Instant loan approval is just what it sounds like. You send an online application and, literally within minutes (often less), the site’s software provides the required credit checks and approves your request. The cash is paid into your account then and there (it can take three days for BACS to clear, but for an additional charge you can opt for immediate transfer). The cash advance is generally repayable on a short-term basis such as a month – the point behind such a short term loan being that you use it to address your immediate money issues rather than as a permanent strategy. It’s therefore quite different to the consolidation loans you’ll have seen advertised.

One of the biggest differences – other than the time frame – is the cost. You can usually borrow from £75 to £750 (so it’s not right for major debt consolidation anyway), and the fee runs to 30 percent for the month. If your maths is any good, you’ll soon realise that this is not a good long-term option, since that works out as an APR (annual rate) of about 2,330 percent a year (that is, borrow £100 and you’ll have to pay back £130 after a month but £2,330 after a year). But the company is not designed to be used this way. It’s still expensive – far more than other options that may or may not be available to you – and so you need to be careful. The benefits are firstly, that it’s instant – if you have to have the money, you can have it within minutes. Secondly, it may be suitable for people who would not qualify for other forms of loan, such as from a high street bank, or even a credit card.

One way of looking at this is to figure out whether you’ll be better off if you opt for a short term loan, and if the downsides of not taking it are more expensive. Another way is to think of a cash advance like a hotel. You pay by the night, not the year; £50 a night might be good value for a week or so, but when you think of it as £18,000 a year, you’d never stay in it! Instant loan approval is similar in that it’s never meant to be for the long term. Most important of all, however, is to ensure that you use the time it gives you to set your finances in order so that you don’t need another one.

Please visit http://www.cashgenieloans.co.uk/ for further information about this topic.

http://www.cashgenieloans.co.uk/

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Isn’t it a pain the way the summer holidays always disrupt one’s careful budgeting?  People who have been planning their finances properly all year are tempted by offers of sun-soaked beach resorts and flights to paradisical places.  When flights, hotels and spending money are all factored in, a summer holiday can double or triple our outgoings for a given month.  For those who find themselves in real difficulties, Cash Genie is here to offer short term payday loans to tide you over.  You may not end up needing this, though, if you read the following money saving suggestions from Cash Genie.

If you want to find cheap flights, timing is crucial.  Unlike package holidays, it is worth looking for flights as far in advance as possible.  Because business travellers will pay high costs at the last minute, airlines will only increase them as time goes on.  The budget airlines will tend to offer the cheapest flights, but it is important to be aware of any ‘extras’ they charge.  If you are informed about the charge for extra carry-on luggage or boarding card printing, you can avoid those little extras that can end up adding unexpected extras to your flight costs.

It may be that looking for cheap flights is not the best way to get the top deal on your holiday.  If you are going away for a week or 14 days to a popular holiday destination, then package holidays can be very cost-effective.  Package holidays bring other positives too.  The tour operator provides flights, connections and accommodation for one price, leaving you with little to worry about.  Most of the package operators are ATOL protected, so you are more likely to be protected if the company goes bust or something goes wrong.  If you do opt for a package holiday, you will find better deals if you can leave booking as late as possible, but this will deprive you of some choice.  Because tour operators have chartered the planes and reserved the hotel rooms, companies who have not sold all their holidays will need to sell them at the last minute to avoid losing money.

Hopefully, if you take this Cash Genie advice and plan your holiday carefully, you will not need an extra loan to deal with the cost of your summer holiday.  Saving money in this context is all about knowing what best meets your needs.

Please visit http://www.cashgenieblog.co.uk/ for further information about this topic.

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Cash Genie is an online lending company that holds to particular rules when it comes to deciding whether to grant applicants money or not. Their decisions are based on several straightforward principles, which means that it’s relatively easy to figure out whether your application will go through or not. Aside from that, there are a few points to remember, since what you make of the opportunity in the long term is more up to you than any number of rules and restrictions can dictate.

Informal lending can have a bad reputation – loan sharks and other dodgy lenders charging enormous rates of interest, keeping no paperwork (or hiding the paperwork from you) and ensuring that you never really know when you’re out of debt. In fact, the job of these people is not to keep you out of debt: it’s to keep you in it, always repaying interest but never fully paying off the loan. The saying is apt – you can fleece a sheep many times, but only skin it once. The best companies, on and offline, should act on the principle that they should be trying to make themselves obsolete to each customer: their service is temporary, intended to get the client through a short-term problem – not to keep them in long-term poverty through ongoing and unnecessary repayments.

That’s why Cash Genie lend only for one month. There are no hidden fees: the rates are 30 percent for the term of the loan. It might seem expensive, but that’s it. It’s a kind of one-off flat-fee, and the arrangement is supposed to end after that. The idea is to get you out of trouble and better keep you there, rather than saddling you with repayments that go on and on for years. The purpose of the loan is to give you the breathing space to look at your finances properly, understanding where you went wrong and putting some measures in place to make sure that you don’t need to keep coming back to instant loan approval companies again in the future (and, incidentally, it is almost instant – the decision is made within minutes or even seconds, everything is automatically checked, and the company uses specially designed software to make sure that you are getting the best amount of money – not more than you need, which is bad practice on both your parts, but not less either).

Please visit http://www.cashgenie.co.uk/ for further information about this topic.

http://www.cashgenie.co.uk/

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