Financial difficulties can arise any time of the month. Unfortunately, this is not the case with our paycheck. It comes on a fixed day and the money we get does not increase or decrease as per our requirements. To alleviate the burden of constant expenses and allow consumers to lead a dignified life without having to borrow money from friends and relatives, banks and financial companies have come up with an assortment of loans. These loans can be divided into secured and unsecured loans that are offered depending on whether or not you can pledge collateral. While unsecured loans are extremely expensive and hard to get, secured loans come with a relatively lower rate of interest and a pocket friendly repayment plan. If you are looking for a quick cash loan that is easy on your pocket too, you may consider loan against car.
Loan against car is a viable option if you do not have an asset to pledge other than your car and lack the ability to pay high interest rates associated with unsecured loans. The best part about loan against car is that you can still keep it with you to drive around and get urgent cash by using it as collateral. Loans against car are also called as log book loans. When you register your car, the government gives you a file called as logbook that contains all the information pertaining to your car such as registration number, the chassis, and so on.
Now you may wonder how a logbook can help you get a long term loan. Being a very important file, logbook can be pledged as collateral with financial institutions that can provide loans up to 120 percent of the value of your car. Loan against car is carefully designed so that every borrower finds it useful and convenient. As such, borrowers are given a very flexible repayment plan so that they do not miss out on monthly payments. Your monthly payment is based on the rate of interest and of course the tenure of your loan. So, you have to bear a bigger installment if you want a short term loan and a smaller installment if you opt for a long term loan. That’s not all; log book loans are a good way of improving your credit history and pave the path for better loan deals in future.
Everyone needs cash in an emergency. Be it for medical expenses, unforeseen car repairs or any hardship that you might face. One hour payday loans used to be difficult to find. Going from loan center to loan center in an attempt to locate lenders who would extend a short term loan to help alleviate your financial misfortunes. Not only are lenders available on a walk in basis but there are literally hundreds of one hour payday loan providers now available online. These lenders provide short term loans for overdue bills or any other financial bind you may find yourself in between paydays. Lenders these days actively solicit customers for payday loans because of there ease of delivery and the profit margin for them.
There are two basic types of lenders in the marketplace willing to write you a loan. Direct and indirect lenders are both willing to deal with borrowers but they have differences that make them unique in there approach. While indirect lenders serve the same purpose as direct lenders their methods are more tedious and time consuming. Much like what lending institutions such as banks and credit unions charge they are as a rule more expensive because they involve third parties to help them establish your credit history in their attempts to approve your loan.
In contrast direct or no teletrack lenders deal with the borrower directly thus eliminating the middleman and enabling them to provide services more inexpensively and much more quickly. Most online loans can be completed in a matter of minutes and the money made available to the borrower instantly after approval. If you are at least 18 years of age, employed for 3 months or more, and have an active bank account with direct deposit access you are well on your way to being approved for a one hour payday loan. These loans are quick and easy to obtain and if you chose to apply for your loan online all transactions are transmitted over secure lines. Shop around and find a reputable company, that fits your needs. Compare interest rates and repayment terms.
Small financial needs creep in slowly when we are low on cash. With no finances obviously catering a small financial requirement also becomes very difficult and may create a financial pressure. What if your payday is also yet far away how will you com out such situation? Cash till payday is a great solution that can be easily entailed for small financial needs. Anyone can easily meet important financial needs with the help of these advances.
Small and urgent expenses that need to be attended instantly can be easily met with the help of these loans. With finances various expenses can be paid off like:-
o Library fee
o House rent
o Purchase grocery or stationery
o Pay for computer maintenance
o Consolidate outstanding bills
Bad creditors can also entail these loans without worrying about their blemished credit history. There is no credit check required and those facing bad credit records such as arrears, CCJs, IVA, late payments, bankruptcy, missed payments and defaults can seek approval. All types of borrowers are acceptable.
The loan amount offered by these loans is small and ranges from £100-£1500 for a short period of 15- 31 days. Being short term in nature the financial help is extended at slightly higher rates of interest. The repayment date can be adjusted with the upcoming payday easily.
These can be applied through any bank, other financial institution or even online. There is multitude of lenders that are available online and offer profitable deals. By doing research and comparing their quotes you can easily fetch a good deal for yourself. Online one can apply in hassle free manner and without facing any trouble.
A one hour payday loan is always there to help you out if you need quick cash in a hurry. From academic expenses to unexpected medical problems a one hour payday loan is quick, easy and dependable. So many cash advance outfits have popped up in recent years that it is nearly impossible not to find one that will serve your needs. The sudden popularity of one hour payday loans is largely in response to an uncertain economy. But one hour payday loans have many advantages. They give you a quick and reliable source of cash without having to ask friends or family for funds that they may not even have themselves. With the recent explosion of organizations willing to extend a cash advance to so many it is a safe bet to say that finding sources of short term loans is the least of your worries.
One hour payday loans also have many other advantages. The application process is quick, easy and private. Although there are walk in establishments still available in any moderately sized town most people prefer the ease and comfort of applying online. A quick internet search will turn up dozens of organizations willing to help you out in your time of need. These outfits are safe as all information is transmitted over secure lines and the possibility of the leaking of your personal and banking information to unwanted vendors is kept to a minimum. One hour payday loan sources eliminate the need of having to compile your financial information and present them to loan agents in the more traditional manner that we are accustomed to.
In days past the loan process was a long and drawn out affair while lenders checked and calculated your credit history. One hour payday loans eliminate this need because your paycheck is enough security for the lender to approve you. As long as you are 18 years of age, have been employed for 3-6 months with verifiable income of at least 1000 and have an active bank account with direct deposit set up you meet at least the minimum requirements for approval. A recent bankruptcy in your past may have some bearing on your approval status as will any defaults on previous one hour payday loans. You will also be denied if you have any other active cash advance accounts that are still in the process of being repaid. This prevents unscrupulous or irresponsible borrowers from going from lender to lender and taking out a series of loans.