Many people today face a large variety of financial difficulties. From unexpected medical bills to the breaking down of your car, such problems need to be tackled quickly for you to be able to carry on with your life. But what about those instances when you simply cannot make ends meet and are not able to find the extra money? Banks will not give you a loan as your credit is less than favourable and you are somewhat ashamed to ask your family or friends for the extra money you need.
There is a solution to your financial difficulties and it comes in the form of payday loans. With the new regulations in place, you can get the money you need and still fell secure you will not have to pay back a fortune. Of course, most direct lenders require a proof of revenue, usually in the form of a bank statement, so they can be sure you are able to pay them back. However, there are special brokers on the market, such as Loan 2 Payday, that offer a higher rate of acceptance than most.
How does it work?
First thing is first, companies like Loan 2 Payday are honest, follow the regulations and have a good reputation, so there is no need to worry. They act like brokers and have a wide variety of great lenders listed, so they can guide you towards the perfect one no matter your particular situation.
The entire application processes to take place on-line and it doesn’t require a file full of documents, which makes it easier for most people. There is no credit check, so even if yours is not that great, you will be granted a loan, usually any sum of £100 to £5,000, depending on the lender.
Because such brokers provide secure loans, you do have to meet certain criteria:
- Be over 18 years old
- Have a steady job and a monthly income
- Have a bank account at any financial institution
Processing time and hidden fees
As you are probably facing some sort of unexpected financial problem and are in quick need of money, there is no need to worry. After you fill out the on-line application, the processing period is quite fast, allowing you to solve your issues in time. The broker works with different loan companies and they will be able to find one that perfectly suits your need.
It is important that you do look for a good broker, such as Loan 2 Payday, that has no hidden fees and does not charge anything for the on-line application. Informing yourself at first will help you avoid all hassle and stress that usually came with any surprise fees thrown in at the end of the loan period.
If you decided that a payday loan is the best option for you, that’s great. However, even if the entire process is milder than that of a bank, never borrow more than what you actually need at a specific time. Remember that, new regulations aside, you are still going to have to pay the borrowed sum back.