Need A Wage Day Advance

Wage Day Advance

We all have days (and weeks and months, for that matter!) where money is tight and it is hard to keep up with the expenses. When this happens and you are short of cash to pay vital bills, a wage day advance can be a real help.

A wage day advance is a very simple tool which is designed to help you out of a sticky financial situation when there is nowhere else to turn. It is an advance on your wages provided not by your employer but by a specific company designed to lend money to those in need. It is very easy to apply for a wage day advance, and there are very few criteria to fill, making this one of the best ways to borrow money in this day and age.

 

How to get a Wage Day Advance

All you need to do is have access to a computer with an internet connection, then search through the many companies offering this service. There are a growing number of wage day advance lenders, all with slightly different terms and conditions and lending agreements, so just browse through until you find one that is right for you.

 

Once you have found a company which offers the amount you want to borrow and the repayment terms that suit you, you will be asked to fill in a short application form and to undergo a credit check before funds are deposited in your account. Once approved, you can use the money straight away, making this service ideal for financial emergencies.

 

Will I be accepted for a Wage Day Advance?

Nothing in this world is certain, of course, but chances are you will be accepted. The vast majority of people will be approved for a short term loan from one of the many lending companies-and if you are rejected by one it is always worth trying another to see if they will accept your application.

There are a few boxes you must tick in order to be eligible:

-You must be over 18

-Your take home pay must be a minimum amount (Usually £500 or more a month)

-You must have a bank account

-You must be a UK resident

If you can meet these simple criteria then chances are you will be approved for a wage day advance.

 

Wage Day Advances and your credit score

You may be put off applying for a short term loan because of your past credit history or the fact that you have been refused credit by another lender-don’t be! Your credit history will be checked when you apply for a wage day advance, but even those with the poorest credit history are likely to be approved by one company or another. Because these loans are such a short term thing, most companies will offer you a chance to redeem yourself no matter what your past credit has been.

 

If you are really struggling with your low credit score, you might like to know that there are specialised wage day advance companies designed for those with a low credit rating-simply search through the lists online until you find one which is suitable.

 

If you think your credit score is beyond help, it may surprise you to know that taking out and repaying a short term loan can actually improve your financial prospects-by repaying on time you are showing that you are a responsible borrower and you will be a more attractive prospect for future loans.

 

Repaying your Wage Day Advance

This is a very important part of your wage day advance experience-if you fail to repay it then you will, as with all loan options, be landed with interest charges and may find it hard to be approved for future loans. Because of the short term nature of wage day advance loans the interest charges are very high, so if you default then you will find yourself in hot water financially. 

 

The best thing you can do is make sure that you repay your loan within the agreed time, and then you can enjoy the benefits of a short term loan without any of the disadvantages. If you are struggling then always make sure that you inform your lender-if they are aware of your difficulties then they may be able to help by freezing repayments and allowing you to simply pay the interest until you are back on track-but be warned, this is an expensive way to borrow money and you would be far better off just paying back the loan as soon as you can.

 

Wage Day Advance when you need it

You can take out a short term loan against your wages at any time and for absolutely any reason, and you won’t have to state why you need the money. Wage day advance loans are ideal for those times when there just isn’t enough money to pay vital bills-for example, when Christmas is looming and suddenly you are landed with a hefty heating bill; or when the car needs an essential repair when you are already stretched to your limits. The fact is that everyone gets into trouble with money at some point in their lives, and when all other borrowing avenues are closed it is good to know that there is help out there.

 

Wage Day Advance benefits

As well as having money available to you at your very fingertips, there are other upsides to a wage day advance.

 

-You can apply any time of day or night

 

-A decision is quick, meaning that you can sort out your finances as soon as possible

 

-There is very little admin involved; just one simple form and you’re away

 

-No paperwork, no queuing, no opening hours!

 

-Most people will be approved

 

The next time you are staring at a pile of bills in despair because the money just isn’t there to pay them, step back and take a deep breath-then get online and start searching for a wage day advance company who can help you out.

 

MiniLoanShop.co.uk

Warning:

Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Online Application

1. Apply Online

2. Online Decision

3. Loan Transferred

  • Borrow up to £1000
  • Simple on page application
  • All circumstances considered

APR Explained

Representative 277.6% APR

  • Representative Example:
  • Amount of credit: £850 for 11 months at £146.30 per month. Total repayment of £1,609.25. Interest: £759.25. Interest rate: 150% pa (fixed). 277.6% APR Representative. APR rates range from 45.3% APR to 1575% Max APR
  • Your APR rate will be based on your circumstances.
  • Rates from 45.3% APR to 1575% APR - we provide a no obligation quote; your APR will be based on your personal circumstances.