Do payday lenders call my employer?

When you apply for a payday loan with us your employer is not part of the application process, our lenders will not call or contact them for any reason. This is our assurance to you.

As a trusted and licensed UK payday loans website we value our clients’ privacy close to our own. For no reason will anyone contact your employer regarding your loan application. We understand clients’ concerns regarding this and because of that guarantee that this will never happen.

Unexpected events got you here

Unexpected expenses happen. Cars break down, kids get sick, work gets missed, it happens to everyone. You aren’t a failure for considering a cash loan, you’re dealing with your real life circumstances. With the competitive atmosphere of the Internet, you can quickly, quietly, and affordably obtain loans online. Getting one isn’t going to solve your financial problems, pay your rent, or eliminate your credit card debt, but it will save you from disaster in the short term.

If unexpected things happen, we can quickly organise a loan for you and the money be in your bank account the same day, avoiding service interruption charges, late fees, missing work, or other potential sources of financial disasters.

Use Carefully, Avoid the Trap

Critics point to the costs of cash advances, but ignore the benefits to people in the real world. If you have 3 bills totaling £500 that you would be late on, you might save over £100 in fees by getting an online advance, making the £50 service fee seem reasonable. If you would be without a car until you pay the bill, getting an advance might help you avoid missing three days of work, missed time that would cost far more than the payday loan would. However, if you find that every payday you are getting an advance, you probably need to look at your family’s budget to get things under control. After all, keeping £500 in a savings account earning interest is much cheaper than paying a service fee every time you come up a bit short.

It’s ironic that the people in the most need of money end up falling prey to scams and fees that tragically reduce their credit and financial prowess even further!

A cash advance is relatively easy to get and yet the APR and fees are extraordinarily high! The APR or interest rate on a same day loan can be as high as 500% to 1500%. If you miss a payment or you’re unable to pay it all back quickly you can be paying through the nose for a loan. We recommend that if you need funds immediately that you visit every possible solution before committing yourself to this kind of financial help.

Only use licensed and registered websites for short-term credit

If you need cash, don’t get an advance right away. Consider other options for loans:

• A friend or family member
• Pulling weeds in your neighborhood for extra money
• Using your credit card
• Selling your blood or plasma
• Just waiting for your paycheque

There really isn’t any good reason to get a cash advance unless there are no other options and it is a true emergency. We believe it’s OK to get a loan if you need money for:

• Doctor’s
• Past due rent
• Utilities that might be turned off
• Sick / funeral travel
• You are really hungry
• Broken vehicle that’s needed for work

Of course, if you use the service because of one or more of the circumstances above, then you have run out of options and you just can’t quibble about the amount of money you are wasting or worry about the risk of paying even more in fees. However, keep in mind that obtaining a this form of credit and not paying it back can seriously harm your credit score and prevent you from recovering financially or even from obtaining another payday loan. Think carefully before you commit yourself or you may regret it for months to come. Hundreds of Brits just like you have fallen prey to unscrupulous loan lenders.

Some hard truths

• They’re not cheap! All credit, even the fancy new online advances charge you a fee plus interest. And if you don’t pay back within four-weeks, well, there’s more fees in that case.
• You have to settle down! The lenders need to see that you have been working for at least 3-months steady. And for some of us wanderers that just isn’t an option!
• You need a bank account! If you got one, great! But, if you are too paranoid or non-committal to put your money in the bank, then you can just forget about the online loan service.

Even if you do have the job and bank account stuff covered, well they’re probably going get you with all the fees they charge. Turns out that only about 1% of the people who take these out actually pay them off in four-weeks, that means that you got a good chance too of getting caught in a web. Hooray!

Hooray? Why would you be happy about falling into the debts and dangers of online lenders? Well, maybe you’re a little like me, live life on the wild side. you find a can of beans, it don’t matter where it come from or what’s growing inside – that’s dinner! Out here on the road you just have to take what you can get, even if you know things can only get worse.

Confidential processing

The road can be exhausting day in and day out. You never know for sure what will happen next. Things always pop up out of nowhere and set you back a bit. But the worst thing about being on the road is finding a place to stay when all the doors seem to be slamming in your face – broken nose and all.

We understand this and make our loans as easy to understand as possible. The loan application you submit will be reviewed and processed in a confidential manner and employers have never been part of the screening process. This means that we never call or contact borrowers jobs or employment.

This service can often times make the best of crashpads. But don’t be surprised when the lenders ask for payment the month after. In fact, plan on absolutely paying back your online advance on time or you will be sure to suffer more in the future.

