You are a salaried person and do not have any other source of income. Due to some unexpected problem, you have exhausted your salary. If you are looking for some extra cash so that you can manage till your next salary, then wage day advance is the way through which you can get what you wish for.
There is usually no paperwork, faxing, sending off documents or phone calls, as the whole procedure is online. These loans are short-term cash help for your day to day needs so that you can easily manage your budget till your next payday without any burden.
Before you apply for this cash facility you have to meet certain conditions such as:
• The applicant must be permanent citizen of the UK.
• He/she should be 18 years old or above.
• He/she must be working permanently with the basic salary of £1000 per month.
• The applicant should hold a valid bank account.
Now, once you meet these above-mentioned criteria, you can apply for the amount up to £1500. Lender allows the loan at the basis of the next paycheck of the borrowers. They have to pay back the loan at their payday. For this lender takes the postdated check from the borrower and at his payday lender withdraws the amount directly from the account.
Due to the short-term nature of the wage day advance, borrowers have to pay higher interest rates. Bad credit borrowers can apply for this facility any time just like normal borrowers. Lenders do not perform credit check and allow the loan instantly.
Before you opt for this cash facility, you must read the terms and conditions of the lenders. You can take the help of online medium to make your search easier. Online lenders are the best source to apply for this financial service because of easy availability and simple process. Online approval saves your lots of time due to no paper work and faxing hassle.