Holidays and using instant online payday loans

It’s approaching the holiday season. Great news as that is for many, it may also mean that your finances are a little bit tight and you need some help. That’s where instant online payday loans may be useful.

Holiday preparation

In the weeks and months before the annual holiday, it’s all too easy to get caught out because you’ve underestimated some aspects of the costs.

Perhaps the family needs some new summer clothes. It may be that you’re trying to make sure you’ve got a little extra spending money – or maybe you just need a new airbed for the beach.

Whatever it is, a short-term cash injection may help you cope and have an especially good time.

Using a payday loan

The beauty of a payday loan is that it’s typically easy to apply for, fast to get hold of, if approved, and it’s paid back quickly thereby avoiding long-term debt repayment.

All you have to do is make an online application. The money could be in your bank within a few hours or a day or so at most – this depends on your payday loan company and also as to whether your bank can accept immediate transfers.

That’s why they’re sometimes called instant online payday loans.

The summer’s over

Yes, all good things come to an end and you may be wondering what happens about paying the loan back.

Typically, at the time you borrow the money you’ll agree a repayment date with the lender (often your next payday) and a full repayment amount that includes their charges (such as interest and any admin or bank transfer fees). On that day, they will typically debit your bank account with the agreed amount.

Some pay day loan providers may be able to agree a repayment date that is a little further out – perhaps your next but one payday. That may give a little extra breathing space to recover from those holiday exertions!

If you are unable to pay the loan back on the agreed date, it is typically advisable to contact the loan provider as soon as possible. They may agree to a revised payment date (additional charges may apply).

Holidays are important to most of us and are a great opportunity to recharge our batteries. Instant online payday loans may help you achieve that just that little bit more easily.

2 Replies to “Holidays and using instant online payday loans”

  1. Why consider a Visa prepaid card?

    If you are looking for all the convenience of having plastic, with the temptation to over spend and run up debt being removed, then you may wish to consider a Visa prepaid card.

    What is a prepaid Visa?

    A prepaid card carrying the Visa brand may offer the flexibility of having ‘plastic’ such as the ability to use it online or over the telephone for purchases as well as in shops and with ATMs that display the Visa acceptance mark – not just in the USA but overseas too.

    But unlike credit cards – and in some cases debit cards that have overdrafts attached to the associated bank account – you can only spend what is on the card. You cannot run up debt on it, meaning you potentially have more control over your money.

  2. How does a prepaid card work?

    Put simply, you load up the Visa prepaid card with an amount of money, and off you go. You can typically use it anywhere that you see the Visa acceptance mark – and globally. Once the money on the card has run out, you simply top it up again.

    Why may it be useful?

    Having any type of prepaid card may prove useful – subject to your own individual circumstances and needs of course. For example:

    if you are travelling, using your card may mean you don’t have to worry about finding a bureau de exchange – you can usually pay for goods and services in many places as well as withdraw local currency from many ATMs. This means that they may be ideal if you are going on holiday;
    if you have been refused a credit card or bank account previously due to a poor credit history, you may still be able to get a prepay card (and often an associated e-bank account if the provider offers one). This is because most providers will not run a full credit check, if they run one at all, so your financial history is usually not that important;
    you can give your child or children a card, providing them with a responsible way to manage their monies with potentially less security and safety issues than if they carried out cash.
    So, a Visa prepaid card may be the solution for you if you don’t want a credit or debit card but still want the freedom and flexibility that having plastic may give.

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