For many people in the UK, it is a dreaded chore to balance the checkbook. While many banks offer their clients online statements and access to their accounts, it is still easy to forget what funds you have available, especially when you are on a big shopping outing. When it comes time to shop for Christmas or birthday presents or when you are at the grocery store stocking up on supplies for a big dinner party, you may often find yourself not worrying about how you are going to pay for your purchase until you reach the checkout. As a result of these situations, many people suffer from the fees associated with bounced checks and overdraft charges. Fortunately, there is a simple solution to this problem: taking out a pay day loan.
Payday loans can be used for virtually anything, even something as simple as avoiding a bank fee. When you bounce a check, most banks will charge you a fee of 30 - 60 pounds for each check and fees are often the same for overdrawing your account. If you bounce several checks within a short period of time or continually overdraw your account, these fees can add up quickly and become a large problem. By using a payday loan to add funds to your account, however, you can easily avoid those high fees. You can take out a payday loan in the UK in any amount from 100 pounds to 1000 pounds, sometimes up to 1500 pounds and once the money is in your account you can choose how to spend it.
Pay day loan companies generally expect a 125% repayment on their loans within 14 days which means that if you borrow 100 pounds, you must pay back 125 pounds and if you borrow 500 pounds, you must repay 625 pounds. While still somewhat steep, these fees are often drastically lower than the fees your bank will charge you for bouncing a check or overdrawing your account. Before taking out a payday loan, however, you should check with your bank to see what kind of fees they are going to charge you and compare that with the repayment rates of various payday loan companies. These kind of loans are available on many internet websites and can often be transferred into your account within 24 hours, so if you are in a hurry to find a way to avoid bank fees, a pay day loan may be a quick and easy solution.
Article Source: Ezine Articles
Payday loans can be used for virtually anything, even something as simple as avoiding a bank fee. When you bounce a check, most banks will charge you a fee of 30 - 60 pounds for each check and fees are often the same for overdrawing your account. If you bounce several checks within a short period of time or continually overdraw your account, these fees can add up quickly and become a large problem. By using a payday loan to add funds to your account, however, you can easily avoid those high fees. You can take out a payday loan in the UK in any amount from 100 pounds to 1000 pounds, sometimes up to 1500 pounds and once the money is in your account you can choose how to spend it.
Pay day loan companies generally expect a 125% repayment on their loans within 14 days which means that if you borrow 100 pounds, you must pay back 125 pounds and if you borrow 500 pounds, you must repay 625 pounds. While still somewhat steep, these fees are often drastically lower than the fees your bank will charge you for bouncing a check or overdrawing your account. Before taking out a payday loan, however, you should check with your bank to see what kind of fees they are going to charge you and compare that with the repayment rates of various payday loan companies. These kind of loans are available on many internet websites and can often be transferred into your account within 24 hours, so if you are in a hurry to find a way to avoid bank fees, a pay day loan may be a quick and easy solution.
Article Source: Ezine Articles
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