Archive for March, 2010


How technology is changing the way we apply for loans


Thursday, March 25th, 2010

The banking system has suffered a series of catastrophic blows in recent years, but there is hope, and by offering a system of banking that takes advantage of modern technologies, finance can awaken to a new golden age, which will have profound effects on how we access our money.

It is clear that the way we deal with our finances is changing, and since nowadays most of our financial activity takes place online, it is only natural that lending services too are now able to offer ways of applying for a loan quickly and securely, either online or by text.

With 247Moneybox.com, for example, you simply need to be a registered member in order to qualify for making applications by text; or you can apply via a simple online process.


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Novel ways to handle your finances


Wednesday, March 24th, 2010

With the collapse of the banking system, it may seem that your finances are no longer in your own hands. However, in contrast to the troubles that the banking system is suffering, the modern age has truly begun to offer us greater control over our finances.

It used to be the case that to gain access to our bank accounts we would have to travel to our nearest branch, which meant considering commuting costs and convenience, not to mention the time involved. Then came the advent of telephone banking, which brought our finances more within reach and gave us a taste of what convenient banking could achieve; yet there were still some issues regarding functionality and security.

Only recently have we truly begun to experience the convenience of online banking and literally having our financial affairs at our fingertips. Online banking means we can log on to our bank account, check our balance, see exactly which payments have been made or received and on what date, see any interest payments or bank charges, make transfers and so on, without leaving our chair!

Applications for loans can also now be done online, or even via text messaging. Visit us at 247Moneybox.com for more information.


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How are payday loans most effectively utilised?


Tuesday, March 23rd, 2010

Financial security is an aspiration for all of us, but circumstances are often out of our hands. If the worst should happen, however, or if your finances just need a shot in the arm, one possible short-term solution is a payday (or emergency) loan, if used responsibly.

The first and most important issue to consider when thinking about a payday loan is, ‘Will I be able to pay it back?’. And to ensure that you will, reputable payday loan companies will only offer you fast cash loans should you be employed and earning a regular income; this is not only to protect the loan company from the borrower’s possible inability to make repayments, but it also protects the consumer from taking out a loan to solve more serious financial problems.

This is a serious point and. like any loan, payday loans should never be used as a quick fix for serious financial issues – that is, they should not be used to meet payments on other loans. In effect, payday loans should be seen as emergency loans, should your finances undergo a temporary cataclysm. Such a loan can offer a convenient way to steer you through the dense fog of unforeseen financial problems, and may provide a good temporary solution to immediate problems; they are not, however, a permanent fix for problems such as debt and bad credit.


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Payday loans - a novel industry


Thursday, March 18th, 2010

Getting a loan used to be an awkward and time-consuming process, and involved lengthy credit checks, bank visits and difficult contracts. In terms of bank loans, this process seems to be stuck in the past and getting a loan can still be a difficult endeavour.

But now a new type of lending service is available, thanks to the utilisation of modern technologies. This allows for a simpler and faster procedure for applying for a loan. Applications for payday (or emergency) loans loans can be made via the internet, which also speeds up the time needed to receive an answer. As well as the online procedure, an application can also be made via text.


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The unrivalled convenience of payday loans


Wednesday, March 10th, 2010

The modern world slows for no one, and can demand instantaneous solutions to its many problems. This is particularly true in regards to finance, and being short of money at the wrong time can land you in a serious dilemma. Luckily, however, it is also a feature of the modern age that where there is a problem there is usually a solution, and should you find yourself suddenly in need of cash, an emergency (or payday) loan may offer the right solution.

These types of loans are relatively new on the scene and they may suit your circumstances better than traditional bank loans. The main advantages are their convenience, as they can be applied for online and even by text, the application process is straightforward, the charges are clear, and you will recieve a reply to your application very quickly.

Visit www.247Moneybox.com for more information.


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Do I qualify for payday loans?


Tuesday, March 9th, 2010

If you have any experience with bank loans, you will probably be aware of the often complex criteria by which you will be assessed for a loan. This not only adds time to obtaining a loan but may also shut out  many potential loan customers. An alternative to traditional loans is the short-term loan, should you satisfy the basic criteria.

Firstly, you must be over 18; this is for legal reasons, and it is also helps to ensure the repayment will be made.

Secondly, you must be a UK resident; this is for obvious reasons in terms of security.

Thirdly, you must be employed and have a regular salary. This is to protect both the loan companies and the customer, as it ensures that the short-term loan can be repaid within the correct timescale.

Finally, you must have a UK bank account and have a valid debit card.

For more information and to see if a short-term loan may be right for you, visit www.247Moneybox.com.


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Find out about our new text loans


Thursday, March 4th, 2010

Here at www.247Moneybox.com we have recently introduced texting to the ways a returning customer can apply for a short-term loan.

So how do text loans work? Well, it’s really quite simple. You send us a text with the required information, including the amount of the loan and the date of your next payday, and then we will work to process your request as quickly as possible.

This means that even if you’re not by the computer you can still make a loan application via your mobile phone. To find out more about this new kind of loan visit us at www.247Moneybox.com.


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What to look for in a payday loan


Thursday, March 4th, 2010

Payday loans may be the right option when you need money in an emergency, or just don’t want to deal with the hassle of signing up for a bank loan. As with all financial services, however, it is important to take due care and attention before you decide to go for a payday loan. So, what exactly should you be looking for from online payday loans?

Firstly, it is important that a payday loan company doesn’t make it too easy for you to get a loan. While one of the advantages of many payday loans is the oppourtunity to get a loan regardless of credit rating, you should be wary of companies that don’t have any criteria for a loan application. The best payday loan companies will only offer you a loan if you are employed, and can pay it back.

Also, look out for the appropriate licences; we at www.247Moneybox.com, for example, carry a consumer credit licence in accordance with the Consumer Credit Act 1974, and this information is clearly visible in the ‘About Us’ section of our website. If this information isn’t clearly visible, then do some research; if a company is fraudulent then some light research would uncover this.

Finally, when you are confident of the legitimacy of any online payday loan companies, check and compare their rates. Once you feel comfortable with the company’s loan rates and licences, then consider making your application and benefiting from the convenience of this type of loan.


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The changing face of loans


Tuesday, March 2nd, 2010

Getting a loan used to be a complicated affair, and unless you fulfilled the many criteria that a bank would use to assess you, they remained for many an unobtainable luxury. Even if you were accepted, there were usually mountains of paperwork to trawl through until you eventually got your money. Recently, however, this has all changed, and with the advent of payday loans, applying for and obtaining a loan has become an easier and more convenient financial solution.

Traditionally, a bank would assess you for a loan in terms of your credit rating, which means that if you had a history of bad credit - be it arrears, county court judgements (CCJs), default or bankruptcy - then you would be refused a loan. Some would argue that this policy of refusal would shut out the very customers who could best use a loan. And, as we enter more uncertain times, it is likely that the criteria for bank loans will only become stricter, making it even more difficult for those who need loans to get access to money.

Now, however, there are alternatives, such as payday loans. Of course these have some criteria in place too, to ensure repayment of a loan, but they represent a more egalitarian financial solution that is open to all responsible borrowers, and offer a way to access cash when you need it the most.

Visit www.247Moneybox.com for more information.


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