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Weekend Payday Loans Provide Cash For Urgent Needs

by Jim ONeil on April 26, 2011

in Personal Finance News

Individuals who find themselves in urgent need of cash can take out no paperwork weekend payday loans. These eliminate the need to worry about how to pay unforeseen expenditures or bills when short on cash. The unique feature of this type of funding is that it can only be applied for during the weekend.

No credit check loans like these are perfect for individuals who have a poor credit score. Applicants are not immediately disqualified if they do not own a home or are tenants. Since this financing is unsecured, no collateral is required to receive between £100 and £1,500.

The cash is provided to the borrower the day the application is approved and the loan must be repaid in 14 to 31 days, using the salary, if desired.

Loans APR are high for this funding because it is intended as short-term financing. Borrowers should compare lenders before applying for this type of loan. Conditions of payday loans include the stipulation that the borrower be a UK citizen 18 years or older.

A permanent job and minimum salary of £1,000 are also required. All borrowers need a checking account so the money lent can be directly deposited.

People can apply for this weekend financing online by providing only a few personal details. Lenders review the application quickly and issue a fast approval decision. In some cases, the money comes in

handy to consolidate high-interest debt, while other people use it to cover their expenses until the next salary check.

We cannot always anticipate our expenses and a loan like this helps when unexpected costs creep into our lives. If we pay the loan off quickly, we will not incur a huge amount of interest. This is the type of financing we hope we will never need.

At the same time, we are thankful that it exists just in case we do need it.

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I would say only a very small portion of student loan borrowers default on loans, otherwise the programs would not be available. I would argue that the tuition costs, set by the school are ridiculous, causing more money to be borrowed and more origination fees paid. Especially when today's bachelor's degree is like a high school diploma was 20 years ago. It is scary that a college graduate has so much debt, in many cases $45k+, before they get their first job.


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