When the family car suddenly gives up the ghost or a a major household appliance goes on the blink but your next pay cheque is weeks away, industry experts say you may want to consider turning to a provider of no credit check short term loans to help you through the emergency.
The best laid plans of mice and men oft go awry, as the poet said, and it’s only a matter of time before you end up between a rock and a hard place. When a financial emergency rears its ugly head and you find yourself wishing that you weren’t weeks away from your next payday, you should consider turning to a lender that can provide you with instant cash loans to get you back on track.
Payday loans are designed to be repaid in as little as a few days to as long as a few weeks, and are ideal for situations where you’re caught out by a sudden expenditure that you couldn’t possibly have prepared for. For a small fee – usually around £10-£25 per £100 borrowed, depending on the lender – you can get as much or as little as you need to get you through to your next pay cheque.
Taking out such a loan can actually be less expensive than availing yourself of other options, such as an unauthorised overdraft on your current account. Many banking providers charge their customers punitive fees for going into the red, and the cost of repaying these charges and fees can lead to serious debt problems in the future.
Payday loans are also much easier to take out than loans from traditional lenders. This is because the lion’s share of payday lenders do not require customers to submit to a credit check; as long as you have a bank account and a steady job, you’ll be approved for your loan, and repayment is a snap, as lenders can debit your account directly on the date that your loan comes due.