Payday Loans Comparison-8 Great Reasons To Compare Payday Loans

15-Dec-2011 | News-Press Release

London, UK ( prsafe ) December 12, 2011 - Payday loans are an extra source of instant cash for people in need. They are very easy to obtain because the application process is quick and the lenders usually do not perform credit checks. However, anyone who is considering taking out a loan of this type should first consider attempting to compare payday loans. Taking the time out to do a payday loans comparison could save a customer time, money, and embarrassment. The following are eight great reasons to compare payday loans:

1. Difference in APR
Taking the time out to research every aspect of a payday loan with several lenders can save the customer because of the annual percentage rate. Not every payday lender charges the same amount for their loans. For this reason, it is always wise for the consumer to perform a comparison between at least three lenders.

2. Safety and Security
There are literally thousands of payday lenders scattered about in the world. Not every lender is legitimate. The consumer should never give all of his or her information to the first lender he or she comes across. Choosing a shady lender can result in loss of money and exploitation of confidential information.

3. Repayment Options
Each payday lender has its own schedule for repayment. One lender may ask the borrower to return funds in fourteen days while another may allow thirty days. The consumer should do a comparison in order to find the best fit for his or her situation.

4. Loan Limits
Some payday lenders are willing to give higher amounts of money than others are. One lender may offer a loan of £80-£750 while another lender might offer £200-£1,250.

5. Bonuses and Discounts
One never knows what is in store for the consumer as far as bonuses and discounts. Some lenders offer new customers tremendous discounts on the loans. Other lenders offer hefty bonuses for referrals and such. The only way to find the best offers is to research and compare.

6. Methods and Procedures
Some lenders require their customers to fax information in for verification. Other lenders do not. Some lenders also ask for personal references when others do not.

7. Speed of Delivery
Many people are under the assumption that all payday loans can be obtained within one hour. This is not true. A comparison will give the potential customer a better idea of how long the transfer process should take.

8. Application Process
Finally, the user should compare payday loans because every lender has a different application process. Some processes are much easier than others are. By comparing lenders, the client is allowing himself or herself to find the best possible company to do business with.

About UK Lenders Alliance
UK Lenders Alliance is a payday loans UK lender who works efficiently to help people just like you who need money now for some type of cash emergency. The service is designed to be quick and easy in times of unforeseen financial situations.
The team at UK Lenders Alliance comprises of many highly experienced, friendly advisors who understand your circumstances well.

Rest assured that the UK Lenders Alliance team will work quickly on your application so you can get money when you need money now (subject to meeting the criteria).

Press Contact:
Jackie Bourke

Address:
SVS House
Oliver Grove
London SE25 6EJ
United Kingdom
Phone: 0207 099 6158
Website: http://www.uklendersalliance.co.uk/
E-mail: uklendersalliance@cwa-europe.com

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