Featured Articles - Bridge FM
cash loans a great alternative to traditional credit sources
the past when people were short of money they were forced to use
traditional sources of credit such as payday loans that were inflexible
and were in favour of the lenders, but now flexibleand convenient short
are provided by online lenders. The growth of the money lending market
on the Internet has greatly benefitted the customer and now there are
plenty of cash
available that can be designed and tweaked by the customer themselves
and as a result can be tailored to directly meet individual customer’s
People who are looking to borrow money now have a fresh
and genuine alternative to traditional sources of credit and can borrow
money fromonline lenders that provide a very useful service and that
loan money in a responsible and flexible way by giving customers small,
short-term advances. This can prove to be very useful for many people
who are looking for a relatively small amount of money to tie them over
for a short period of time. The convenience that online lenders offer
is to some extent revolutionary.
A vital advantage of cash
advances to consumers that are provided via the Internet is that this
money can be acquired very quickly and fast loans
that are provided twenty four hours a day, seven days a week provide
the customer with the ultimate convenience. This is compared to payday
loans that are inherently tied to consumers’ pay cheques and can take
days to arrange due to the large amount of paperwork that has to be
completed beforehand, which is in contrast to online lending that
involves no prior paperwork whatsoever.
The flexibility offered
by online lending is second to none, as applicants can control the cost
of their ideal loan themselves before they make their decision.
Flexible pricing means that the cost of your loan is dependent on the
amount of money you wish to borrow and how long you wish to borrow it
for, with the overall costs clearly stated beforehand. Payday loans on
the other hand have a rigid loan size and length and use a fixed fees
structure that is not affected by the loan length, which wrongly
encourages people to get into greater debt for a longer period of time.
growth of online lending has now led to payday checks becoming a last
resort as little attempt is made to assess applicants’ financial
status. Whereas sites that provide online lending only lend to
appropriate people by carrying out sophisticated credit checks, and the
customers’ needs are put first, which results in customers being
discouraged to take on more debt than necessary.
offered by online lenders such as Wonga are vast and there is no
faster, easier or more reliable way to borrow money for a brief period
of time. If you are in search of money quickly then Wonga can deposit
up to £400 into your bank account a matter of minutes after your loan
application is made, and it is this convenience and the flexibility in
loans available that enables customers to keep their financial promises.