Genesandlife.org.uk for Loan Information.
Welcome to genesandlife, the place for excellent loan information. It is hard nowadays to find a place for borrowing, and harder still to find a lender who will take us on. That is why it is a good idea to take your time on the search for a good loan. You may find that where one lender has some areas which appeal, another may offer a better APR rate. We have focused on four loan providers who each offer a different service.
Payday Loans – What are they?
Payday loans are designed for those who have a poor credit history, CCJs, or even no credit history. If you are new in a country, or a recently graduated student, it can be hard to be accepted on a loan through no fault of your own. A Payday Loan can be a lifesaver when you really need to get your hands on some extra cash. This might be for bill which urgently needs paying, or even a holiday. The idea is that you pay back the loan by next pay day – usually within two weeks to a month. What is key to this kind of loan is that you are prepared for the repayment, as the APR rate is usually pretty high. That means you could end up paying back much more than you’d like. If you are unable to pay back, you could end up with a worse credit rating than you began with!
Payday Express – Small but Fast
Payday Express is a UK company who can offer a small but fast payday loan, of between £80 to £800. The application takes place online and the borrower will get a decision in minutes. Being accepted isn’t hard – all you need is to be in employment and have a debit card for the bank account your wages are paid into. As with most payday loan lenders, Payday Express will consider you even if you do have a bad credit history. Once accepted, you can receive funds on the same day!
Purple Payday Loans
Purple Payday offers up to £750 and cash into your account the same day as application. The entire application takes place online and is designed to be easy and hassle-free for quick access to cash. The loan period is less than 31 days, so it is wise to keep this in mind when applying. With Purple Payday, you will need a bank account to receive your money but you are not required to have a debit card. While Purple Payday offers a discreet service with no credit checks, they do require that you are earning at least £750 a month which is higher than many other payday loan lenders. The total repayable amount with Purple Payday is 125% so make sure you can afford this loan.
Provident Personal Credit
Provident Personal Credit offer speedy cash loans as part of their loan product range. Once ordered, the cash can be delivered to your home within days. Provident Personal Credit say there are no hidden charges involved. The cash loans offered are from £50 to £500 and repayments are fixed and affordable. The way in which repayments are taken is via an agent who calls at your home for collection. This means you have a face with which you are in contact, and should any problems arise these can be discussed in person. Make sure you check the APR rate as it may be high – meaning you will end up repaying up to twice as much as you borrowed in the first place.