Category: Loans

Cash Genie: payday and quick loans

Cash Genie is a company that offers small loans to borrowers who need a bit of extra money to get through unexpected expenses. The idea behind them is that, when life throws you a curve ball, you have somewhere to try to find the money to get through it. What they don’t do is offer long-term loan facilities; that’s the place of other organisations and, in any case, they are not the best option for this – their rates are designed for the short-term market, which means that they would be too expensive if you tried rolling the loan over for several months or years, as you’d expect a normal loan from a bank to do.

Cash Genie generally offers amounts of between £75 and £750 for a period of just one month. The cost for this is 30 percent – meaning that if you borrow £100, you would repay £130 a month later. Naturally, if you kept borrowing, this would snowball – the APR or annualised rate of interest on this basis would be 2339 percent. But the point is precisely not to keep borrowing: it’s to borrow once, when there are no other opportunities to find the money elsewhere, to get you out of trouble – and hopefully stay out of it. One comparison for looking at the interest rate is staying at a hotel. You might pay £50 or £100 for a night away somewhere, and not think too much of it (assuming the hotel was of reasonable quality). And it’s intended to be just that: a night, or a short time away. But if you think of it in annualised terms, the same stay would set you back up to £36,500 – obviously more than most people are willing to spend! In the same way, cash loans are supposed to be for a short period of time.

If you need to borrow money at short notice and can’t find it anywhere else, Cash Genie may be able to help. You’ll need to be over 18, own a debit card and earn at least £500 per month. The typical customer is in work but experiencing cash-flow problems; it makes sense for both parties that the borrower will be able to repay the money at the end of the month, since if not the company loses the money and the customer runs into further problems. Of course, you shouldn’t take on any kind of loan without careful thought first. One way of looking at it is, will the cost of not taking out the loan (in penalties, fines or lost services/earnings) be greater than the cost of the interest?

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

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

4e2202324906e

Short term loan availability for those in financial difficulty

Getting close to pay day can be a difficult business.  It often seems that more and more bills are having to be paid while the amount of money in the bank is decreasing rapidly.  For some people in this situation, the best way to make sure they can pay the bills is to find a short term loan until their next pay day.  There are a few companies which will provide you with a cash advance, and there are a few things to consider when choosing which one to opt for.  Some sited will offer instant loan approval, while others will focus on the speed of their service or their high approval rate.

These companies can be something of a minefield to the first-time borrower, so it is worth doing some careful research.  Pay day loans, or advances as they are sometimes called, are essentially a form of bridging loan to tide you over, as the name suggests, until your pay day.  Usually that is when the full loan plus interest has to be returned.  Some lenders will differ this or roll the loan over a second month, but it is advisable to be aware that the interest rate is generally quite high.  There are lenders who charge around £25 per £100 borrowed, which is worth knowing when deciding on the lender.  Pay day loan amounts usually range from £80 to £1,000; companies offering the service can generally give you an answer in minutes, and the money will be in your account in a day or two.

Pay day lenders who specialise in this do have some customer criteria, but the forms tend to be easy and not too detailed.  If you happen to have poor credit history then pay day loans may not lend to you, as they use credit reference agencies.  Generally, in order to receive a pay day loan you will need to be over 18 years old, in permanent employment and earning more than £750 per month.

This sort of short term loan can be used for anything, as long as you are happy with the repayment date.  As with any kind of cash advance though, it is vital to ask yourself ‘do I really need this?’ before you pay for your car repairs or get a new kitchen.  Sometimes the problem with instant loan approval is that it makes the lending process so quick that people are tempted to give insufficient consideration to the financial transaction they are entering into.

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

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

4de97c6f72fb1

No need for a cash genie with the following tips

Being a sensible spender is a great way to make sure you don’t run into financial difficulties and start wishing you had a Cash Genie to help you out of a tricky situation.  There is nothing quite as frustrating as spending lots of money on something and then realising that it is not quite right, or you didn’t need in the first place.  Knowing your consumer rights can help make sure you don’t lose money by keeping hold of items you no longer need.  Arming yourself with the knowledge about how returns policies work is an easy way to save money.

If you end up with a purchase that you don’t want or need, make sure you take it back as swiftly as possible.  If you return it within four weeks you can usually get a full refund as you aren’t seen as having ‘accepted’ the goods.  After that time, you can probably only really expect exchange, repair or part refund.  If six months have passed, in order to return goods you will need to show that the goods were faulty when you bought them.

Unfortunately, if an item is the wrong size, you do not actually have the legal right to return it.  Many shops will allow you to exchange an item if this is the case, but they have no obligation to do so, unless they have an official returns policy that allows returns in these situations, as that would make it a contractual condition of sale that must be obeyed.  In addition, only the person ho has paid has a right to return unwanted goods.  This right can actually be transferred if the person who makes the purchase writes on the receipt that the item is a gift.

Buying items online can be confusing in terms of knowing one’s rights. You usually have more rights when you buy things online due to distance selling regulations.  This gives a legal right to send most purchases back within a week, for a full refund, even if there is no fault.  Online sales sites can therefore become a useful cash genie when you make an unwanted purchase.

Many of us have been in the situation when we return from a shopping spree with many heavy bags and severely lighter pockets, and it can be comforting for the over-zealous shopper to know that one does not need a Cash Genie to get them out of this situation.  If you do need to return purchases, knowing your legal position should mean that you get any refunds you do need without any hassle.

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

http://www.cashgenieblog.co.uk/

4de9759b439f0