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Archive for the ‘payday loans’ Category

Payday loans: fast, efficient and paid off painlessly

Sunday, September 5th, 2010

If your finding that it is becoming increasingly difficult to get to payday without becoming overdrawn than it might be time you came and spoke to us about taking out a payday loan. A payday loan is a very short term loan designed usually for about 26 days, basically as an emergency cash injection to tide you over till the next paycheque can come in. The idea behind the payday loan is to give you cash as quick as possible so you can cover all your urgent expenses. What about if you have a bad credit rating? Well this shouldn’t be a problem either, we can offer people £50 to £800, and as long as you have a regular income then you won’t have any problems.

People choose our service because they are more confident that they will have a jobquick in 30 days time rather than taking out a bank loan which will force them to pay off for the next five years, who knows where you’ll be in five years and more importantly whether you will have a job by then.

So if you want a loan that you know you will be confident in paying off then come speak to us here at 24/7 Moneybox.com. We can offer you the chance to get the money you need to cover your debts until your next paycheque.

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Tags: bank loans, pay check, pay cheque, payday loans
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Capping loan interest rates will hurt consumers

Sunday, August 29th, 2010

The OFT decided against capping interest rates in the payday loan industry back in June, as stated in the Guardian. This met with a lot of criticism, in particular people have argued that the high levels of interest are exploitative, and that they prey on people who are susceptible to accumulating debt. However, we feel that this criticism is unfounded and argue that this industry offers a very popular and above board service regulated by the FSA.

The OFT has said that the market works ‘reasonably well’, this means that the price of the service we offer has a reasonable reflection to the cost of the product we offer. We offer short term loans therefore you are paying for convenience and speed of service, as well as the risk we have to underwrite for not doing extensive checks into your personal details.

An unreasonable market, on the other hand, would assume that the prices are unfairly inflated above what they cost and that a few companies receive a disproportionate amount of profit. An unreasonable market would have an oligopoly or monopolistic structure (where only a few companies dominate the market), and there would be obstacles to new companies joining the market and sharing the profit. However, if you read these articles from the Guardian or BBC News the payday loan market has swelled with new competitors and new customers.

Does this sound like a market which allows companies to charge exploitative prices/interest rates? I think not. In fact how exploitative are the interest rates we offer? Well many people are put off with numbers like 2500% APR, these seem high but the fact is that they are Annualized interest rates, therefore designed to compare loans which extend over a year, we offer loans for up to 31 days therefore APR inflates our rates.

If you freeze the price mechanism that companies compete on then they will have to find another way to generate revenue to break even, this will come in the form of excessive late charges, administrative fees and other hidden costs. Who will be the people who lose out? The people who apparently are more susceptible to becoming indebted. Therefore interest rates will keep costs clear to the consumer, and by keeping a ludicrously inflated APR rate as a measure, this should deter anyone who is bad with borrowing.

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Tags: APR, Interest rates, payday loans, recession
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24/7 quicker than the bank (and probably less wet too!)

Thursday, August 26th, 2010

Are you finding its increasingly difficult to find any money to do the things you want to do? Well then it might be time you considered getting a payady loan from us here at 24/7 Moneybox. We offer you the chance to get cash fast and without the hassle a bank loan would offer you. Our loans are designed to be quick and easy, and when it comes to paying off your next paycheque will clear the debt instantly allowing you to relax!

Compare this to a regular bank loan. First think about having to go out and walk down to the bank, waiting in line to be served by someone who will make you fill in a mountain of paper work. Then think about all the hassle about getting your loan, and the whole procedure ou have to go through to pay it off. Now think of 24/7 Moneybox. We can get you money fast, simply log on to our website at 247moneybox.com and fill in an application form, this shouldn’t take you more than 5 minutes. Then we’ll give you a call at a time most convenient to you and ask you a few questions. This shouldn’t take long. When we’ve got what we need we can send you the money. This should be in your bank account within the next couple of days. So there you go! The money you need without even having to risk getting wet in this terrible summer of ours!

