Category: Payday Loans

The True Cost of Payday Loans

Posted by admin – January 9, 2012


It’s often asked why payday loans are so expensive; with huge annual interest rates sometimes quoted, implying that rich companies are profiting at their customers’ expense.

When investigating why short term loans cost what they do, it’s worth pointing out that it’s very misleading to talk of APR in relation to these kind of loans, as the loans are made over a much shorter period of time.The annualised interest rate is easily in the triple-digit range, but these astronomical figures really bear little relation to the actual cost of the loan products.

Using the same reasoning, you could quote the price of a taxi at £15,000 per 1,000 miles, or £50,000 for a ton of oysters,…

Thrifty is the new Gifty

Posted by admin – January 11, 2011


Bob works in a super market and he has a very funny nick name, “Bob- the blunder.” He is well-known for his spending habit which he later repents for having spent on a Dog’s dinner.

Interestingly, Bob’s sister, Angie is just the opposite of Bob and it is so funny to see them shopping together. Every time Bob picks up something unnecessary, Angie simply restores it in its own place before even reaching the cash counter. No wonder she is called “Angie- the stingy.”

But what makes Angie special, is her ability to control her expense, where as Bob does not. There are many among us like Bob and some like Angie. Bobs are more of spenders, whereas Angies’ are more of savers.

What is right and wrong about this picture?

Well, being a spender is not…

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Important Tips for Winter Travellers

Posted by admin – December 21, 2010


White little pearls of snow are a treat to everyone’s eyes, but you will not be amused when they pile up everywhere especially when you are in a rush. The stunningly beautiful winter sometimes gets very hostile and depressing when the climate stops us from meeting our loved ones during Christmas.

The icy cold snow capping every road in the country seems to have bothered quite a number of people this year. Flights have been cancelled and trains are over booked and stuffed, making it impossible for anyone who is planning a last minute travel. But nothing can stop some of us from meeting our family and friends for this Christmas. So we pack our bags anyway. Rushing with our last minute travel plans might make us forget a few ‘trivial’ things which can later turn…

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4 Tricks to Switch on Christmas lights and cut down Electricity Bills

Posted by admin – December 17, 2010


Pinching cold, pure snow, picturesque lights – this would be a quick snap of a Christmassy day. Interestingly, the real fun of Christmas circles around that little green tree filled with teeny sparkles and shiny twinkles. While we sink inside the beauty of the lights, the news of the electricity bill hike comes snapping in.

Not to worry, we don’t have to switch off our favorite lights. But we do have something that will serve as a double treat this festival season. Get to know some tricks that will save some cash even with your lights on.
Apart from the fact that several electricity suppliers have announced cash back offers on power packages this winter, there are other things that we can do to save power and money without having to switch the supplier. Of course,…

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Cricket, so far clearly an ‘English’ Game

Posted by admin – December 15, 2010


Everything about the second Ashes test was memorable for the English team. On one hand, Kevin demonstrated why he is one of the best batsmen in the world and on the other, England finally silenced critics who had questioned the team’s inability to win games by huge margins.

The game clearly turned out to be very ‘English’, with Kevin Pietersen setting the tone for a one-sided encounter between arch rivals England and Australia. The rest of the team played its part too. Alastair Cook scored his second successive ‘flawless’ hundred, while Swann and Anderson had a field day grabbing wickets by the bunch as England steamrolled its opponents by an innings and 71 runs.

Cheering from the stands was the ebullient Barmy Army, celebrating every run scored off the wands of the batsman and every wicket…

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5 quick ways to make money for Christmas shopping?

Posted by admin – December 8, 2010


Shopping is a rock and roll experience, especially if your wallet is heavy. But what if there is a huge dent on your wallet, yet you have to buy gifts for friends this Christmas? There are several simple tasks that you can do to make money to buy gifts for your loved ones. Just open your eyes and look around.

Interestingly there are many jobs that require minimal time and can pay pretty decently, but unfortunately overlooked. Instead of trying to cut down essential expenses for the month, try to squeeze some time to do the ‘zip-through’ jobs. The good old jobs like babysitting, helping neighbours and mowing lawns can still work out, but we have some new ways to make some quick cash.

Top jobs in our list:

• Monetise your hobbies…

A review on falling UK house prices

Posted by admin – December 6, 2010


Consequential to the rapidly sliding economical conditions in the country, house prices are leaving footprints in the same direction. While the Bank of England announced a noticeable dip in the number of loans approved in the month of October so did the approval of mortgages in the following month.

The recent hot news of the house prices hitting a low seems to be ambiguous as the country’s two house price indices have given two different reports based on their target group. The Nationwide indices denote that the average house price has dropped to about £163,000 while the LSL Acadametrics reports that the house prices have been increasing since April 2010 and are increasingly becoming expensive.

While Nationwide lists house prices based on its mortgage customers, LSL Acadametrics lists the house prices based on cash sales as about…

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Protection from online shopping fraud and refund for faulty products

Posted by admin – December 2, 2010


Waiting for your stuff that you ordered online is actually a pleasurable pain. You do not know if that stuff is going to be as good as the image that you saw on the screen or if it is going to make you regret your choice. Whatever the repercussions be, it is fun to buy stuff online. Literally, getting stuff at the click of a button will certainly make you feel royal.

Online shopping has become so popular that the current worth of £4.8 billion online market just for grocery shopping is expected to double by 2015 to an amount of £9.5 billion, according to IMRG, an e-commerce company. Some people have become so obsessed with buying stuff online that they don’t mind taking online loans to shop.

The downside…

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