| With the onset of the recession and the credit | | | | £80 to £750 on a short term basis |
| crunch, instant decision loans have grown in | | | | of about two to four weeks where you will repay |
| popularity especially in the UK with many people | | | | your loan and interest at the end of your agreed |
| applying for them to bridge cash flow problems | | | | loan date. |
| between pay days. | | | | Now, one of the negatives of these types of |
| On the face of it, these types of loans can seem | | | | loans is the amount of interest that is charged. A |
| like the ultimate solution if you are facing cash | | | | lender will generally charge about £25 per |
| flow problems as you can apply for one online and | | | | every £100 that you borrow which works |
| get a decision in around two minutes with the | | | | out to be an interest rate of around 1,200% APR |
| funds being deposited to your account the very | | | | which is very high. So these loans are not cheap. |
| same day. | | | | However, if you have cash flow problems and |
| But, are they really the best solutions for cash | | | | you have a good solid income then a quick cash |
| short consumers looking to get hold of some | | | | loan could be a good solution for you if you have |
| quick cash? We are going to look at these loans in | | | | cash flow problems and need cash quickly. My |
| more detail and see if they really are right for | | | | advice would be to research all of the available |
| you. | | | | lenders, only borrow what you can afford to pay |
| There are many lenders in the UK that will offer | | | | back and apply for a loan with a lender that |
| instant decision loans so there is lots of choice to | | | | offers you the best deal. |
| choose from. Most lenders will lend between | | | | |