Maybe it’s that time of year for you when your car insurance is coming due. Perhaps this year you have had a prang, a family member has, and your car insurance rates have gone up. Even though you may have gotten one of the car insurance packages available on this site, which are extremely competitive, you may still have to pay more for your car insurance than you expected.

Does your pay packet cover it? Maybe not and maybe you can’t cover it with the overdraft? That’s where can come in VERY handy. So what exactly is a payday loan and why can it really help you with your car insurance? Strictly speaking here is a good example:

A payday loan or cash advance is a quick and easy way to bridge your cash needs between pay days. It is a small short-term loan that can range from £80 up to £750. The money can be electronically deposited and repaid from your bank account on mutually agreed upon dates.

Not bad is it, really?

Electronically deposited can really mean the difference too, given that you might otherwise have to go down to the bank, or spend hours on the phone arranging an overdraft extension or a short loan. So now it’s simple and straightforward, don’t you think?

So you need to be at least 18, of course, and you need to have a job. The company that is lending you this short payday loan DOES need to be paid back after all…

Given that these companies must work the same hours as you, the money can be electronically deposited into your bank account during the same hours your bank operates, so that’s basically every day normal working hours.

This is really a good deal - if you work and you need money in a pinch and you know that at the end of the week or the end of the month that you will be paid, you can get your salary advance right there and then (after a small approval process, naturally) to pay whatever needs paying - car insurance in this case!