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By: Jack Evier

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Saturday, 8-Jan-2011 17:24 Email | Share | | Bookmark
An Outline of Short Term Quid Loans

 
Short term Quid Loans are, as the name suggests, targeted at your short term needs for cash.
To give some examples, perhaps you have:
• just been told that your washing machine needs urgent repair and the person doing it wants instant payment;
• just seen that your child's coat has been torn to pieces in a playground scrap and they desperately need another;
• realised, with horror, that a loved one's birthday is only a few days away and you have forgotten to budget for a gift;
• just seen a unique opportunity to pick something up cheap - providing you pay at once.
These sorts of things might not be a trouble if you have just been paid but if payday is still some time off and all your cash is allocated, then you may need help - and very fast.
The reality of life is that many conventional loans (and their providers) are geared up to providing larger amounts of money and over longer repayment periods of time. Your request, whatever its merits, just may not feature at all in their scheme of things.
That is where short-term payday loans may be able to step in and help.
They are usually for smaller amounts of money (somewhere, perhaps, in the region of £100-£250 though more may be available in some cases). They are also designed so that you repay them in one go on your next payday.
That repayment is typically made through the loan provider placing a direct debit card transaction on your bank account for the sum borrowed plus their previously approved charges.

Read more about Quid Loans


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