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Tags: bank loans, fast money, payday loans
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Growth of the payday loan industry explained

Wednesday, August 18th, 2010

Many broadsheets have noticed the growth in the payday loan market. In general it is reported that the number of payday loans being offered quadrupled since 1996. 1.2m people are borrowing a total of £1.2bn altogether. Most journalists have obviously pointed out the risk and danger of borrowing, constantly referring to the idea that everyone struggles to payback and that the industry takes advantage of people who struggle to be prudent pushing them into a ‘debt cycle’. In particular highlighting the high rate of APR that payday loans involve.

However, people seem don’t seem to understand that this is an emergency service. We offer loans on a very short term basis. They are usually used to ensure that people don’t become overdrawn, or late on utlity bills. The short term nature of duration of our loans (usually lasting around 20 days) distorts the APR, an annualised rate, which inflates the our loans making them seem exploitative. The market, as has been illustrated above, is swelling up with new competitors suggesting that the market is working relatively freely. Therefore if companies here have been able to survive charging such high interest rates then surely this suggests a situation close to the natural free market price. Therefore interest rates are this high because they have to be to cover costs and risk, rather than to extract profit.

We offer the chance to get money fast. We do not hide any details, the process is simple if you want a short term loan paid off by your next paycheque simply come talk to us at 247Moneybox.com. We can give you the chance to get instant cash by first filling out an online application form. So if you are in dire need of money then don’t delay get a payday loan today.

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Mind over matter to beat the heat

Thursday, July 22nd, 2010

Wow it’s swelteringly hot in London this week, but if its your finances which are getting you hot under the collar, and not the lovely weather, then it might be time you took out a payday loan from us here at 24/7 Moneybox. Today we’re sticking to our seats in the office so we thought that if we wrote a blog about icebergs, snow and blizzards we might actually get some work done. So how about a list of some really ‘cool’ things. Chillax!

1.Coldest planet in the solar system? Neptune Well following a DSQ from Pluto being relegated from planetery status, Neptune stands at a chilly -218 Degrees Farenheit.

2.% of an iceberg visible? Commonly between 1/17th to 1/10th.

3.Best suit to keep you cool? Aim for a charcoal colour, and a mixture of linen and artificial fibre. Although an Armani suit looks good whenever, the sauna look isn’t great. Nothing beats a birthday suit though.

Need to cool your finances off a bit? Then talk to us here at 24/7 moneybox and get a fast and efficient cash advance loan to cover your expenses till the next pay cheque comes in. Simply find us at www.247moneybox.com and start your online application today and in the next few days you will be able to relax and top up the tan knowing your covered till your next pay cheque.

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Tags: armani suit, summer heat, weather
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Financial stress doesn’t mean an end to that hot summer body!

Sunday, June 13th, 2010

24/7 Moneybox is the ideal solution for those times when your next pay cheque is taking too long. We can offer you a tailored loan solution which will help you get by until you can the cash to build a new prudent financial plan. Over the next couple of days these articles will highlight some of the ways that you can deal with the psychological stress of financial difficulty. Today we will look at the importance of exercise in reducing stress, and have taken a few tips off the popular personal training websites, however, nothing too complex! We tailor loan solutions not physiques.

The best way to benefit from exercise is through cardiovascular or CV exercise. CV is often cited for releasing endorphins which reduce stress. This will make life easier during financial difficulty. CV is also great because it does not require you to join an expensive gym, simply go for a jog around your neighbourhood, try and keep you heart rate up, this will ensure that your really giving your heart a good workout.

Gym memberships are expensive, in many cases they are fixed for a period of time making them hard to cancel. When your in financial difficulty then a gym membership should be one of the first things you cancel, as they can be deemed a luxury rather than a necessity. But don’t worry you can still get your workout at home! Go to gym and workout websites to find strengths exercises which you can do at home. These usually included body weight exercises, for example push-ups, body weighted squats and lunges.

