Umbrella Loans Says Payday Lending Can Help When Best Laid Plans Go Awry

Sept. 21, 2012 - PRLog -- Everyone knows how it feels, when the unexpected happens such as your car breaks down or the boiler stops working just as the cold weather arrives and all you’re faced with is a large repair bill to cover. In these unstable financial times not everyone has room in the monthly budget or the savings available to cover these unexpected bills when they happen – and that’s where payday loans can help you make ends meet.

In the past, borrowing cash has often meant applying for large amounts of money with long repayment terms attached. Both of which are unnecessary when you simply need to borrow £100 or less, to ensure your car gets the new parts it needs or to get that boiler up and running again. Responsible lender Umbrella Loans says a payday loan allows you to borrow a smaller amount, usually between £100 and £500 and gives you access to the money quickly and easily without a lengthy application process or drawn out repayment plan.

The idea of a payday loan is to help you make your money stretch until your next payday, allowing you to cover your usual monthly commitments as well as the unexpected bills or costs. The application process is simple, asking that you be over 18, a UK resident with a UK bank account and debit card and that you have the means to pay back the amount borrowed, usually within 30 days. Once approved, the money you need can be with you instantly; often within 30 minutes and is yours to spend as you see fit.

The team at Umbrella Loans stress that, like any financial product, you choose a responsible lender and read the fine print on your payday loan before making a commitment. Payday loans should be used as emergency cash loans only and not relied upon as a way of making ends meet each month. Used sensibly, payday loans could help you out of an unexpected financial situation and give you and your finances room to breathe.

To learn more about how a payday loan might help you, visit http://www.umbrellaloans.co.uk/payday-loans today.