E17 Family Finance Fair supported by Labour MP Stella Creasy
Having come across this event via stella creasy’s twitter page, we thought to post a link about the Family Finance Fair on our site for anyone interested in going, details can be found via twitter @stellacreasy
Instant Loans Direct on BBC News Night
We were offered by reporter Jim Reed to comment about the payday loan market which BBC 2 News Night wanted to cover, Founder Giles happily obliged to contribute to the show, the show an be seen via the following link www.bbc.co.uk/news/uk-20427331 - The report covered about how payday loans were being used more and more by a younger audience online.
We firmly believe that with banks become more difficult in people wanting to approach about loans, online lending has taken off, just as many other industries are finding such as booking a holiday online etc, this has lead for people to think, lending has become easier, when infact, the criteria stays the same, its just done online at a time to suit the borrower.
Changes in any enviroment, will always cause objections, but if people also accept personal resonsibilty before taking out any form of loan, and not just blaming lenders for lending.
About Us: Instant Loans Direct offers Short term loans online.
Research carried out by Instant loans Direct learnt that more people intend to use a payday loan this bank holiday a record no of payday loans applications will be set, compared to the previous 2 years for taking out a payday loan
Research carried out by instant loans direct discovered more people than ever before intend to use a payday loan this coming bank holiday.
Instant Loans Direct asked over 1000 people throughout the UK to discover if they would be using the services of a payday loan provider over the forthcoming bank holiday weekend.
Overwhelmingly the response was that over 3 in 10 people would be taking out a payday loan for some particular purpose.
Giles Coutts, Owner Founder of Instant Loans Direct commented on the finding “We always like to get feedback for our service and our industry, not surprisingly people are going to take out a payday loan this bank holiday weekend, mostly down to banks being closed, if people need money for an emergency, but with our interest rate being the lowest online, it makes sense rather than going overdrawn to face bigger costs”
Instant Loans Direct is a ground breaking online payday loan service, based in the west midlands, the company initially launched in october 2010 by founder Giles Coutts and has rapidly grown.
Instant Loans Direct are the only payday loan lender to offer a comparison service for you to make an informed decision. No other payday loan lender offers this.
According to a representative from the payday loan lender, instant loans direct.com, many payday loan users are not doing enough research to find the best and lowest rate when applying for a payday loan
A customer survey was carried out by the lender, to discover most users who applied for a payday loan, admitted to using the first payday loan lender that would accept their application without taking into account the costs of the loan.
InstantLoansDirect.com is partnered with and powered by Harvey and Thompson PLC, a responsible lender that has been established for more than 100 years.
The instant loan site offers an interest rate that is around 90% lower than the likes of Wonga, and aims to change the face of expensive payday loans.
Giles Coutts, founder of InstantLoansDirect.com, commented on the findings:
“We’re always keen to see how a customer has managed to source our product, following our initial launch into the payday loan market last year, we wanted to ensure people got the best and lowest interest rate, compared to the likes of major lenders such as Wonga
“There’s a common misconception that all payday loan lenders are out to make a quick buck, or are legal loan sharks. Instant loans Direct.com offer the lowest rate online, and yet despite some critics such as MP Stella creasy talking about how high the APR is of major payday lenders, Instant Loans Direct launched a service which blew the expensive competitors away at a mere 448.3% Apr. compared to those who charge well over 1000% plus.
Market forces will drive interest rates down, not government interference, People need to become savvy when shopping around for a payday loan and not simply taking the easiest option. Unlike other payday loan lenders, we do supply our own comparison table, which is updated daily to ensure customers are given an informed choice.
Instant Loans Direct.com have always been so much cheaper than its major rivals, the difficultly has been getting the message across to people to shop around, with simply not having the large marketing budget compared to the likes of Wonga, quick quid, which they can clearly afford, from the interest they charge customers.
People simply need to be savvier and look around before taking out a payday loan to get the best deal.
