How many times have you wished that you could access a pot of money to help you out of an emergency situation? Whether this is emergency dental work, car repairs, household repairs or utility bills, it does not matter, the important thing is that the option to resolve the problem is often non-negotiable. You simply cannot ignore a leaking radiator, or tolerate cold water showers etc. therefore the introduction of the payday loan absolutely answers your wishes.
Cash till payday loans are loans which are accessed via a private third party company who allocate the loan against the premise of your next pay cheque. There are very few criteria if you compare this to a more traditional personal loan or credit card product. The only personal information that you need to provide is your personal details (name, address etc.), proof that you are over the age of 18 and proof that you are currently in some kind of employment, as long as you earn over £750 per month.
The application process itself perfectly complements the emergency situation of the loan. You can apply for the loan either online or by going into a payday loan retail outlet on the high street. This is because it takes approximately five minutes to complete the application form and once submitted, depending on which company you have applied through, you should have a decision within an hour. Some companies even promise to have the cash deposit in your bank account within an hour. Therefore if you break down in your car, miles away from home, you can have the cash amount in your bank account by the time it comes to settling the bill for the repairs to your broken down vehicle.
The other great advantage of this type of loan is that most payday loan companies do not take into consideration your credit history. Therefore if you have been penalised in the past for missing payments, CCJs or even bankruptcy, do not worry because a payday loan will still be an option available to you. The only thing that you need to be mindful of is that you make your repayments on time and in full as you will incur financial penalties if this is not adhered to.
Cash till payday loans are undoubtedly a perfect solution for emergency situations which require money to resolve them, like a broken down car or an unexpected utility bill. There is very little qualifying criteria and the process of loan application to cash deposit is extremely quick therefore completing the emergency situation perfectly.