• 31Mar

    Paying for that Easter Holiday Deal

    Payday Loan Guides No Comments

    Finding the money to take the family on an Easter holiday can be hard, especially as new research shows that Easter holidaymakers will be hit by massively inflated holiday premiums. If you are looking to take the family away, we look at ways to pay for that perfect break.

    Research from Santander Cards, which analysed the cost of a holiday for a family of four in the run up to Easter across five popular destinations – Florida, Crete, Gran Canaria, Lanzarote and the Algarve, found that families face an astonishing premium of 119 per cent on average for jetting away the week commencing 28th March – when schools start closing – compared to the week commencing 25th April, when schools have all re-opened.

    “Parents with children at school face a huge premium if they want to take them away during the Easter break,” commented, Emma Roberts, Director of Santander Cards.

    “Given the price hikes it’s not surprising that many parents choose to take their family holiday during school time.”

    Those travelling to Gran Canaria from Manchester airport will be hardest hit, incurring a premium of 214 per cent, while the lowest premiums can be found on Easter breaks to the Algarve, Portugal, which cost on average just 37 per cent more compared to when the kids are back at school.

    Faxless Payday Loans for a Family Holiday

    If you are in need of a holiday this Easter and are having trouble finding the money to pay for an Easter Holiday Deal, instead of using your credit card or incurring significant charges on your bank overdraft account, a payday loan could be the answer to your short term financial problem.

    Faxless payday loans are easy to apply for online and the money can be in your bank account within hours – and you can spend the money on anything you want, such as a family holiday. Remember though that these short term cash loans are designed to paid back quickly, typically on your next payday.

    Tags: , , , , , ,

  • 29Mar

    Payday Loans News: More Smiles on Payday as Minimum Wage Increases

    Payday Loan Guides No Comments

    From October, low paid workers will be able to benefit from increased pay packets as the government confirmed that it has accepted the recommendations from the Low Pay Commission (LPC) on the new rates for the National Minimum Wage, as referred to in last week’s budget.

    The new rates, which will come into force on 1 October 2010 will be:
    £5.93 per hour for low paid workers aged 21 and over (a 2.2% increase on the current £5.80 rate);
    £4.92 per hour for 18-20 year olds (a 1.9% increase on the current £4.83 rate); and
    £3.64 per hour for 16-17 year olds (a 2% increase on the current £3.57 rate.

    The Government also announced that it had accepted the LPC’s recommendation to introduce an apprentice minimum wage of £2.50 per hour. The new rate will apply to those apprentices who are under 19 or those that are aged 19 and over but in the first year of their apprenticeship.

    “Since the National Minimum Wage was introduced millions of low paid workers across the country have benefited by having their wages increased,” said Business Minister Pat McFadden.

    The findings come alongside last week’s announcement that up to 1 million more people will be able to gain access to banking services under a new scheme designed to improve the situation of low paid workers.

    Extra pay each month or week will be of real benefit to millions of workers who are struggling to pay their bills each month and are often in need of extra money till payday. If you earn over £750 per month you could benefit from a faxless payday loan.

    Payday loans are short term low value cash loans designed to be paid back quickly to help you pay for an emergency, or unexpected bill.

    Tags: , , , ,

  • 26Mar

    Ways to Save Money Until Payday

    Payday Loan Guides No Comments

    New research shows that Britons are cutting the cost of their daily living as they try to find ways to save money until payday each month.

    Money saving research from Santander Current Accounts claims that the vast majority of Britons are still continuing to cut back on their outgoings, with more and more cost-savvy customers shopping around for good deals on groceries, switching off lights and electrical items, and starting a culture of ‘make do and mend.’

    Money Saving: Can’t Pay Bills

    The research comes as we revealed this week that more and more Brits worried about not being able to pay energy bills increasingly went without heating during the cold winter weather. Read More: Can’t Pay Heating Bills

    Over half (55 per cent) of Brits, the research claims, continue to look around for the best grocery deals and one in five (21 per cent) have started taking their own lunch to work.

    “Forty million people are still feeling the pinch and trying to find ways of slashing their outgoings to cut back, including starting a ‘make do and mend’ culture, buying second hand goods on eBay and in charity shops, or cutting reducing household help and their childrens’ pocket money,” said Helen Bierton, Head of Santander Current Accounts.

