Tuesday, 25 March 2008

PayDay loans

I have been fighting my own battle against the credit bubble for a little while now, first of all by cutting out all extraneous spending that was not essential, and then by trying to raise a little income from the internet. Alongside these tactics, it is vital to find a way to reduce the cost of credit card debts and missing a payment through having a pay-check come in late will cost you dear…

If you have a cash-flow problem, one way to make sure you can pay on the due date is to get a short-term loan from payday loans.

The advantages of this system is the speed of response: if you fill in the on-line application, you can find out almost immediately if you have been approved (within a minute), you then enter your bank details and the funds will be transferred on the same day in many cases. You can borrow from £80 to £750 depending on your circumstances, the interest rates are fairly high, but clearly indicated and simple to understand (still not as expensive as missing a payment on your credit card or going overdrawn)

Please note that this is not a recommended tactic for reducing debt per se, but a way to avoid paying more for your credit than is necessary. I have always maintained that the quickest way to make money is to save money….


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