Latest research by the Bank of
England revealed that credit card interest rates have reached their highest
level over the past 9 years. The average interest rate in June 2010 was 16.9%,
a new record high since February of year 2002.
Both credit companies and banks are
highly criticized for the growth in interest rates.
The rise in interest rates while the
base rate has gone down to a record low of 0.5% has subjected credit card
companies to this criticism.
The poor customer service banks
provide are not much help either. Payday advance loans on the other hand, serve
as a convenient short term solution to financial concerns. They tend to have
very good customer service and support. Brits can get a quick response to any
financial question that is on their mind. There are online reports of high
satisfaction rates from many customers of UK payday advance loans.
The popularity of payday advance
loans in the United Kingdom is increasing as the credit card options for Brits
are narrowing down.
Latest technology allows Brits quick
access to cash. The online loan is directed straight to their bank account,
within a matter of hours from filling an online loan application.
Filling an application
Payday advance loans range between
80-750 pounds in a single loan. Applying at payday loans websites is a
convenient solution to sort out finances. The process is hassle free, involving
zero credit card check. Applying is quick, meaning that within a matter of
minutes you fill out a short application for a loan of the amount that fits
your needs. By getting up to 750 pounds by the next business day you can pay
off all your monthly bills and be able to make to pay day. Avoid seeing red in
your bank account by borrowing online. Read further about payday loans to see
which loan can best fit your personal financial needs.
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