    If you are looking to save money until payday, or are in need of money till payday, then affordable short term cash loans, such as payday loans, are becoming an increasingly popular way to make ends meet and pay for one-off bills such as heating bills, car repairs or household maintenance.

    Payday loans are simple loans, faxless loans and available to anyone over 18 in employment, earning more than £750 per month.

    Tags: , , , ,

  • 25Mar

    1 Million People to Gain a Basic Bank Account

    Payday Loan Guides No Comments

    Payday Loans broker Paydaybank.co.uk welcomes the announcement from yesterday’s budget that will give 1 million people access to basic bank accounts.

    The Chancellor, Alistair Darling, announced yesterday that it will compel the state owned banks to give 1 million extra people access to a basic bank account, something that should be welcomed.

    Not having a bank account in the 21st century restricts those most in need of taking advantage of reduced bills on items such as paying utility bills via direct debit.

    In the digital age the best deals and cheaper offers are typically found online, too, which all require a bank account to pay for them.

    A bank account is also important if you are looking to take out an affordable short term loan, such as a payday loan, and can also have an effect on repairing your credit score if you have a low or damaged credit score.

    Tags: , , ,

  • 23Mar

    Payday Loans for Winter Energy Bills

    Payday Loan Guides No Comments

    Payday loans are a popular source of lending to pay for outstanding winter energy bills.

    The high cost of energy is forcing British households into a self-imposed ‘ice age’ with people cutting down or rationing their heating due to cost, according to new research from uSwitch.com, the independent price comparison and switching service.

    Despite being the coldest winter in 30 years, seven out of ten people (69%) cut down or rationed their energy usage while half (50%) even chose to go without heating in an attempt to keep costs down.

    The Cost of Winter Energy Bills

    Of these, over a third (37%) went without heating occasionally, while over one in ten (12%) regularly went without. Just 29% of people – less than three in ten – didn’t feel the need to go without heating this winter to keep costs down – a shocking indictment of life in modern day Britain.

    “Let us be clear that this is not about people becoming more energy efficient – this is about people going cold,” Ann Robinson, Director of Consumer Policy at uSwitch.com, says.

    “And sadly it has taken a bitter winter to bring home the bitter truth about the impact high household energy costs can have on quality of life and health in Britain today.”

    The uSwitch research coincides with research from moneysupermarket.com which revealed that worries about the cost of bills meant that over three quarters (78 per cent) of bill payers didn’t use their heating as much as they would have liked to this winter. Read More: Can’t Pay Bills

    For anyone struggling to make a payment on their gas or electricity bills, or any other bills for that matter, and even if you have a poor credit history, a quick cash payday loan can be extremely helpful in paying your outstanding bills.

    Tags: , , ,

  • 22Mar

    Can’t Pay Bills: Energy Bills

    Payday Loan Guides 2 Comments

    Energy bills for gas and electricity are causing considerable problems for Brits, with new research showing more than three-quarters of people can’t pay bills. We look at ways to help get money if you can’t pay bills.

    Moneysupermarket.com research has revealed that worries about the cost of bills has meant that over three quarters (78 per cent) of bill payers didn’t use their heating as much as they would have liked to, or are concerned about whether they can afford to pay for their consumption.

    Of that 78 per cent, one in five (22 per cent) confessed they were so worried they stopped using their heating altogether as they couldn’t afford it, and were worried that they can’t pay bills.

    17 per cent cut back on using their central heating but did manage to keep warm. Over a third (39 per cent) admitted to using their heating as much as necessary – but revealed they are now anxious about how to pay the bill.

    Research published in February showed that 73% of the UK was worried about the cost of their energy bills after the winter cold snap. Figures show that the cold winter weather cost an estimated £35.21 million in home insurance claims.

    Can’t Pay Bills: Small Payday Loans

    If you are in need of borrowing money until payday to pay for your expensive heating bills then a small payday loan can help.

    Payday loans are quick easy small cash unsecured loans designed for you to pay back as quickly as possible.

    Tags: , , , ,

  • 19Mar

    Banks Need to Help Customers

    Payday Loan Guides No Comments

    Banks have been slammed by consumer group Which? urging them to put the needs of consumers first.

    With unauthorised overdraft charges, interest rates on agreed overdrafts and the cost of borrowing money from a bank at its highest level in more than a decade, the UK banking industry is not putting the needs of its customers first.

