I was pleased to discover last week that if you have a regular income it's very easy to get what is called a cash advance loan (also called payday loan or paycheck advance) to alleviate short term cash issues, it's basically a credit solution designed around an advance until your next salary payment.
Historically I've done the credit card debt sketch on a sizable scale, taking me nearly eight years to get straight, so I don't have credit cards at all now and really don't want any again. I now have a real fear of getting into debt but when my car broke down, block cracked, I needed to get another quickly as I'm dependant on it for work. There was great deal about 30% below book value on a new motor from a work colleague who was emigrating, but he would need paying within a couple of weeks.
Unfortunately it was 3 weeks until payday, and I was very sure the bank would not give me a loan or an extended overdraft facility and I was ?800 light on the full price for the car. This fantastic deal would be no issue after my next salary payment, but since this would be too late it was a horrible position to be in
A friend of my ex wife came up with the suggestion that I apply for a payday loan saying that most don't do any sort of credit check and all I would need was proof of employment and regular salary. I checked out the top 3 that evening, PaydayAgain, QuickQuid and Pounds2Day all having very simple to use websites, easy application process and very fast payment, finally settling on QuickQuid as i got an "Excellent" rating making it much cheaper that Pounds2day and on a par with PaydayAgain.
Got the cash from the cash machine at the local Tesco the next morning, it had been in my account from about an hour after i applied the previous night, deal was done that day when i got to work. The cash advance was the perfect (well in my situation) band-aid on this occasion and i was delighted that i was able to steal this bargain. Getting a cash advance on my salary was very scary as I am so frightened of getting myself into debt after my previous experience but as I only borrowed the money for a few days, I was back in the black within 3 weeks.
If you're interested the car was an Audi A6 2.4 diesel estate, 2002 model, and is absolutely fantastic, best buy I have ever made, I would have been more than disappointed if I hadn't been able to buy it, and its outstandingly reliable so i must say a big thank you for the service QuickQuid provided .
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