Things you should have to hand before you apply for a payday loan, getting the best deal on a cash advance is priority.
1. Always shop around and find the lowest APR possible, Apr can vary with some companies charging 2000% and others !00% APR. This can mean a big difference when paying the loan back and the amount that has to be repaid.
2. Having the option to defer the payment until your next payday is also a good idea, just in case you cannot afford to make the payment. This will stop any nasty late fees that can be a quarter of your loan.
3. Option to settle the loan early when you have the money, some payday loan website will give you the option to settle the debt when you have the money. This way you can cut off most of the APR and pay back less for the money you have borrowed.
4. No credit check payday loans are a good idea if you have either low credit rating or no history of credit. Most payday loan companies will just use your credit card or your debit card to confirm you are eligible and can confirm your identity by borrowing a small amount £$1 and then instantly returning it to your bank account.
5. No faxing payday loans promise not to ask for paper work IE birth certificate, passport, driving licence and so on. When a company offers fax less payday loans or no credit check payday loans they will have a higher APR fixed to that specific type of loan so avoiding these will help in reducing your total payment at the end of the month.
6. Always read the small print before signing a loan agreement and check it is in English, no hidden fees, correct APR, early settlement and the option to defer the loan if needed.
7. Brokers are websites that promise to find you a payday loan, they charge a fee and should be avoided at all costs. Brokers are just websites that point you in a payday loans direction and charge you for the privilege. Find a payday loan website your self and cut out the middle website and don’t use brokers because they can cost up to £$50 extra. Brokers only have a few bad payday loan companies they refer you to just as long as they get there money.
If you follow these simple steps then getting a good cash advance is much easier and affordable in the long run. If you have any questions then contact us and we will be happy to help.
