Reasons for taking out a Payday Loan in 2013
Most people rely on the mainstream lenders for unsecured loans and credit cards. But, there are consumers who need the services of the specialist payday lenders. The top ten reasons they would be looking at a short term unsecured payday loan are:
1. Emergency Access to Dosh
Itâs sometimes necessary to borrow money to pay for an unforeseen emergency, e.g. car or central heating repair. A lot of people relying on the Gimmedosh.com payday loan providers would have no other way of getting their hands on urgent dosh to pay for the emergency.
2. Short Term Unsecured Borrowing
Other than a bank overdraft or use of a credit card there are no other ways a consumer can borrow money on a short term basis other than a applying through Gimmedosh.com for a payday loan. There are consumers with a good credit record who use a Gimmedosh.com short term payday loan provider rather than their bankâs overdraft facility or their credit card(s). They can borrow for periods of 3 to 30 days.
3. Borrow up to a Â£1000
Most people with a good credit record would use their bank to either apply for an unsecured loan or request an overdraft facility. They also tend to pay for goods or services using their credit cards. Consumers with a short term need for dosh, who donât have access to the mainstream lenders, can apply through Gimmedosh.com for amounts from Â£100 to Â£1000.
4. Quick and Secure Online Application
This is another reason why people with good credit records have come to Gimmedosh.com to get the best short term payday loans. The process is simple and fast with less than a page of an application to be filled within a very safe and secure online environment.
5. Speedy Online Approval
Gimmedosh.com would let the borrower know the result of their application within minutes by email. All approved applications will require the consumerâs bank details in order progress to the fund transfer.
6. Fast Dosh Transfer
Gimmedosh.com would get the money to your nominated bank account within 24 hours, but mostly on the same day, as long as itâs a standard bank account.
7. Poor Credit Record
There have always been consumers with a poor credit rating due to financial problems in their past. The specialist short term unsecured payday lenders cater for this niche market very well and contrary to the bad press, they are providing a very good service to people who would otherwise have no access to any form of borrowing and would potentially be pushed to use the unscrupulous âloan sharksâ.
8. No Credit Check
Many short term payday lenders Gimmedosh.com recommend exclude a credit check in their application process, which is beneficial for both poor credit record borrowers and consumers with no credit history at all who want to build their credit rating.
9. Affordable Interest Rates
Many short term lenders charge very high rates for borrowing small amounts of cash, e.g. Â£30 payable for Â£100 borrowed over 30 days would equate to an equivalent APR of 2230%. These types of short term payday lenders have given every short term lender a bad name, but Gimmedosh.com has selected the best payday lenders who have lowered interest rates for payday loans, e.g. Â£20 interest in 30 days for Â£100, which equates to 690% APR.
10. Affordable and Responsible Lending
Gimmedosh.com and all the associated lenders ensure that all applicants can afford the amount they wish to borrow.