Representative APR of 79.5% (variable) .
Payday parrot with Wageme.com is one of the newer companies on the Internet offering affordable, short term loans to people who might otherwise struggle to borrow.
With many of the payday loans now available it is possible to borrow from £50 to £400 for up to 31 days, with the rates of interest often cheaper than bank charges for failed direct debits or bounced cheques.
Payday loans are an excellent source of help for those with less than perfect credit who need a helping hand with unexpected bills, a car breakdown or a family emergency.
Although payday loans are derided and criticised for exploiting those who have no other option, it could be argued that the rates displayed by law seem extremely high, this is the APR, (Annual Percentage Rate),and as payday loans are only expected to be taken out for a month, this is misleading and the rates or no higher than many other types of finance.
Payday loans are often most useful to those whose access to other forms of credit would otherwise be limited to doorstep lenders or loan sharks with their truly exorbitant rates of interest.
With banks tightening lending criteria, it is said that the only people now able to get credit from banks are those who don't need it!
Payday loans often have online application forms which are designed to be easy to use, and legislation ensures that the terms and conditions are written in clear print and understandable language.
Payday Parrot with Wageme.com for example, has a very easy to use online form and, as it is online, loans can be applied for at any time of the day or night, because we all know emergencies don't just happen during office hours!
Many payday loan firms often have the facility to pay back loans early with no penalties, therefore actually saving money, or to roll the loan over if necessary.
With more and more payday loan companies opening on the high street and online, it appears that for many, this is the way to manage their finances and cope with the unexpected things life throws at us from time to time.
Contact us now or just apply online: Apply Here With Wageme