Friday, 16 November 2007

Short-term loans

Pay day loans provide No Fax Payday Loans for short-term emergency borrowing ie. just until your paycheck comes in. No fax, no written application.

Please note that this speedy type of borrowing is not the sort of borrowing you should habitually use, but a very quick convenient way to get money quickly. The borrowing rates (if you were to compare them with typical APR) are very high, but that's the price you pay for the convenience of having a loan of between $100 to $1500 approved almost immediately.
You can phone them or apply for a loan online, and each loan rate is negotiated on a case by case basis from a range of lenders, funds are generally available by he next working day.

I really want to stress that this type of borrowing should only be used in an emergency when you need funds approved immediately, and it is gratifying to see that the service will only offer loans to those who are in steady employment.

If you are considering taking out a loan, then you should test the market to find the best deal, if your in a tight spot on a one-off basis, a loan from Payday loans would help in the short-term. My advice would be to pay high interest borrowing off as an absolute priority.

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