The amount of customers applying for direct payday loans in the UK has more than doubled during the past 4 years. Individuals in the UK apply for an average of three and a half loans each year, with the average loan being about 294 pounds. There are a lot of reasons why these cash advances have become so popular.

Individuals oftentimes require extra cash for such emergencies as car repairs, house repairs or medical expenses. Bank loans are usually quite difficult to get, and banks charge very high late fees also. This is not so with direct advances. Even though the interest rates of payday advances can be a bit high, it is well worth price to pay taking into account the many benefits that they provide to customers.

With today's hard times, it has become nearly impossible for individuals to obtain funds that they need. Short term cash advances offer consumers the cash they want promptly and without stressful paperwork. As these lenders loan money solely based on the person's job, lenders do not run credit checks. Customers do not need collateral. So, anyone who is 18, has a bank account, and a steady job can request for money regardless of what credit rating they may have.

There is a vast array of direct payday loan lenders in the UK that will offer funds quickly and easily to customers who need them. The application procedure is comparatively simple, and once a lender approves a loan, the lender will transfer the funds to the borrower's bank account within two days.

In conclusion, the number of individuals applying for cash advances with direct pay day loan lenders (but not payday brokers) within the UK has more than doubled within the last four years. These funds are easy to obtain, and anyone who is 18, has a bank account, and has a stable job can get the money they need in no time.

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