Quick Finance

Your guide to quick finance - Bridging loans, payday loans, same day loans, payday advances

There comes a time in most peoples lives when they need financial help, and sometimes they need the finance quickly

Quick finance tends to be finance that people need quickly and for a short amount of time, this can also be referred to as bridging finance.

Bridging loans

Bridging loans or bridging finance are the two of them most common terms used when referring to short term finance. Bridging loans are used when people need access to finance quickly and for a set fairly short amount of time. For example you buy a new house before your finalise the sale of your old house you can use a bridging loan to "bridge" the gap.

Payday loans (Payday advances)

Another very common form of quick finance is payday loans. A payday loan is a short term loan and unlike other forms of bridging finance is normally for quite small amounts of money.

A payday loan is used to provide some quick finance to tide you over until your next payday, when you would normally clear the loan in full

Because of the nature of pay day loans some companies charge APR in the 1,000%+ so make sure you know what your going to be repaying

Credit cards

Some credit cards state that decisions made same day, and while this is true you wont get the card for up to a week. However some have the option to transfer cash into your bank which is then added to the card.

How quick is quick finance?

How quickly you get your money depends on the type of finance you are going for, if you are looking to bridge your mortgage then this might take a week to sort out, where as payday loans are normally complete right away