Short Term Payday Loans

There are many benefits to short term payday loans. Short term payday loans allow you to borrow a small amount of money until your next payday. Short term payday loans are very useful if you have received an unexpected bill or if the car has broken down.

Short term payday loans are reasonably easy to apply for. Most applications for short term payday loans will take no longer than ten minutes. When applying for short term payday loans, the lender will request basic details about you, bank details, card details and employments details. After submitting your application for short term payday loans, the lender will then complete a credit and affordability check. Most short term payday loan companies have this service automated. If your application has been declined for a short term payday loan you will normally find out straight away.

Some application for short term payday loans will go to an underwriting team where they may request additional information such as a pay slip. If your application for a short term payday loan is successful the money is normally paid into your account with in the hour. You can then use your short term pay day loan to pay the unexpected bill.

Before applying for any short term payday loans, it is very important that you consider if you will be able to repay your short term payday loan on your next pay date. The short term payday loan company will collect the payment in full on your next pay date.

Short term payday loans are meant for the short term. If you think that at the end of the month when you have repaid your short term payday loan that you will need to reapply, you may want to consider getting some debt advice.

Short term payday loans should never be used to pay other finance as you may put yourself into financial difficulty. If you are struggling to pay your credit card bill for example, contact the credit card provider.

Payday instalment loans can be easier to repay than a payday loan, however before taking out a payday instalment loan it is very important that you ensure you can make all repayments on your payday instalment loan on time. Failure to do so can effect your credit file and may result in court action.

If you would like to apply for a payday instalment loan today with Sandy Beach, just click on apply! There are no charges for applying for a payday instalment loan with us.