Get payday loan in UK, Now.

1. Need Money on Short Notice- Payday Loan Best Solutions
Employees with financial problems tend to be less productive than others. So it's not surprising
that employers try to provide a little extra financial stability through employee credit unions,
401(k) plans and bonuses.
But what about short-term, high-fee loans?
That's just what some companies are trying. They're offering "workplace" loans of $150 to $500
with fees ranging from $8 to $25 plus interest, according to a report in The Wall Street Journal.
The loans usually last about two weeks, and employees repay what's owed directly from their
paychecks. Companies like ST Loan, UK also gives payday loan. These employer-sponsored
loans are being advertised as a cheaper alternative to the traditional payday loan, even though
they can carry an effective annual interest rate of 165 percent.
I suppose I should applaud a new alternative for cash-strapped workers, given the concern over
typical payday lenders and the strong consumer demand for short-term loans. But I’m not.
Here’s why: Workplace loans serve the same purpose as payday loans, and they can create the
same problems. Consumers generally turn to them because they need to bridge a gap in their
finances. Usually, they're living paycheck to paycheck and need money for an unexpected
expense. But with such a tight budget, it's unlikely that they'll have enough from their next
paycheck to repay the loan. So, how does it get repaid? In many cases, with another loan. This
can start a vicious, expensive cycle that is difficult to break.
Rather than rely on workplace loans or payday loans or any other form of emergency financing,
consumers should learn how to plan ahead. They should be encouraged to build their own rainy
day fund by socking away a few dollars each pay period. Sure, they'll make sacrifices to keep
building their savings. But it'll be worth the peace of mind that comes from knowing they can
pay for their next car repair or medical issue. No borrowing necessary.
Instead of short-term loans, employers could offer automatic withdrawals from paychecks into
savings accounts. They could encourage saving by matching a percentage of what their workers
deposit. Now that would make a positive difference in their employee’s lives.
What do you think?
Ref by- http://www.stloan.co.uk