is no harm in taking these loans, but the situation deteriorates when multiple loans are obtained. Any inability in paying off such debts may put you under tremendous financial burden. Any default in making payments on due date may lead to excessive debts. It is because interests and other charges keep on accumulating in case of untimely payments. Lenders ask you to repay debt on your next payday. However, there is no penalty as such in the event of nonpayment. The only worry is accumulating interest rates and administrative charges that are normally very high.

Consolidating Payday Loans

Consolidating debts remains the only feasible option under conditions of mounting debts. Normally, a lender allows a maximum of two extensions of 30 days each if payments are not on due date. However, there are times when you as a borrower are not able to repay your debts within those two extensions. In this scenario even a small amount becomes bigger because interests and other charges keep on accumulating. The situation becomes unbearable especially if you are a middle class person. Most lenders under such circumstances assign the task of recovering money to a collection agency. Subsequently, the agency people make frequent phone calls and harass the borrower. In order to avoid such an embarrassing situation, taking help from a debt consolidation company remains the best available alternative.

Know the Consolidation Procedure

As mentioned above under conditions of acute debt, consulting an expert company is always advisable. The company consolidates as well as manages your finances efficiently. It negotiates with your creditors on your behalf and carries out settlement. It offers a feasible repayment plan and combines all your multiple loans into single one. Now, you have to make only one lower monthly payment to your company. Most of these companies offer low interest rates making the entire process quite easy. The best part is in this kind of a system you do not have to deal directly with your creditors or collection agency. As a result, there is no inconvenience or harassment.

Things to Do

Even though payday loan debt consolidation is the best solution to all exigent economic troubles, every effort must be made to avoid a situation of acute debts. If you sincerely repay all your debts on time there will never be a situation of debt trap. Make sure all your payments are on time. Never obtain unnecessary finances or more than required. Try to maintain a decent life style without too much focus on luxury. Consolidating debts is an effective solution but it must be used only as the last resort. First, make a sincere effort to avoid any grave economic situation. However, always remain prepared for the worst unexpected circumstances.

www.NowLoansharpish.co.uk

www.NowLoansharpish.co.uk

No faxing cheap payday loan offers an easy as well as efficient solution to meet your urgent fund requirements. It is a tension free means to obtain quick cash without heavy documentation. As the name suggests, this type of a loan does not require any documents to be faxed to the lending company. Only some basic information is required to process your loan request and no heavy paperwork is needed. If you are someone, who needs an immediate financial relief, this may just be the right choice. You can use this financing option for various urgent short term needs including sudden medical expenditure, home renovation, educational fees and other such unexpected expenses.

Some Requirements

As mentioned above, a no faxing cheap payday loan does not involve any highly complicated procedure. In fact, it is easy and fast because it requires a minimum of paperwork. In order to apply for such loans, you should be a U.S citizen with at least 18 years of age. The lending company also looks for job security of the borrower. As a borrower, your monthly income should be 1000$ per month or more. In addition, the lender asks for personal details and a valid bank account. However, no guarantee or collateral is required. The company does not check your credit history either. So, you can get a loan despite having poor credit ratings. Above all, a cheap payday loan does not require borrowers to fax any document to their lenders. So, borrowers can get funds without faxing any papers. The entire system works smoothly without any fuss.

What Can You Get?

This kind of an instant financial relief is for short term requirements. Therefore, only small amounts ranging from 200$ to 500$ can be obtained for sudden and unexpected needs. These amounts are offered for shorter periods and the borrower has to pay them back on his next payday. For ensuring smooth repayment, your lender collects a post dated check covering entire loaned amount with interest and other charges. However, the company returns the check in case you make the payment in cash on your payday.

Advantages Associated with the System

As mentioned above, the system is effective and runs hassle free. As a result, a cheap loan till payday offers a host of benefits to borrowers. First, the transaction can take place online, though offline options are also available. An offline transaction is always advisable, since it is quick and easily accessible. Just fill in an online application with your essential details and your request will be processed instantly. Second, the amount is credited to your bank account electronically within two business days. Nevertheless, there are some companies claiming to credit money within thirty minutes. Exercise caution while dealing with such companies as most of them may have false claims. Third, lending companies provide credit without cross checking credit history of borrowers. Fourth, no bank or third party guarantee is required and money is lent without any collateral.

www.Txt4LondonUK.com

www.Txt4LondonUK.com

Facing financial struggles can be frustrating and difficult. Many people go into debt all the time because things happen in our lives that our outside of our control.

When things arise and we do not know where to turn we sometimes stop paying things off. This is the worst thing we can do because that only accrues interest and makes everything more costly.

It is important to learn there are solutions we can turn to in situations like this and these solutions each have a different effect. We may try really hard to save our money but sometimes things happen that our outside our control.

When a rent payment is coming up you generally try to have enough money in the bank to pay it. This can be difficult though when other things arise that same week like if your car breaks down.

You have only enough to pay off the rent but you have to fix your car in order to get to work. You consider just not paying your rent on time.

If you could wait another week then you would get your next paycheck and easily pay off your rent. The problem with doing this is landlords charge a late fee on late rent.

This is usually a percentage of your rent which translates to a substantial amount. Because you do not want to pay this fee you look to other solutions.

Another thing you can choose to do is write out checks for both bills even though you know you do not have enough money in your account to cover the costs. In doing this you hope they will be late in taking the checks to the bank.