Dosh Express Payday Loans

Records show that the UK is embracing payday loans with remarkable rapidity

. The best example is the fact that the number of payday loans borrowed in 2009 has increased by four times in comparison to 2006. Perhaps the main reason was the gradual development of economic unrest all over the world, which was first experienced by the general public. Nevertheless, this fact proves that such loans have shown their potential to become the lifesaver of millions of families throughout the country. With the emergence of new companies like Dosh Express, it can be inferred that UK payday loans have a bright future ahead of them.

What Critics Have to Say

Perhaps the critics' opinions provide a good starting point. The most popular argument is that payday loans exploit people's salary, their only refuge against poverty and starvation. However, if there were no such loan facilities, many emerging middle-class families would be helpless since they don't possess any other assets to be used as bonds in securing other types of loans or mortgages. Besides, the apparently high annual percentage rates often lead to meaningless interpretations of payday loans, even in case of trusted companies like Dosh Express. In reality, the interest of a this loan won't ever exceed one-fifth of the loan amount.

Problems with Other Lenders

The main advantage of payday loans is that the borrower doesn't have to bother much about repayment as long as his next salary is bound to reach him on time. However, if the salary fails him, the situation could grow worse. Although companies like Dosh Express which really care for their clients don't take such rude actions, many loan companies increase the rate of interest and impose additional fines if you fail to settle the loan by the due date. Such situations may even lead to unfortunate 'debt cycles' which can eventually deprive you of all your assets.

Convenience from Dosh Express

To protect yourself from such troubles, it is always advisable to go for trustworthy lenders like Dosh Express which can understand and feel your true situation. Such companies will always try to relieve your burdens with lower rates of interest and minimal fees. Dosh Express also provides facilities for loans which don't require proofs of employment, focusing on families without fixed or formal sources of income. Although they generally don't fall under payday loans, both types of schemes share a majority of common features like short maturity time and repayment on the day of receiving the salary.

by: diane

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