• 10Mar

    Pay Day Loans to Pet Rescue as Vet’s Bills Double

    Payday Loan Guides No Comments

    Payday loans could provide cash strapped pet owner’s with an invaluable lifeline as it is revealed that vet’s bills have doubled in just three years.

    Saga Pet Insurance has identified average vet bills in the UK among the over 50s have increased by 11% since 2008. This is more than double the annual rate of inflation, which has only increased by 5% over the same period. Even more staggering is annual vet fees have increased by 53% since 2007 (from £391) and 101% since 2006 (from £298).

    The findings on the increased cost of vet’s bills comes after it was revealed by Sainsbury’s Finance that 56 per cent of vets claim that they have had to put down cats and dogs because their owners could not afford the cost of treating their conditions at some point over the last five years. Read More: Vet’s Bills Increase

    Payday Loans for Over 50s in Work

    The UK’s over 50s are avid animal lovers with one in five (21%) owning a cat or a dog. However, if you live in the North West and your pet is poorly, you’re more likely to suffer the steepest vet bills in the UK. The average annual bill in this region is £646; 53% more than Northern Ireland and the Channel Islands, the cheapest regions at £421.

    For those having trouble paying for vet’s bills if they do not have insurance a one-off hassle free cash loan such as a payday loan could be the answer.

    Pay day loans are unsecured short term loans designed to be paid back as quickly as possible. You do not need to fax anything to apply and you can usually get the money paid direct into your bank account within 24 hours. To qualify for a payday loan you must be over 18 and in employment, earning more than £750 each month.

    Tags: , , , , ,

  • 09Mar

    Join the Pay Day Loans Facebook Group for your Chance to Win £50

    Payday Loan Guides No Comments

    Leading pay day loans broker paydaybank.co.uk is offering everyone that joins their Facebook fan page the chance to be £50 richer each month as it launches a new cash-back prize draw offer to all members.

    Each month Paydaybank.co.uk will pick at random one lucky Facebook fan member to receive a cash prize of £50. All you have to do to win is join the fan page on Facebook at: Payday Bank on Facebook

    As well as offering information on payday loans, the fan page also includes plenty of tips and advice on debt management and other money saving tips, helping you make the most of your pay packet. They also hold regular fun interactive discussions and opportunities to post your funny photos and interact with other fan page members.

    Tags: , ,

  • 09Mar

    Payday Loans for Car Repairs After Bad Weather

    Payday Loan Guides No Comments

    Payday loans are a potential life-saver for those in need of a one-off cash loan to pay for car repairs after this winter’s bad weather.

    January’s bad weather has already hit those struggling to pay bills hard in the form of increased heating bills and burst water pipes but new figures released today by AA Insurance has shown that the bad weather has also had an effect on our cars, too.

    The figures show that over the last three years, the number of claims for pothole damage has soared by over 600 per cent.

    “Nationally, the damage to cars caused by potholes in February alone cost insurers around £2.85m – the equivalent of about 1,900 claims,” said Simon Douglas, director of AA Insurance.

    “But that’s just the tip of the iceberg, because it takes serious damage to make it worth insurance claim. Garages and tyre centres are dealing with countless thousands of punctured tyres, damaged tracking or broken springs which don’t justify making a claim.”

    Increased Cost of Cars – Getting a Payday Loan

    North Yorkshire county council has been forced to introduce a ‘pothole tax’, the equivalent of a weekly 8p increase in Council Tax to fund their repair programme which local people will find hard to swallow, especially those already struggling to make ends meet, pensioners and families who do not drive.

    If you have a problem with your car caused by the bad weather and it is too small to claim on your insurance, or are not covered by your insurance policy, it can be an inconvenient expense raising the money to pay for your car repairs. Instead of using your credit card – which is now more expensive to use than at any time in the last 12 years – or going into your overdraft and generating countless penalty charges, a quick, hassle free payday loan could be the answer.

    Tags: , , ,

  • 08Mar

    Credit Card Interest Rates Condemned

    Payday Loan Guides 1 Comment

    Credit card interest rates have been condemned by a leading price comparison website, which is urging the government to act in order to help those struggling to pay bills.

    Commenting on the recent statement from the Government on the threat of the country’s rising credit card debt, Peter Gerrard, finance expert at Moneyextra.com, believes that it is typical of the Government to attempt to divert blame over very high credit debt figures away from the Bank of England.

    “Instead of condemning consumers to a fate of debt doom, they need encourage banks to listen to the tax payer, their major stakeholder in many cases, and lower their interest rates, he said.

