Every now and again, an unexpected expense hits us – maybe the car fails its MOT, the house floods due to a pipe bursting, or a routine dentist appointment turns into a root canal and three fillings. Whatever it is, these unexpected expenses can send even the best of us into a panic as we try to figure out how to cover the costs, even if we are careful spenders!

Luckily, payday loans can provide a lifeline to those in emergency situations who are either low on cash or between pay checks. They are quick, easy to apply for, and can help you spread the cost of an unexpected bill over a longer period of time.

However, here at Uncle Buck, we believe that this option should be used responsibly and only where absolutely necessary; which is why we’ve created our new eBook – ‘9 things to consider before applying for a payday loan’.

In our eBook, we provide advice and guidance on the steps you should take  before applying for a payday loan.

Do your homework

As there are various types of loans available – all of which use different terminology – it’s essential that you do your homework before applying for a payday loan and that you understand the terms used. Understanding these aspects will help you to make a more informed decision on what finance option you choose. In the first part of our eBook, we address the things you should look out for when evaluating finance options and lenders and help you to understand the terminology used.

Direct lender or broker?

Also, what are the pros and cons of going directly to a lender or using a broker? Using a broker can – potentially – have more of an impact on your credit score as they may approach several different lenders, so it’s best to ensure you are thoroughly educated on which option is best before you begin looking. Another factor to consider is customer service. What if you have queries or problems that you need resolved? What if you have a change in circumstances that needs to be addressed quickly? In the second part of our eBook, we take a look at direct lenders vs brokers and the importance of quality customer service and customer support that is available when you need it.

Understanding the application process

In the last part of our eBook, we explore the ins and outs of the vetting and application process, including what you can do to improve the chances of your application being approved, as well as highlighting the risks and benefits of payday loans. Borrowing is not a decision that should be taken lightly, therefore it’s important to understand what situations payday loans are most suitable for and why honesty is extremely important during the application process.

Our eBook will provide you with an honest, helpful guide to payday loans, enabling you to make an informed decision. To download your copy today, simply click the link below:

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