Any loan resulting in a release of cash during times of immediate financial crises would be termed as best payday loan. It is only after the purpose for which the loan was taken gets satisfied that we start thinking critically of the loan. It will be wrong to term this tendency as selfishness. Payday loans are actually made dearer by loan providers. Many borrowers actually decide to take loans at any terms stated by the lenders because of the urgency involved in the situation. Lenders will not miss to profit of this opportunity. Thus, we find best payday loans costing dearly to its borrowers. High rates of interest and large fees are often appended to the payday loan, thus increasing the cost of the payday loan.However, this was not what you had expected of the best payday loan. High interest rates were expected, but not of the extent that adorns your payday loan now. Neither had you expected that the lender would charge as high a fees. It is when the payday loan comes over for repayment that the expensiveness of the loan comes into view.Though it may be too late to think of this now, this serves as a lesson for the next time that you plan to take a payday loan again. Proper planning ensures that the payday loan can be conveniently termed as a best payday loan.Firstly, borrowers need to understand that payday loans differ from the other regular loans in terms of the purpose to which they are employed. The needs to which the payday loan is employed are characterised with urgency. These are generally routine monthly expenses, requiring only a small amount towards their disbursal. Thus, regular loans, where large amounts are exchanged, may not be appropriate. Moreover, regular loans that take several weeks to be approved and sanctioned may not be appropriate for these expenses because of the urgency involved.Individuals, who may have ended their monthly paycheque before the next paycheque becomes due, find themselves hapless in making any extra payments.Best payday loans provide access to funds at a very short notice. Through payday loans, borrowers can draw funds in the range of £80 to £400. Depending on the needs of the borrowers and the lending policy adhered to by the lender, the borrowable amount may further go upwards. These funds will be used by borrowers to expend with ease.Payday loans are short-term loans. The amount has to be returned with the interest within a month; sometimes within weeks. Lenders may employ different methods to get back the money. The most popular of these is the post-dated cheque system. The cheque is dated for presentation on the desired date. On the specific date, the amount is automatically cut from the borrowers account. For this purpose, some loan providers would require the borrower to have a checking account.The post-dated cheque may also serve as collateral. In this sense, Best payday loans may also be regarded as secured loans. Borrowers, who desire to have best payday loans without the clause of collateral, will have to further search the UK financial market. The concept of unsecured payday loans is fast catching up with lenders in the UK, and it may not be much difficult to have best payday loans without collateral.There are certain essentials that the borrower needs to have in order to become eligible for best payday loans. The borrower needs to be employed with a regular income that is transferred directly into his bank account. The borrower must have a chequebook and a checking account as mentioned before.An important advantage of best payday loans is that credit history will not be checked. Borrowers with bad credit history will specially find the clause beneficial. Many loan providers may not even require borrowers to present their social security number.Online application and online processing suit best payday loans. Best payday loans need to be approved fast in order to meet the immediate needs. Online applications transfer personal and loan details quickly to the loan providers. Thus, online application contributes towards a faster approval of best payday loans.Though best payday loans present a convenient method of drawing cash during emergencies, they must not be misused. Expert advice ensures that borrowers have enough knowledge to make a proper use of payday loans.

Last year we struggled with the fact that we needed to fund our college students dreams without much money in the bank.  When we turned to student loans we had no idea there were so many different types of student loans. Let us walk you through a quick recap of what you can expect from the 8 different types of student loans.The 8 Types of Student Loans:* Federal Stafford Loan (2 types: subsidized-unsubsidized)* Federal PLUS Loan (Parent Loan for Undergraduate Students)* Federal Perkins Loans* Bank Loans* State Loans* Other unsubsidized Loans (Stafford)* Loans from other sources* College Board Extra Credit LoansWe had no idea that you could even attempt to get a federal loan without submitting an application to FAFSA.  Once you submit your application to FAFSA you then must wait for your Student Aid Report (SAR).  With SAR in your hand now you can go and find a student loan that meets your needs.Another eye opening experience.  To me the interest rates associated with student loans are highway robbery.  As you will soon find out, these rates are high but most lenders are competitive with each other. 1.  Federal Stafford Loan – Subsidized: (government pays interest until you graduate) most popular loans and available to both undergraduate and graduate students.  It’s really hard to beat these interest rates.These rates are for subsidized loans to undergraduate students.  * 6.0% for the 2008-09 school year  * 5.6% for the 2009-10 school year  * 4.5% for the 2010-11 school year  * 3.4% for the 2011-12 school year  * returns back to 6.8% for the 2012-13 school year.From this example it is best to borrow less money now and wait till 2011 to borrow heavy because of the interest rate decrease. And remember on January 1st of each year you must re-apply through FAFSA to received your student loan for the following year.2. Unsubsidized Federal Stafford Loan -  easy to get and student can pay interest as you go to keep the total loan amount down once they graduate.***Student Loans Secrets***Students who are working while attending college, negotiate with your lender to make monthly payments and round up to the nearest tens. If your interest is 8 dollars a month pay 10 dollars which shouldn’t be that hard.  Any time you can pay on the principal the better.3.  Federal PLUS Loans for Parents - allows the parent to take out the entire cost of students college education.  It is not dependent on “how much a parent makes” and it does offer a nice tax break but this could change with a new president.***Student Loans Secrets***You can negotiate repayment of your PLUS loan. Chose from graduation date repayments or start 60-90 days after the loan money.4.  Federal Perkins Loans -  students who are having financial difficulties should look into the Perkins Loan.  The problem with these loans are they are limited, however you will receive a competitive loan interest rate. ***Student Loans Secrets***Federal Perkins Loans are reported to your credit bureau.  Do it right and you will have an excellent credit rating.  Default or late on payments will spell trouble.  Be very careful. 5.  Bank Loans – if you are turned away by the federal government then turn towards a bank loan.  These loans are usually a little higher and each bank has different regulations.  I’d shop hard before signing on the dotted line.  Some banks do offer Stafford Loans, but they are more strict on their policies.***Student Loans Secrets***Banks might limit their loans to full time students and repayment options will be limited.  However you might find some incentives on re-payments of your student loans.6.  State Student Loans – you will need to visit your local bank to pick up an application.  Most states offer a guaranteed student loan but the banks will administer your funds.***Student Loans Secrets***These types of student loans are usually more expensive to borrow from when you compare them to federal loans.7.  Additional Unsubsidized Stafford Loan – These types of student loans are determined by the federal guidelines and are reserved for borrowers who fall into the “independent category.8.  Other types of student loans – look at all your options and discuss these with your financial aid advisors at school.  Military dependents, corporations and businesses will offer student assistance. Don’t be afraid to ask.Additional BonusThere is one place that will pay your tuition fees if you can repay them within a year.  Affiliated with around 2000 universities, Academic Management Services offer student assistance, but be ready for some expensive rates.  These funds should only be used in dire emergencies.I cannot stress this enough, PLEASE make sure and submit your application to FAFSA early in January of each year. Once your receive your SAR then you can get down to business and be first in line to receive your student loan.