What is a Payday Advance?

Many people have financial crisis happen to them when they least expect them. When this happens, and a person doesn't have anywhere else to turn, they resort to getting a payday advance, also known as a payday loan, short term loan or personal loan. They help the person to make ends meet until they receive their next pay cheque. After this, they often repay their loan, either all in one sum or in instalments.

student loan

Payday loan is a lending method where a person can borrow a small amount of money for a small amount of time at a high interest. Payday loans also called cash advances. It is a short term debt that usually takes less than a month to settle and the process of lending is usually fast compared to banks.

Lenders do not require any background check or collateral, or any information regarding the capability of the borrower to pay back the money owed; at the minimum, it is only required that the borrower have a bank account or at least a proof of income.

The process is in contrast to the one employed by banks, where borrowers need to supply collateral, proof of ability to pay debt or a good credit rating. The ease of a payday loan from Payday Loans Now makes it attractive for desperate people with bad credit rating or for those who have their bank loan application rejected. They are also used by people who are refused by banks to obtain a credit card.

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Payday Loans
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Nursing students find it difficult to make it sometimes. According to an article in the Mirror, trainee nurses have needed to rely on payday loans to make ends meet.

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Bad Credit OK
Bad credit won't prevent a loan.

Many people have had bad credit at some point in their lives. What is important to those who provide payday loans is your employment status, not only credit history.

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If you are looking for a payday loan, please submit your application by clicking the "apply" button above. The process only takes a few minutes and is completely free.

77 Fordham Rd
Ph: 078-7405-2518
Contact: joanne@studentcashloan.org.uk