Your employer is not part of your loan, however, this does not mean that we do not check your employment. Your employment is confirmed using a background check. Lenders do this check to verify the details you provide.

For those worried about their employers finding out about them using a payday loan, this is a fruitless task. Unless they are privy to your bank statements and personal emails, there is no way they would find out.

Acting fast

When there are no more notes left in the federal reserves, you need to do something fast. Many of us have very few options for quick cash. With our backs up against the wall, the same day loan industry has grown exponentially. They offer a service to people who they know have no other choice left in times of need. And as the old adage goes, Beggars can’t be choosers. So they charge outrageous fees and interest rates for the service . Why? Because they can. Their customers have empty wallets and no other door that will open for them, and in these circles of the financially disenfranchised the online advance reigns supreme.

People are notorious for making poor decisions when under a lot of pressure. The payday industry takes full advantage of this fact. They charge 15-30% for every £100 that you borrow. Plus many will also charge a fee on also. They will all give only a short amount of time to pay it off and if you don’t more fees await you.

When you are need of cash you are most likely in a pretty vulnerable position. So you need to be especially careful and keep your eyes peeled for predators. Your best defense against them is to be well-informed and that’s what we’re here for. We don’t want you to be ravaged by loan sharks and left in the desert with vultures circling overhead. And there’s no need to be if you take our advice.

Advice about loans

We all have been known to get into quite a pinch every now and again, but I found that if any of the following are available to you- snatch them up. They’re cheaper in the long run than a payday loan.

• Take out an advance from a credit card. You will get charged a fee for this, but that plus the APR on the credit card will be cheaper than those on a short term cash loan.
• Negotiate repayment plans. You don’t necessarily have to go by the plan determined by your creditors. Taking the time to talk to them can really pay off and might erase the need to even take out loans. They might even waive some of the past due fees. When they know that you are making a genuine attempt to pay them, they will be more willing to cooperate.
• Ask your employer for an advance. Its basically a cash advance you don’t ever have to pay for. As long as it is not a common occurrence, many employers will understand if you need to get your wages a little early. This, of course will come with no hidden fees.
• Plan in advance. At some point you’ll have to start planning for that dreaded future- why not now? Tuck a few quid away into a savings account. Then the next time you are in a financial bind you don’t have to ask anyone else for a loan because you got it covered!
• Take out an unsecured line of credit. This might be the hardest to come by in a crunch. You will need to go into a bank or credit union and will have to provide them with some kind of collateral. But you will not be charged fees or APR even close to those with a loan.

Any of these options would be so much better for you. Don’t beat yourself up if you do not have any other choice but to take out loans though. That is precisely what they are there for, that and to make money off of you if you fail to pay on time. Just be responsible and you won’t get yourself into more debt then you bargained for. In fact, do not take out a loan if you think you may be unable to pay it back immediately.

Qualifying for a payday loan

As you know, anything can happen when you’re on the road. Things seldom go as planned and you have to be a quick- thinker to get out of a bind. Not knowing where your next meal is coming from will be a common dilemma.

Often during your journey it is necessary to take a few jaunts off the beaten path in order to make a few quid. You need to be creative about ways to stretch out that cheque – but it will only stretch so far before it snaps back and smacks you in the face.

Obtaining an advance on your wages has been made ridiculously simple. There are many, and not just us hobos, who cannot always wait until payday. We have places to go, people to meet, and bills to be paid. A number of offices that offer advance loans can be found all along the roads. Just stop in and give them the information they require and you’ll have your cash in no time flat. If you are more of a cyber-bum, well it’s even easier to apply.

Here’s what you’ll need in your knapsack

Getting an advance is simple, but there are a few basic requirements. I mean they’re not just going to hand it to you!

• Be at least 18 years old. All of you runaways should just cut your losses and head back to mom and dad.
• Have a UK bank account. This might be the most difficult for some of us who are really trying to steer clear of the man, but especially for an online advance, this is going to be necessary.
• Have a job for the last 3-6 months. Listen, they need to have some kind of collateral in order to take such a high risk!
• A UK mobile number. This is necessary so that you are traceable and can’t vanish on us.

That’s about all that taking out a loan entails. Your employer is not part of the equation and does not need to be consulted, whether it be a payday loan or on whether you breathe outside of work or not. It simply is not their concern.

The worst part of the deal is that, of course, your advance will have to be paid back, probably within a month. But you have zero to worry about with your employer. This is a personal financial transaction, totally separate from your professional commitments.

As a wanderer, you might not like the town you’re holed up in right now, but if you took out an online loan you’re going to have to stick it out until the next cheque comes in.