In the UK market PaydayAgain are one of the best facilitators of Payday loans and their sister company PaydayDoe covers the market across the pond in the US, true customer satisfaction comes from their integration with a 3rs party submissions system which applies to a multitude of different lenders simultaneously base on pre set criteria giving the optimum chance of acceptance and best possible rates. Due to the nature of their marketing campaigns and very low overhead policy they are able to offer the best possible rates when compared to direct competition such as Wonga or Pounds2day who have considerable overheads in call centre & advertising campaign costs which need to be factored into the loan price offered to the end customer.
So what is a payday loan. As the name suggests the payday loan is a loan that is given till the next payday. The concept of this loan is to grant a short loan amounts till the next payday and recover the money back with some fees on the next payday. These loans are perfect for covering short term cash crisis when you have bills or expenses which simply must be paid.
And What Isn't a payday loan - A payday loan or cash advance is not a long term or even medium term solution to a cash shortage, this type of loan can make major sense in the very short term in emergency situations but should never be used for more than the month it is designed for as the cost is disproportionately high if it's used for a long term.
PaydayAgain charge on average ?25 in a hundred for a period up to 38 days offering anywhere from ?100 to ?1500 which can be in your bank account within a couple of hours, this is very cheap in the cash advance & payday loans market with rates going in excess of ?40 in the ?100 Pounds2day charging ?35, so it's important to shop around, the APR statements can be frightening and also very misleading, here are a couple of little analogies in relation to the relevance of APR to Payday Loans:-You want to get a taxi into town, it's a couple of miles down the road, when you ask the taxi driver what it will cost the reply is ?2100 from lands end to john o groats - ?5600, I only asked for a couple of nice prime rump steaks, about a Kg, "we are only allowed to give the price per ton" is the responce from the butcher at Tesco - Out with the wife for a day out and you decide to stop overnight, you drop in at a nice little hotel and ask how much is a double room for the night, only to be told, ?21000 per year. But getting back to the point, don't use a payday loan as a long term fix.
PaydayAgain (www.PaydayAgain.co.uk) & their US counterpart PaydayDoe (www.PaydayDoe.com) both offer ultra fast processing, all online Cash Advances, most competitive rates with a fully secure and easy to use application process which only takes a couple of minutes, definitely amongst the best in the payday loans market.
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