Simple Payday - Payday Loans UK

03/08/2019

In the world of finance, quite a variety of loans are available. They include car loans, home equity loans, instalment loans, personal loans, and payday loans. The type of loan that an individual obtains generally depends on his circumstances in life including his past and current employment status existing assets, and past credit history. What Are Payday Loans? Payday loans are… [ 999 more words ]

In the world of finance, quite a variety of loans are available. They include car loans, home equity loans, instalment loans, personal loans, and payday loans. The type of loan that an individual o…

18/06/2019

payday loans available for all emergency scenarios

20/11/2018

Bam, same day!

Don’t let prior indiscretions hold you back Quick access loans can be a fast solution for residents of the UK in a difficult financial situation. They are offered in-line to your income and a…

14/11/2018

When I first started working, I had just moved from Pittsburgh to Baltimore and was without a local bank. I had a bank account, it was just for a local Pittsburgh bank (and a credit union back home in New York) and so when I learned that my first check was going to be paper, I needed a solution. For me, the simplest solution presented itself in the cafeteria of my new workplace – my company, Northrop Grumman, had it’s own credit union and so I opened an account there. [ 555 more words ]

When I first started working, I had just moved from Pittsburgh to Baltimore and was without a local bank. I had a bank account, it was just for a local Pittsburgh bank (and a credit union back home…

14/11/2018

It’s true: Kids need to learn about how to manage their money, and teens need to learn how to properly use plastic. When was the last time you counted bills out to a cashier to pay for something? You really expect your teens to function well in a mostly-cashless society without practice with plastic? So, while teaching teens to manage their money with the help of plastic is probably important, the next issue is whether or not a prepaid debit card is a good idea. [ 1,135 more word ]

It’s true: Kids need to learn about how to manage their money, and teens need to learn how to properly use plastic. When was the last time you counted bills out to a cashier to pay for something? Y…

11/07/2018

I’m drooling over a toy I had wanted forever. I asked my mom if we could buy it and she politely responded with a firm “No.” I remember asking, “why?” to which she responded, “because I said so.” I must have been six or seven years old. I couldn’t grasp the concept of why I couldn’t get what I wanted. In my mind, I don’t ask for much and I really, really wanted this specific toy that I was dreaming about since I saw it on TV. [ 1,160 more word ]

I’m drooling over a toy I had wanted forever. I asked my mom if we could buy it and she politely responded with a firm “No.” I remember asking, “why?” to which she responded, “because I said so.” I…

11/07/2018

Working with women in the education field, I’ve heard countless of justifications why they don’t handle their own finances. Most of it is a lifetime of roadblocks that have stood in their way. I’m not referring to budgeting, rather when it comes to making investment decisions and other financial decisions. Here are a few I’ve heard: • “Oh, my husband handles all of our finances.” [ 670 more words ]

Working with women in the education field, I’ve heard countless of justifications why they don’t handle their own finances. Most of it is a lifetime of roadblocks that have stood in their way. I’m …

11/07/2018

Could you marry someone who was unemployed? Is love enough? Forbes Woman conducted a survey about marrying someone who was unemployed or you were unemployed. With recent unemployment hovering around 9 percent, women, especially, as they consider their future cogitate over monetary stability for a romantic future. Although women tend to place more weight on love than money, a strong percentage of women will not marry if their potential mate is unemployed. [ 592 more words ]

Could you marry someone who was unemployed? Is love enough? Forbes Woman conducted a survey about marrying someone who was unemployed or you were unemployed. With recent unemployment hovering aroun…

11/07/2018

What do budgets and diets have in common?
The dirty word “budget” less likely emotes the pleasure, yet artificial, feeling of drinking a dirty martini.

Do you always stick to your budget after you create it? Do you find it difficult or a nuisance to stick to it? Do budgets even work?

These questions are asked by women all the time. Personally, I’m not a big fan of budgets.

What do budgets and diets have in common? The dirty word “budget” less likely emotes the pleasure, yet artificial, feeling of drinking a dirty martini. Do you always stick to your budget after you …

05/06/2018

When children leave home to start their studies at college, they’re taking on an entirely new world to navigate. Not only does the level of education increase, but students also begin taking on multiple forms of independence — paying their own bills, feeding themselves and managing their own finances.

The process of mastering these tasks - see here https://www.simplepayday.co.uk/ can take some time, and mistakes are sure to litter the path. However, big financial errors can plague young people and require years to fully recover from. It’s best to provide guidance from the start, to avoid damaged credit ratings, outstanding debts and other financial fallout.

