Same Day Loans UK

June 7, 2012
The small day loans are the types of loans which are borrowed by the employees for their needs when their pay check hasn’t arrived yet. It is not a much popular type of loan but in most of the states in UK, people are getting this. The lending institutions and the agencies are offering the same day loans on easy terms for the needy employees. As the people working on salaries have limited equity, they need same day loans to fulfill their needs if their money ends before their next salary arrives. The Consumer Federation of UK has approved same day loans under the law and now people can get them legally. According to a recent survey in UK, it was found that these same day loans vary from 200 £ to 2500 £. And the average rate of interest is 25£ per 1000 £ borrowed.

The history of same day loans is not much older. In 1996, the UK government passed a law in which there were some policies for the employees who need cash or credit in case of need. This idea became popular among masses in some years. As in many states, the laws were different, the people used to get same day loans illegally so for benefits of the companies and the people, these loans were legalized.

According to researches and statistics, the same day loans are having more risk and more bankrupt cases are seen in people who take same day loans. The people who don’t pay back the loan are worthless because they had no equity or asset in their name. So this disadvantage is for the companies who issue same day loans to the employee.

Mostly the same day loans are given for 300 £ to 2500. And they are paid back in full amount. There are no installments per month. The interest rate depends upon the lender and the amount of loan granted.


Personal Loans

June 7, 2012
Personal loans are taken by the people for any type of purpose. It can be a personal loan for buying a car or home, for buying electrical appliances, to pay off another debt, for expenses or any reason that is related to the borrower personally. This loan is taken in cash mostly because the amounts don’t exceed higher limits and customer has to use the money for his/her personal needs. The personal loans are not secured by any type of assets mostly. There are basically two types of personal...
Continue reading...

How to Get a Personal Loan

June 7, 2012
There are many ways to get a personal loan from a bank. You can try some of the following methods to get a loan. Assess your current monetary situation by making a list of all your salary, investments, assets, expenses, liabilities, debts or other loans taken. Then ask your employer for a confirmation letter about your income monthly and your job security. Then back it up with pay stubs or invoice statements.

Keep in mind that you can back it up this confirmation letter with invoices only when...
Continue reading...

Short Term Loans UK

June 7, 2012
Short term loans are an efficient loan option which has become a welcome solution for people who are faced with an urgent financial situation. By making funding immediately available to you short term loans work as the best option when you are out of cash and need to resolve a monetary situation of pressing nature.

Very Short Term Loans

Short term loans are basically applicable for small sums of money which are given to you upon your request for a period of a few weeks to a maximum of one year....
Continue reading...

Quick Loans UK

June 7, 2012
Thanks to the global reach of the internet, availing quick loans has become extremely easy and convenient for people who are in need of fast cash. Well, are you still wondering for what quick loans actually mean? Quick loans are basically loans which have been tailored to suit those people who are stuck in financial emergencies and are in immediate need of money.

Quick loans therefore have a very simple application process which can be done online and a very high approval rate which allows you...
Continue reading...

About Me

Hello My name is Micheal and I work as a freelance financial consultant, working for charities and and private clients.


Blog Archive

This free website was made using Yola.

No HTML skills required. Build your website in minutes.

Go to and sign up today!

Make a free website with Yola