No Denial Risk Loan
I am in the throes of denial. No, I am not denying rumours or gossip – I am not a Hollywood celebrity. What I am talking about is denial in terms of finances. Just about two weeks ago, I decided to apply for another credit card from one of the biggest credit card companies in the UK. My rationale was to stop using my existing card until I pay off a hefty amount of the balance. However, I need another credit card in case I find the need for one. I was not even looking for a high credit limit. Just one that I could use for small purchases. Yesterday, when I followed up on my application, I heard that dreaded word: declined. Declined, denied, disapproved – you can put it any way you want, it still irks the heck out of me. I know I do not have a perfect credit rating but I am pretty sure that I am doing all right. In any case, the representative smugly informed me that I could apply again in 3 months but would not disclose the reason for the denial. Whatever!
So, instead of applying for another credit card – I really do not wish to hear that “d” word yet again, I think that I shall look at other options instead. Indeed, perhaps handy cash would be better anyway. That is why I am going the route of the “no denial risk” loan – the payday loan.
There are countless sources of payday loans in the UK today. Better yet, most of these payday loan providers operate online, making it easy and convenient for anyone to apply for any of their products. A payday loan is a short term loan which allows a person to borrow money for a relatively short period of time, with minimal requirements.
How does one qualify for a payday loan? There are generally 4 requirements that all payday loan lenders ask from their customers. These are as follows.
One, you have to be a resident or a citizen of the United Kingdom.
Two, you have to be at least 18 years old.
Three, you have to have a current bank account. This is necessary due to the fact that payday loan lenders operate online and carry out their transactions electronically. The money that they will be giving to you will thus be transferred via electronic means straight to your bank account.
Four, you have to have a regular source of income. This is the crux of the matter, really. While credit card companies take a look at your credit history before approving an application, payday loan lenders merely take a look at the money that comes in on a regular basis. If you have a job or you run your own business, you just have to show the payday loan lender the amount that you have coming in regularly and they will approve your application for a payday loan. Practically everyone is approved for a payday loan, hence the “no denial risk” tag.