With that in mind, here are three rules every college student should follow to maintain financial safety:
Keep Personal Financial Information Under Wraps

College is unfortunately the most common time for individuals to become the victims of identity theft. Multiple factors are at play. Close living quarters are often shared with other people, and many young college students are unaware of how easily their personal information can be stolen and used for fraudulent activity. Students need to take precautions with their personal information.

Another step that can be a huge benefit is enlisting the support of an identity theft protection service. Lifelock is one of many protective services that monitors your financial activity and information to identify potential fraudulent activity and protects you from having your identity stolen. These types of programs are an extra expense, but they provide a highly reliable layer of protection that can be invaluable to those naive to the risks they face.
Take Out as Few Loans as Possible

The cost of college is higher than ever, and it only continues to increase. The less loan money you can take during college, the less crushing your debt will be once you graduate and get a job. Fewer loans means savings on interest and more financial freedom when you get done with school.

Not taking loans is easier said than done — unless you have a plan. Get a part-time or summer job (or both), and put away money from each paycheck to cover your tuition and other school-related bills. Even if you can’t pay for the entire bill, covering part of it and reducing the amount of loans you take out can be a great way to graduate from college with a small student debt cloud hanging over your head.

Make a Budget and Monitor Your Spending

As soon as you know how much money you have for living expenses each month, draw up a budget that considers all your monthly bills and other expenses. Use online banking and other financial monitoring measures to track of how much you are spending in every category and keep your spending under control. By keeping track of where your money is going, you can make adjustments to your habits and avoid the overspending that can drain funds and lead to credit card debt.

Any college student is prone to making mistakes here and there, but awareness and education can prevent the serious mistakes that can leave financial scars. Instead of hoping financial disaster doesn’t come your way, be proactive in managing your money while your young.

20/05/2016

A payday loan refers to a short term cash advance given to a customer and it is secured against that customer's next pay check or salary. This type of loan is mostly provided to salaried consumers who have some employment history. The laws governing or controlling payday loans vary all around the world.

The payday loaning practice continues to receive a lot of controversy and keep facing both legal and social challenges. However, it has both its merits and demerits.

The process

The process is very simple compared to other methods such as bank loans. The lender gives a short term loan which is unsecured to a borrower. The loan is to be repaid when the borrower gets the next pay check. The lender may verify the borrowers employment or income.
In the more traditional model, when the borrower gets a payday loan, he/she writes a post dated check to the lender which covers the full amount of the loan and also the fees chargeable. The borrower is expected to go back to the lender when the loan matures (pay day) and pay the loan plus fees charged. If this does not happen, the lender can redeem the check that the borrower wrote when getting the loan.

For online payday loans, the borrower fills the loan application forms online and the cash is then transferred to his/her account digitally and once he/she receives his/her pay, the loan amount plus fees are withdrawn automatically from his/her account.

Good for you if...

1. The process is fast and readily available.
Once a consumer needs a payday loan, the processing is very fast; it can even take 30 minutes and the borrower has the money in the account.

2. Helps in cases of disaster
When disasters strike a certain area, people with access to readily available payday loans have higher chances of recovering than those without. Also in cases of emergencies like sickness, the borrower gets quick access to money needed for treatment.

3. Helps in improving the household welfare
Payday loans can greatly help in improving a household's welfare as they are readily available and without stringent measures. Further reading for this is here https://www.simplepayday.co.uk/loans-one-hour/

4. Optional credit available where other options are not available.
If a borrower has exhausted other credit avenues, he/she can always opt to get a payday loan which is readily available as long as it can be paid with the next pay check.

Reasons to avoid!

1. Exploiting the financial restraints of the poor for profits
Most payday loans lenders target the poor and the young who are undergoing hardships from one pay day to the other. They lend them money at high interests and pocket the high profits. This also drains the low-income communties as the borrowers are unable to save once they receive their pay. They instead use it to repay loans and the high interests and in the end get into a debt-cycle.

2. Aggressive collection ways.
Default rates in this business are very high (in the range of 10-20%). Therefore, in many cases, lenders are forced to use aggressive ways of collecting the money owed to them such as threatening the borrowers with check fraud where borrowers issue post dated checks but their accounts dont have enough money

3. High interests that go against the legal restrictions
Most payday loan lenders charge very high interests ignoring the legal restrictions set.

In conclusion, lets say pay day loans lending is a component of our day to day lives and just like most other things in the world, a necessary evil!