When you need fast cash before payday
If you've run out of money before payday, you're not alone. A recent survey revealed that two-thirds of us often run out of money before payday swings around.
On average, people tend to leave themselves short of cash for five days until they next get paid.
So, if you're experiencing a "payday mayday" what can you do? If possible, sit tight and try to get by, then budget very carefully the next month. However, sometimes there are essentials and expenses that just need to be paid for. Another option, although not ideal, is borrowing from friends or family, with a clear agreement of when and how they will be repaid. Alternatively, have a word with your bank about whether they will give you an overdraft or extend the one you've got until payday.
Fast Cash Loans to Avoid Bank Charges
Whatever you do, though, don't go into or over an overdraft limit without prior agreement from your bank as it could end up costing you a fortune. You could be charged up to a fiver per day on top of charges. So, if you went overdrawn by £160 for four weeks, it could cost you £150 on top of the overdraft. Payday loans are another option. To borrow the same amount of cash as above over the same period through a payday advance would cost you just £40 - £50.
Payday advances, or payday loans as they're also known, are fast cash loans designed to plug a short-term gap in cashflow. You can usually borrow up to £750 or £1000 until you next get paid. You can apply for quick loans online and in some cases the money can be in your bank the same day or within 24 hours.
The way the payday loans work is that you usually repay around an extra £25 for every £100 you borrow and the repayment will be required when you next get paid or within a month. You should do a careful budget before you take any loans out to make sure that you can comfortably afford to make the repayment.
My Cash Today provides a way for you to get fast cash. Quick loans can help you when you need to meet emergency costs or purchase something you really want or need but don't have the cash to hand. You can then pay the loan back with interest on your next payday or within 28 days!
Applying for a fast cash loan is simple, fast and all done online. There's also our customer support team on hand if you need any help through the fast loan application process. Whatever you may need a fast cash loan for, My Cash Today can help you find up to £750 and can often ensure you receive the money you're looking for within 24 hours. If you're 18 years old or over, in full time employment and have a UK bank account My Cash Today can help you find the money you need. Apply today for a loan of £80 - £750.