Thanks to the rise in unexpected financial emergencies mainly caused by the worlds current monetary mess, payday loans have become more and more popular in the UK.
While it's correct they're charging unusually high interest rates, it's possible to get the charges down from the publicized rate. This is especially true if you can visit one of the money shops that are turning up in cities and towns in the United Kingdom.
Tip 1 - Window Shop
Try a search for unbiased reviews of the loan company you are thinking about using. For example, if you think QuickQuid is the right payday company for you then search for 'QuickQuid review ' and see what others say about them.
Tip 2 Discount Codes and Coupons
Many payday loan shops will advertise their offers in local newspapers. There, free cut out vouchers are given out entitling you to lower interest rates. If you're definite about getting a payday loan, you have got to keep an especially sharp eye out for these promo codes.
Tip 3 Negotiate
Negotiation always has a positive end result particularly when it comes to payday loans. This applies most especially when you're planning to get a long-term loan that may take you a little time to pay. If you visit a payday loan company or store, you can barter the cost of the interest or fee with the people responsible. Ask to see the manager if the staff aren't keen.
Tip 4 Look At Your Options
Consider a logbook loan instead if you own a vehicle. Try your work manager for a sub until payday - it is not in their interest to have staff in debt and worried about unpaid bills. Another choice is to go to a pawnbroker as the interest rates are far cheaper than other emergency cash lenders and there are no regular repayment plans to worry about.
While it's correct they're charging unusually high interest rates, it's possible to get the charges down from the publicized rate. This is especially true if you can visit one of the money shops that are turning up in cities and towns in the United Kingdom.
Tip 1 - Window Shop
Try a search for unbiased reviews of the loan company you are thinking about using. For example, if you think QuickQuid is the right payday company for you then search for 'QuickQuid review ' and see what others say about them.
Tip 2 Discount Codes and Coupons
Many payday loan shops will advertise their offers in local newspapers. There, free cut out vouchers are given out entitling you to lower interest rates. If you're definite about getting a payday loan, you have got to keep an especially sharp eye out for these promo codes.
Tip 3 Negotiate
Negotiation always has a positive end result particularly when it comes to payday loans. This applies most especially when you're planning to get a long-term loan that may take you a little time to pay. If you visit a payday loan company or store, you can barter the cost of the interest or fee with the people responsible. Ask to see the manager if the staff aren't keen.
Tip 4 Look At Your Options
Consider a logbook loan instead if you own a vehicle. Try your work manager for a sub until payday - it is not in their interest to have staff in debt and worried about unpaid bills. Another choice is to go to a pawnbroker as the interest rates are far cheaper than other emergency cash lenders and there are no regular repayment plans to worry about.
About the Author:
Anthony Killey is a financial advisor and writes reports and reviews on various payday loan lenders including Wonga and Payday Bank on his blog.
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