BIND 10 #1817: Easy Payday Loans

[BIND 10 Development]

#1817: Easy Payday Loans
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                   Reporter:         |                  Type:  defect
  payday-loans27                     |              Priority:  medium
                     Status:  new    |             Component:  Unclassified
                  Milestone:  New    |             Sensitive:  0
  Tasks                              |           Sub-Project:  DNS
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 The past a couple of years has become a 2010 really difficult time for
 some in the UK loans industry with major lenders and brokers losing sight
 of business, making loans really quite difficult for getting your hands
 on. This is actually the case for many different types of loans, the UK
 [http://paydayloan24.co.uk/ payday loans] industry has increased in
 popularity quite significantly. Last year 1.2 billion pounds was borrowed
 by UK consumers by using payday loans, and however the numbers haven't
 been released for 2010 it really is thought that they've got increased
 just as before.

 The main reason with this phenomenal growth is the fact Payday loans are
 extremely convenient and straightforward to arrange. The lenders have
 elected everything simple for applicants you may also have the funds
 inside your bank on the day that you apply. You can apply about the
 telephone or through completing a brief form on one there are lots of
 websites that offers admission to this particular loan.

 To qualify you will need to be aged 18 or over and become in full-time
 employment, you will probably need to be paid straight into a bank-account
 with a debit card linked to it. These are basically short-term loans that
 are applied for until the next payday, and may be for any amount between
 £75 and £1,500. Lenders usually charge a set amount which is between
 £20-£30 for each and every £100 that may be borrowed, so if you borrow
 £150 and the rate is £20 per £100 you might repay £180 on the lender on
 your own next payday.

 Even though the rates of interest seem extremely high, low-priced the
 crooks to what you be charged when deciding to take out an unauthorised
 overdraft (which is quite usually the only alternative), they can be in
 reality very competitive.

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