Pounds till Payday: Emergency Demands and Unique Support
Pounds till Payday: Emergency Demands and Unique Support
Generally the salaried people get their paychecks at the end or in the beginning of every month. What they earn is their limit for budget of the month. It is a fact that most of them try to manage their finance in such a way that they do not require borrowing. The fun of life is that hardly this is possible. They are often faced with emergency demand of several kinds which claims immediate fulfillment. They have learned that assistance from the dear and near ones is not always available. On the other hand, a medical bill cannot be left unpaid. So is also the case of school fees of the children. A suddenly fixed wedding ceremony in the family wants to tear apart the poor wallet. Thanks God, pounds till pay day appear as the great savior.
Pounds till payday may be described as the kind of loan program in which a small amount of loan is advanced against the pay-checks of the next month. The amount that is offered as loan comes between 100 and 1000. Pounds till payday are a short term loan for which the borrowers are to pay back the loan amount within 1 or 2 weeks. The extension of the tenure is possible subject to consent of the lending agency. The borrowers should restrain them from appealing for any extension on their own interest. The interest rates for pounds till payday are much higher than the normal rates. There are chances for penalties in case the borrowers default.
Any citizen of United Kingdom can apply for pounds till payday if he is over 18. He must be working in any legally approved establishment and he must earn about 1000 in every month. It is necessary for pounds till payday that he holds checking account.
The checking account of the applicant is required; because the lenders transfer the loan amount to the applicant's bank account after his loan application is approved. No collateral is asked for this kind of loan program. Moreover, the borrowers having history of stained credit are also eligible for pounds till payout, as no credit check is required here. The payment is made very fast to the satisfaction of the borrowers.