Thinking about taking a fast payout cash loan to cover your urgent costs until payday? No matter where you borrow from, there are always going to be fees that you’ll have to pay if you fail to make repayments on time.
At Quickle, we like to have a more understanding approach than most, but even we need to apply fees to accounts that go ignored for too long. In this post, we’re suggesting a number of ways you can ensure you pay your payday loan nice and early. Have a look through these tips to keep your money in order and avoid unnecessary costs.
Don’t take more than you need
One of the best ways to fall into trouble is to borrow more than you need from any source. This can sometimes be unavoidable with credit cards but when it comes to our loans, you can chose the exact amount you want to take. By applying to borrow exactly what you need to cover your most urgent costs, you ensure you won’t have funds left over for less important purchases.
The more you borrow, the higher your interest charges will be. We always do what we can to try and offer you a sensible amount that fits perfectly in line with your current income and financial circumstances, but only you will have the best idea of what you can really afford to take and pay back comfortably. Get off on the right foot and always try to apply for the minimum amount needed.
Save money on typical purchases
Saving money is always a good idea, but it’s even more important while you have a short-term loan out. The more you save, the easier it’ll be to pay back what you owe. Save enough and you’ll be able to pay your loan back way before it’s due.
Think about all the things you usually buy each month that don’t really count as immediately necessary; clothes, luxury toiletries, drinks, nights out and takeaways meals. These types of habits are some of the easiest to cut out right away and you’ll be amazed how much you save by reducing them as much as you can.
Your monthly food bill is one of the largest costs you’ll face every month. Consider stockpiling groceries and choosing lesser brands to see how much you can knock off your weekly shop.
Keep your due dates recorded safely
At quickle, we do all we can to try and keep you informed on your upcoming repayment dates. But the best way to make sure you don’t forget is to setup your own reminders. The dates of your repayment will be featured in your offer during the application process, as well as detailed in the confirmation we send you once your loan is accepted. Mark these dates out on your calendar, with an alarm on your phone, or anywhere else you might place your attention consistently from day-to-day.
Having the date firmly set in your mind is one of the best ways to ensure you pay what you owe as soon as your next payday comes in. People forgetting the exact due dates can be a common cause for late repayment.
Set a strict budget for your upcoming payment from work
Sit down and work out exactly where the money from your next paycheck needs to go. Mapping it all out can be one of the best ways to put yourself in a very organised financial position. It’ll be great for your own peace of mind and will let you plan for all the foreseeable costs that you’ll encounter in the coming months.
Once you know how much you have coming in and how much will be going out, you’ll be more confident in knowing which payments you can make early. Budget well by placing repayment of your loan at the top of your priorities and you’ll free yourself from the threat of falling short.
We hope you’ve found this quick guide helpful! Note the steps above and you’ll place yourself well to repay your fast cash loan in perfectly good time.
The Best Ways To Ensure You Repay Fast Cash Loans Early Click To TweetRead more about fast cash loans here, or in our previous blog post: 4 Things You Should Never Do With A Fast Cash Loan