So make sure you keep up exercising whilst your in financial difficulty, as it has been proven to keep your stress levels down and most importantly keep you healthy. <!– @page { size: 21cm 29.7cm; margin: 2cm } P { margin-bottom: 0.21cm } –>

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Where to use a 24-7 Moneybox loan: a case study

Thursday, June 10th, 2010

Imagine you are in financial difficulty, you are close to becoming overdrawn as you have little in your current account. Now imagine that your next pay cheque is not going to come in for a while and you need to pay some of your bills. What should you do? Well lets add some numbers to it to show the best option, say the bill is £100. Paying the bill and becoming overdrawn, however, will cost you a £90 penalty fee.

This is where 24-7 Moneybox comes in, we can offer you the chance to get cash quick to cover all those immediate expenses. Although there is a high interest rate attached to the loan, this is the cost of getting cash fast, think of it as emergency cash and you are paying for the convenience of having quick cash. At 24-7 Moneybox a £100 loan will require you to payback £125 when your next pay cheque comes in. Although getting the loan will cost you £25, this beats facing the £90 fee from becoming overdrawn in your current account.

So if your in a situation similar to this or, just need cash fast then do not hesitate to contact us here at 24-7 Moneybox. We can tailor a loan solution to meet your needs simply go to our website at 247moneybox.com, here simply spend 5 minutes filling in one of our forms and you’ll be one step closer to getting the cash you need to cover your before payday.

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Tags: APR, online payday loan
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What can I do to ease stress when I am in financial difficulty?

Wednesday, June 9th, 2010

It is important to be relaxed when dealing with financial difficulty. This article will highlight some ways that you will be able to keep cool and cover your financial costs until the next pay cheque comes in. Overall you will want to take out a cash advance loan from us here at 24/7 Moneybox first in order to cover those major economic difficulties. However, even with this financial life -line, the experience can be stressful. Therefore here are some tips that could allow you to keep your cool.

First of all sort your breathing out at times when you are really struggling under the pressure of extreme financial pressure. Take deep slow breaths, this will slow your heart rate and ease the burden of financial difficulty off your shoulders.

Second, it is important to realise what is realistic for you to do. Nobody is perfect, everyone makes mistakes. Therefore be sure not to be so hard on yourself, and this will ease your stress load.

Thirdly, find time to exercise. Exercise will clear your mind and free up some of your thoughts allowing you to re-think what is stressing you out and whether they are worthy of the aggrevation they are causing you.

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Tags: exercise, Relaxation, saving money
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How can I use a cash advance loan from 24/7 Moneybox to clear my outstanding financial difficulties?

Sunday, June 6th, 2010

The cash advance loan from 24/7 Moneybox is designed as a short term loan solution to financial difficulty. When you have outstanding debts and financial payments that need to be paid off urgently. The payday loan is not designed as a long term solution, a well structured prudent financial plan is needed, however, in order to have the time and opportunity to build a plan then a short term loan solution is needed. The loan itself is taken out and then when your next pay cheque arrives it goes towards paying off the loan and interest payment.

In order to take out the loan all you need to do is get onto out website at 247moneybox.com. Here you can apply online, for this application form you will need the following bits of information; first of all we need your name, address, date of birth and phone number. Then after this we will give you a call to discuss some more of your application form. Here we want to ensure you are who you say you are, then if you really want a payday loan and finally if you are going to be able to pay off the loan comfortably when your next pay cheque comes in.

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Tags: no credit check, payday loans, text loans
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Struggling with credit problems? 24-7 Moneybox could be the solution

Wednesday, June 2nd, 2010

Often financial difficulties can be a psychological problem as much as a physical one, people can feel that they are constantly tied up and constrained from acting like themselves and enjoying life. This article will highlight some ways to relax and get your head straight so you can get yourself financially free.

First of all start small and stay focused, try and reach out to friends and build stable relationships with people, your friends are very important and can get you back to feeling normal again.

Second: take care of yourself, eat well, exercise and try to relax. Exercise and healthy eating will help release endorphins and will make you more focussed and determined.

Third: think positively, and stop being hard on yourself. In particular build up relationships with positive people who will help build up your self-confidence and self-esteem.

These tips will help reduce the burden of financial depression, while you are doing this go ahead and actually reduce financial difficulty by talking to us here at 24/7 Moneybox. Our payday loans will allow you to cover the costs and problems you may be facing in the run up to your next paycheque.

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