    The call for a change in the banking culture was echoed by several witnesses, including Lord Paul Myners, the Financial Services Secretary to the Treasury and Lord Turner, chairman of the Financial Services Authority.

    Lord Myners told the Future of Banking Commission that a radical shift in the way banks conducted their business was essential. Without it, he said, there could be little hope of an improvement in the way consumers viewed the financial services sector.

    “The banks need to prove that they are acting in consumers best interests if they want to be trusted,” said Which? chief executive Peter Vicary-Smith.

    Research from the Daily Mail recently revealed that payday loans are cheaper than going into an unauthorised bank overdraft and that many customers are turning to pay day loans for easy cash loans because the banks continue to be reluctant to lend to them.

    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: , ,

  • 18Mar

    Consumer Credit Lending Figures Released

    Payday Loan Guides No Comments

    Figures released today from the Bank of England reveal that consumer credit lending reached a new peak in January, but many banks remain reluctant to lend money. We review your short term lending needs.

    The total flow of net consumer credit edged higher in January, official figures from the Bank of England revealed, with the major UK lenders reporting that availability of credit for consumers remained relatively tight.

    The Bank confirmed what anyone looking to borrow money – either in the form of a loan or credit card – have known for many months now: interest rates on consumer credit remain high, partly reflecting the heightened credit risk many lenders see.

    Leading banks remain reluctant to lend money to all but those with the best credit history, making it increasingly difficult for consumers to borrow, especially for unsecured borrowing.

    Payday Bank Payday Loans News revealed that up to 10 million people could be excluded from borrowing money because they may fail a credit test. Read More: Low Credit Score Payday Loans

    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: , , ,

  • 17Mar

    Low Credit Score Payday Loans

    Payday Loan Guides 1 Comment

    As it is revealed that 10 million Brits could fail a credit score test, payday loans could offer a real money lifeline.

    More than 10 million people could fail a credit score because they do not have enough credit history or appear on the electoral register, according to research carried out on behalf of Kensington.

    The survey of more than 2,000 adults in the UK found that 13% of people have not taken out any financial product since before the year 2000. With credit agencies unable to access data on accounts opened before this date, it means that these six million people may not have enough activity showing on their credit record to pass an automated credit score.

    Poor Credit History and Payday Loans

    In addition, 9%, or more than four million, people do not know for sure whether they are on their local electoral register, which again could seriously hamper their chances of passing a credit score.

    This means that over a fifth of the adult population could be prevented from getting a mortgage by lenders that operate rigid automated credit scoring system. However, Kensington is different.

    It makes decisions based on the customer, not just their credit score, which means it can consider borrowers whose circumstances might not fit the mould required by many other lenders.

    Borrowing Money with a Low Credit History

    If you have a low credit score and are in a financial situation that is causing you problems and need cash fast in the form of a short term loan to pay for an unexpected situation, then a quick no credit check pay day loan offering an online cash advance could be right for you.

    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: , , , ,

  • 16Mar

    Small Payday Loans Help Family Finances

    Payday Loan Guides No Comments

    Research from personal finance product comparison website, money.co.uk, has revealed that 31% of parents borrowed money from their kids at least once during 2009, but if you are unable or too embarrassed to borrow money from your children, small cash payday loans could be the answer.

    The research showed that on average, parents borrowed £15 in cash at a time, which equates to just under £54m loaned to the Bank of Mum and Dad by their children over the course of the year.

    In most cases, parents borrowed from their children because they found themselves caught short for cash, though around 4% (or 400,000) admitted that the ‘loan’ was to help pay for ‘something I wanted.’

    “I’m sure we’ve all been caught short of cash from time to time, for instance when a window cleaner or milk man needs paying. In those situations there’s no shame in borrowing a few pounds from the children, providing it’s only temporarily. All the same, it’s amazing how all those relatively small loans add up when you look at the country as a whole,” said Chris Morling, managing director of money.co.uk.

    “What’s more, you have to wonder how much extra money our children are missing out on if their pocket money is sitting in piggy banks, rather than savings accounts. After all piggy banks don’t pay interest and are not secure against parents on the hunt for ready cash.”

    Fast Cash Payday Loans Explained

    For those having money problems in need of some short term money one-off hassle free cash loans such as a payday loan can be extremely useful.

    Payday 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: , , ,

« Previous Entries