Everybody knows what it's like to slip up every now and then, but what if you don't have the luxury of a credit card or family and friends? For those with a less than stellar credit rating or previous defaults payday loans can be a godsend.
These small convenient loans are applied for from the comfort of your home or desk, meaning no long queues and no waiting around to be seen. Customers simply log on, decide on the loan amount that they require and the repayment date, then are free to sit back while the loan is deposited straight to their bank account. Normally within the hour and on the same day.
The idea of taking out a loan is scary to most, due to the long repayment plan and recurring interest. This commitment that you will be tied to, repaying the cost every week over the course of months, is not how payday loans work. These are short term loans repayable in one simple instalment on your next payday or within 30 days. Which one is up to you!