Tag: online 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,…

Credit cards or Payday loans?

Posted by admin – October 20, 2010


Too fast, too furious. That’s the lifestyle of today. Everything has to be fast or it is not liked. Instant food, instant message, instant love, instant everything. Incidentally, money tops the ‘instant chart’. Getting things done on time is not just a requirement but a demand. And nothing gets done without money which makes instant cash, a heavy demand.

Credit cards are the default ‘celebrities of instant cash’ and using credit cards have become so common these days and so is getting into debt. It is hard to resist credit cards especially because of the ‘not from my pocket’ feeling that you associate with them . But the fact is, every time we use credit cards, we are actually adding interest to the money we spend using the card and in turn making our creditors happy. Everyone…

Online Loans Come To Your Aid When Inflation In The EU Hits A 20 Month High

Posted by admin – August 21, 2010


In the 27 EU nations, costs went up 2.1% in July, which is higher than the rise of 1.9% in June, as reported by BBC News (http://www.bbc.co.uk/news/business-10985708). The annual inflation has been the highest since November 2008.  The inflation figures are rising due to the increase in fuel costs, tobacco and alcohol. Although on a month-to-month basis, prices in the wider EU fell 0.2%, the rise in inflation in Eurozone is disturbing.

When it becomes difficult to manage living costs due to such fluctuations of the economy, our monthly budget tends to get out of hand. Costs keep rising, and income does not. These are tough times to get by, and this is when you might get caught up in a cash emergency. If that is the case, then you shouldn’t worry, since you can…

Borrow From Yourself Using Payday Loans

Posted by admin – July 22, 2010


Since our childhood we are taught by our responsible parents to save. Most of us would have received a piggy bank as a birthday gift when we were young. We would have also been introduced to the idea of saving one penny at a time. At some point in your life you would have also chalked out a ‘things to do’ list. A list of ‘things to do’ usually tells you what tasks you have lined up for the day, and what comes next. If you have ever maintained a ‘things to do’ list then you would know that after a while, the tasks on the day’s list get postponed to the next day, and the next day, and so on, while the length of the list keeps increasing.

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