While loans can be quite helpful at times, misuse of them can lead to your ruination. This is often true in case of payday loans, primarily because they employ huge annual percentage rates.
(prHWY.com) July 30, 2012 - Chelmsford, United Kingdom -- While loans can be quite helpful at times, misuse of them can lead to your ruination. This is often true in case of payday loans, primarily because they employ huge annual percentage rates. There are many sad cases where people have been forced to pay enormous sums of money in excess, because they had failed to settle the payday loan on time. Debt cycles are particularly dangerous, because getting caught in one will mean that you have to keep on obtaining new loans to repay the old debts, often under increasing interest rates. Fortunately, you will never get into such trouble with Dosh Express loans.
Getting to Know Payday Loans
In a nutshell, a payday loan is a premature 'withdrawal' of your monthly salary. By a payday loan, you agree to repay the loan amount to the lender on your next pay day, along with an interest and some additional loan processing fees. Taken together, the extra payment may exceed one-fifth of the loan amount, which is the main barrier against popularisation of payday loans. Despite this fact, researches have shown that utilisation of payday loans by population of the UK has increased by four times in just 3 years, from 2006 to 2009 in particular.
How Dosh Express Can Help You
Jurisdiction works hard to prevent usury in payday loans by establishing limits for annual percentage rates and other charges. However, such rules are no longer needed with customer-friendly schemes such as Dosh Express loans. Apart from affordability, Dosh Express loans feature different maturity periods, ranging from a few days to several weeks. So, it is quite easy to obtain a loan to match your expectations and status of income. Online support is also provided through Dosh Express, and you no longer have to waste time in visiting the loan centre in person to secure your loan.
Convenience through Friendly Service
Payday lenders are often confronted by complaints regarding aggressive collection and advertising practices. However, companies like Dosh Express make sure that the clients don't get pressurised by their own loans. Often, Dosh Express doesn't even demand the clients to provide a postdated cheque, as many companies do for securing their investment. Such client confidence can't be expected from a regular payday lender. If the loan request is placed online, necessary documents like verification of employment can be conveniently sent to the lender via fax. Granted by such an efficient and fast loan company, Dosh Express loans have won the confidence of thousands of people who have benefited from them.
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Dosh Express Loans
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