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Payday loans have become the growth industry in the UK over the last three or four years, with more and more people taking them up each and every month. The reason for them becoming so popular is mainly because they are convenient.
ontario,
london,
United Kingdom
(prbd.net)
22/07/2011
Payday loans have become the growth industry in the UK over the last three or four years, with more and more people taking them up each and every month. The reason for them becoming so popular is mainly because they are convenient. They are convenient because they can be arranged with very little fuss, and can be paid out very quickly (the same day you apply in most cases). Which makes them an ideal choice if you get a catastrophe to deal with in the middle of the month, such as you car or central heating boiler packing in.
Payday loans are available from a great many lenders and the amounts that they offer and the rates that they charge also differ considerably. In general you can lend any amount between £75 and £1,500 with a charge of between £25 and £40 per £100 borrowed. Some lenders these days do carry out a soft credit search but bad credit will not necessarily prevent you from taking one out.
To apply for a payday loan you have a number of options, no doubt the easiest way is to enter "payday Loans" into your favourite search engine and you will be presented with any number of options. Applying online has been made very easy with a short application form and an instant decision from the lender. Most lenders also have the ability to digitally sign the documents from your computer, which means that you could get the money paid into your bank within minutes of applying for your loan.
You can also apply for a payday loan over the telephone; there are quite a few payday lenders listed in the phone book. However this will possibly delay the payout,as the lender will need signed documents before they will pay you your money.