When you have kept aside money for emergencies, it is easy to tackle them. However, if you don’t have an emergency fund to tap on, emergencies can turn extremely stressful, and you may not know how to handle them effectively. One available option is that you can turn to payday loan lenders to get you out of these situations.
Handling emergencies effectively
Payday loans can help you handle emergencies so that you can get them out of the way and focus on living your life. They are ideal if you need to pay for urgent car repairs or an unforeseen household expense, for example.
These short-term loans are primarily meant for borrowers who want access to quick money during an emergency. With minimal paperwork, you can apply for payday loans online, and once your application is approved, the money is usually sent to your bank account on the same day. The application process is completed entirely online and you will usually get an instant decision from the lender.
As long as you are over the age of 18, a UK resident, have a regular source of monthly income and have an operational bank account with a debit card, payday loan lenders may be able to extend credit.
Finding the best payday loan lender
The internet has made it easy for borrowers to find payday loan lenders. However, this ease also means that there are unscrupulous lenders out there looking to take advantage of vulnerable borrowers. That is why it is important to compare payday loans before you apply for one.
allthelenders is the UK’s first loan comparison website for the payday loan industry. The website is authorised and regulated by the FCA and allows borrowers to compare payday loans using various criteria so that they can make an informed borrowing decision. The results are 100 per cent independent, and this gives peace of mind to borrowers.