    Credit Card Debt and Government Action

    If the banks continue to keep credit card rates as these exceptionally high rates, there is no way consumers have a chance of paying off their debit. Credit card lending remains at a 12 year high in terms of the amount of interest borrowers have to pay back. Read More: Credit Card Interest at 12 Year High.

    If you are struggling to pay bills or are in need of an emergency cash loan to pay for an unexpected expense, then other forms of lending could be more affordable and more convenient compared to other forms of credit.

    An investigation carried out by the Daily Mail in February revealed that the cost of an unauthorised overdraft with the leading banks worked out to be more expensive than taking out a payday loan.

    Pay day loans are quick easy cash unsecured loans designed to be paid back quickly. You do not need to fax anything to apply and you can usually get the money paid direct into your bank account within 24 hours.

    Tags: , , ,

  • 05Mar

    Cash Till Pay Day News: Interest Rates Held

    Payday Loan Guides No Comments

    The Bank of England yesterday maintained bank interest rates for March at 0.5%.

    While the decision to hold interest rates was widely expected to be kept at this level, in particularly in light of the forthcoming budget and General Election, many analysts believe that the future will put a considerable strain on British household income.

    Ben Thompson, Director, Mortgages at Legal & General believes that political forces will significantly influence the overall economic picture this year, explaining that tax hikes were ‘inevitable’ to tackle the gargantuan Government debt.

    “This will hit the pockets of British families, tempering their spending,” he said.

    Cash Strain for Families in Need of Money

    The coming months are likely to put an increasing strain on pay packets, with more and more Brits looking to access cash till pay day to be for additional bills, overdraft charges or emergency items such as household maintenance or vet’s bills.

    Pay day loans are quick easy cash loans that could meet your financial needs. You do not need to fax anything to apply and you can usually get the money paid direct into your bank account within 24 hours.

    Tags: , , ,

  • 04Mar

    Pay Day Loan Lenders to Benefit 24 Million

    Payday Loan Guides No Comments

    New research published this week has revealed that as many as 24 million people in the UK run the risk of financial meltdown. We review your options if you need money today.

    The Protection Oversight research undertaken on behalf of Friends Provident by 72 Point revealed that nearly half (24 million) of people in the UK have no insurance in place to cover loss of income through illness or death of a breadwinner.

    Alarmingly, a third of people think they could live on less than 35% of their take home pay if they were unable to work through illness or injury. Based on an average weekly income of £489, that means they would have a maximum income of £171 per week, a massive £300 less than the current average weekly household expenditure of £471, and not enough to survive on especially if there is only one breadwinner in the household.

    “It’s a sad fact of life that the unthinkable can and does happen and the last thing you would want is to leave yourself or your family in dire financial straits,” said Ed Stuart-Brown, head of protection sales at Friends Provident.

    Need Money Today Until Pay Day

    If you are in a position that is causing you financial problems and need cash fast in the form of a short term loan to pay for an unexpected situation, such as an illness in the family or unexpected bill, then a quick no credit check pay day loan offering an online cash advance could be a better option for you compared to increasing your credit card debt or receiving penalty charges from your bank for going into your overdraft.

    Pay day loans are unsecured short term loans that are designed to cover an emergency short term financial hardship when you need money fast, as High street banks and credit card companies continue to be reluctant to lend to anyone they perceive as a credit risk, more and more consumers are turning to pay day loans for affordable credit.

    Tags: , , ,

  • 03Mar

    How to Avoid Spending on Credit Cards

    Payday Loan Guides No Comments

    Pay day loans offer an affordable way to avoid spending on credit cards, as it is revealed that credit card lending increased by £0.2 billion in January.

    The figures released from the Bank of England show that British consumers are still struggling with debt, with many in need of short term cash fast in order to pay outstanding bills. More and more Brits remain reliant on their credit cards to fund their lives. In January, housing charity Shelter revealed that up to 1 million people are paying their rent or mortgages on their credit cards each month.

    Increase Cost of Credit Card Lending

    Using a credit card for daily purchases is now more costly than at any time in more than a decade as interest rate charges hit a 12 year high.

    As a result of the spiralling costs of using a credit card, as well as the reluctance of many banks to lend to anyone that they may see as a risk, more and more cash strapped Brits in employment are opting instead for payday loans to solve their emergency money worries.

    Tags: , , ,

  • 02Mar

    More Money On Pay Day Unlikely for Most Brits

    Payday Loan Guides No Comments

    A new report suggests that few people will be getting more money on pay day this year, as it is revealed that over half the UK population do not expect a pay rise this year.

