Due to the rise in sudden monetary emergencies because of the worlds current business mess, payday loans are becoming more and more popular in the United Kingdom.
While it's a fact they are charging extremely high rates of interes it is not impossible to get the price down from the regular rate. This is particularly true if you can visit one of the money shops that are popping up in cities and towns across the UK.
Tip 1 - Window Shop
Perform a search for independent reviews of the loan company you are thinking about using. For instance, if you believe QuickQuid is the right pay day company for you then search for 'QuickQuid review ' and see what others are writing about them.
Tip 2 Promo Codes
Many payday loan shops will publicize their offers in local papers. There, free cut out promotions are given out entitling you to lower rates. If you are interested in getting a payday loan, you have to keep a very enthusiastic eye out for these promo codes.
Tip 3 Negotiate
Negotiation always has a positive result especially when it comes to payday loans. This applies most particularly when you are planning to get a long term loan that will take you some time to pay. When you visit a payday loan company or store, you can negotiate the price of the interest or charge with the people responsible. Request to speak to the owner and talk to him if the staff aren't helping.
Tip 4 Improvise
Consider a logbook loan instead if you have got a car or motorbike. Try your boss for a sub until pay day - it's not in their interest to have staff in debt and panicking about debtors. Another possibility is to use a pawnbroker as the charges are far less than other emergency cash lenders and there are no repayment plans to stress about.
While it's a fact they are charging extremely high rates of interes it is not impossible to get the price down from the regular rate. This is particularly true if you can visit one of the money shops that are popping up in cities and towns across the UK.
Tip 1 - Window Shop
Perform a search for independent reviews of the loan company you are thinking about using. For instance, if you believe QuickQuid is the right pay day company for you then search for 'QuickQuid review ' and see what others are writing about them.
Tip 2 Promo Codes
Many payday loan shops will publicize their offers in local papers. There, free cut out promotions are given out entitling you to lower rates. If you are interested in getting a payday loan, you have to keep a very enthusiastic eye out for these promo codes.
Tip 3 Negotiate
Negotiation always has a positive result especially when it comes to payday loans. This applies most particularly when you are planning to get a long term loan that will take you some time to pay. When you visit a payday loan company or store, you can negotiate the price of the interest or charge with the people responsible. Request to speak to the owner and talk to him if the staff aren't helping.
Tip 4 Improvise
Consider a logbook loan instead if you have got a car or motorbike. Try your boss for a sub until pay day - it's not in their interest to have staff in debt and panicking about debtors. Another possibility is to use a pawnbroker as the charges are far less than other emergency cash lenders and there are no repayment plans to stress about.
About the Author:
Anthony Killey is a finance consultant and writes reports and reviews on numerous pay day companies including Wonga and Payday Bank on his blog.
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