Pounds2day offers payday loans which are paid back over a 6 month term in installments, providing an easier way to repay in comparison to many traditional cash advances.
The loan products offered by the company are offered as solutions for
short-term cash shortfalls, not as long-term financial solutions.
Many payday loan customers use the funds to pay for unexpected shortfalls in personal finances resulting from emergencies, to pay for car repairs and medical emergencies, for example.
Because of the central requirement in payday loans for the borrower to be in regular employment, result of a credit check is often not an entirely deciding factor in the loan process.
That means that these loans are often available to people with bad credit, but with regular income.
Due to their usage for emergency funding, one of the features of payday advances is that these loans are easy and fast to apply to, and you will normally get the funds very quickly into your bank account, often within the same day (most lenders will insert an extra fee for same day service).
There are several requirements for you to qualify for a payday loan from the service. These requirements include:
You have to be at least 18 years old
You have to be a UK resident
You have to be employed & receive a regular salary
You have to provide your debit card information as part of the loan application process
You have to earn at least £750 per month
If you meet these criteria, the online form for loan application can be filled in very rapidly. If the company receives your online application before 4:00pm, and they are able to verify all of your information, the funds are able to be transferred within that same day (for an extra fee).
Otherwise, you are able to get the loan funds the following business day.
Cash advances should be used for short-term financial needs only, not as a long-term financial solution.
| Terms & Conditions | Copyright 2012 © Vippi-opas.com