    The report from USwitch.com suggests that the recession is far from over for millions of consumers and that despite the economy being on the mend, over 16 million workers (57%) do not expect to get more money on pay day this year, and those who do expect a pay rise can expect a rise of just 1.9% – a net monthly increase of just £27.

    With the cost of living rising at nearly double the rate of salaries, 5.4 million consumers (11%) are spending more than they earn while over one in four (26%) have nothing left in their bank account at the end of the month. And with the majority of those asked seeing no clear signs of recovery on the horizon in terms of pay, it’s hardly surprising that 31% of consumers believe they will be worse off this year than last.

    Extending Overdrafts to Get to Pay Day

    With salaries failing to keep up with the cost of living, consumers are increasingly relying on debt to fund their lifestyles. Worryingly, the number of people living beyond their means has risen by 12% since 2008.

    Nearly half (48%) of those spending more than they earn rely on overdrafts to fill the gap between their income and their outgoings, while over a third (34%) use credit cards to keep them afloat.

    Others, on the other hand continue to look for alternative forms of short-term credit, such as pay day loans, rather than pay expensive bank overdraft penalty charges.

    An investigation carried out by the Daily Mail in February revealed that the cost of an unauthorised overdraft with the leading banks worked out to be more expensive than taking out a payday loan.

    Tags: , ,

  • 01Mar

    Pet Owner’s Struggling to Find Money for Vet’s Bills

    Payday Loan Guides No Comments

    Research reveals the spiralling cost of vet’s bills and that many cash strapped dog and cat owners are having their pets put down rather than pay for costly medication or operations to treat their conditions. We review your options for paying vet’s bills and getting cash for an emergency so you have money to pay bills.

    Owning a pet can be expensive, running up plenty of unexpected costs that leave many people struggling to pay their bills. Research from Sainsbury’s Finance reveals that 56 per cent of vets claim that over the past five years they have had to put down cats and dogs because their owners could not afford the cost of treating their conditions.

    A staggering 88 per cent of vets claim that they have experienced situations where owners have rejected a recommended course of treatment or operation because they could not afford to pay for it.

    “Advances in veterinary science mean that our pets can get the best treatment possible these days, but these improvements including everything from more sophisticated scans to cancer treatments come at higher costs and the financial burden is being felt by pet owners,” said Joanne Mallon, Sainsbury’s Pet Insurance Manager.

    “Vet fees are increasing by around 12% a year and as a result of this we may see more animals needlessly being put down because their owners cannot afford it.”

    Money to Pay Bills and Pay day Loans

    The research from Sainsbury’s Finance revealed that 63 per cent of vets believe that the cost of treating a skin tumour on a cat or dog has increased over the past year alone. Vets were found to report increases in the cost of treatment for a number of other conditions also. These include dental trauma, for which 53 per cent of vets report an increase in the cost of treatment, gastroenteritis (65%), lameness (61%) and diabetes (57%).

    For those having trouble paying for vet’s bills if they do not have insurance, instead of getting a credit card that only encourages customers to spend more money than they can afford with the offer of enticing spending limits, a better option for a one-off money emergency could be a pay day loan.

    Pay day loans are quick easy cash unsecured loans designed to be paid back quickly. You do not need to fax anything to apply and you can usually get the money paid direct into your bank account within 24 hours.

    Tags: , ,

  • 26Feb

    Banks Slammed for Not Lending Money

    Payday Loan Guides No Comments

    Vince Cable, the Liberal Democrat Shadow Chancellor has slammed leading high street banks for not lending money. Find out how to borrow money affordably without relying on your bank.

    The cost of borrowing money from your bank has increased dramatically in recent years in the wake of the credit crunch. Credit card interest rates stand at a 12 year high, unsecured loans at a 9 year high and the cost of borrowing on agreed overdraft limits has risen 2% in just two years.

    Commenting on the announcement of RBS’ losses and the fact that the bank is paying out £1.3 billion in bonuses Vince Cable said that RBS rewarding individual bankers is like a football team paying their striker for scoring when they’ve just been relegated.

    “The Government has to get a grip and explain how it will exercise its 84% shareholding in RBS to benefit the taxpayer,” he said. “At present we are seeing very little. Part nationalized banks are for lending, not bonuses.”

    If you are in need of borrowing money till payday and your bank is not agreeing to lend you money, either because you have a poor credit history or simply because you are deemed unsuitable to lend to in the current economic climate, if you work, an instant cash payday loan could be a cheaper option for you than being stung by unauthorised overdraft charges by your bank or putting it all on your credit card.

    Tags: ,

« Previous Entries