If you would like further information about quick payday loans, or you would like to apply for a loan, then please visit http://www.handycash.co.uk/.

1. www.HandyCash.co.uk

2. More and more people are turning to the payday
lenders for financial help. As a nation, our wallets are
being squeezed tighter than ever, and some of us
simply cannot afford our lifestyles anymore. As we
attempt to downsize our homes and cut out luxuries,
we may need to get our hands on some cash, and fast,
in order to help us to make the transition. You can
find a lot of helpful information about the payday
loans online, but a few factors receive less attention.
Below, we will look at some of the less talked about
features of this type of loan, in the hope of enhancing
your understanding of the payday loans.

4. You will surely have noticed that the lenders
advertise their payday loans as having an extremely
high APR, sometimes as much as 4500%. On the
surface, this appears to be extremely daunting.
However, it is a little skewed. APR refers to Annual
Percentage Rate and is the amount of interest that
you would pay were the loan to be taken out over
the course of 12 months. However, the quick
payday loans are intended for short-term use –
hence their name.

6. Most people have these loans for an average of two or
three weeks. In the short term, then, they would pay
relatively little by way of interest; it is only when the
monthly costs are extrapolated into yearly costs that
the APR appears extortionate. Unfortunately, the FSA
insist that lenders advertise an APR. This is because
some people have run into difficulties by rolling the
loans over each month. Remember that these are quick
payday loans UK, and not long term loans UK. If you
need longer to meet the repayment, then you need to
look at alternative means of borrowings. If you need a
short-term loan, then the payday loans are suitable, but
you should ignore the APR and simply calculate the
costs according to how long you will take to repay the
loan.

7. Sometimes, with a loan from a high street
lender, you have to pay a fee upfront for the
privilege of borrowing the money. This is
especially true of the larger loans, such as the
mortgages. However, a payday lender will never
charge up front. Rather, they take their charge
when the loan is repaid (so on your next
payday), and it is included as part of the
repayment amount. This means that you always
know where you stand financially; and that if you
are struggling in the short-term, that they do not
add to your financial burden.

8. If you have ever applied for a loan with a high street lender,
then you will know that they will frequently ask you about
the purpose of the loan. You have to tell them if you want
to buy a car, or if you simply need to pay some bills.
Depending on the reason you are borrowing the money,
they may or may not offer you the loan.
The payday lenders are not like this, they never ask why
you need the extra money. They view the loan as part of
your personal affairs, and realise that it is not their concern
how you spend your own money. Therefore, you can spend
a payday loan in any fashion you wish. If you want to go on
a weekend away, you can, if you need it for bills, then
that’s fine. Whatever the purpose, it’s none of their
business.

9. If you would like further information about quick payday
loans, or you would like to apply for a loan, then please
visit Handy Cash.
Email: info@handycash.co.uk
Phone: 0800 652 4003
Fax: 0800 652 4005
Office Address:
116 Leavesden Road, Watford, Herts, WD24 5DL