Payday Loan Articles

Just mention the name Money Shop and people already know what you are talking about. No need to search for moneyshop.co.uk on the internet. Just go out and look for the store with the big red and yellow sign. The Money Shop is one of the most popular sources for payday loans in the UK. They are most well known for their cheque cashing service. Just like what it says in their TV commercial, their service processing is on the spot. You get your cash when you need it, like now.

The name speaks for itself. Every Money Shop store is just a simple shop where you can go take care of your problems with money. You do not see words like financial portfolio or prime interest rates. The Money Shop is not a huge financial institution where you need to have a Finance degree to understand very complicated transactions.

Again, the name is not the Money Office Building, nor the Money Shopping Mall. Many businesses today get bigger and bigger. They want you to go visit them so they can offer you all the things you need and don’t need. The Money Shop is not a super store which offers so many financial services you have never even heard of.

Most of us learn about the Money Shop the way normal people do, through watching TV. They do not call themselves moneyshop.co.uk. Only high tech geeks are completely comfortable with a faceless online shop on a computer screen. The Money Shop is a real store with a simple door you can walk into with real people inside who will take care of you.

When it comes to payday loans, time is of the essence. You need to find a Money Shop store and find it fast. With over 250 stores across the UK, there is definitely a local store near you. It’s your choice, moneyshop.co.uk is not the same as the real shop.

Disclaimer: We do not work with this company and it is not our intention to endorse nor denounce the company or companies you see before you. These posts are not to be considered as legal or professional advice, and are to be used for personal education purposes only.

What is the relationship of payday and stress? Payday is supposed to be a happy day. When we describe an event as happy, we usually characterize it as stress free. But when we think about it carefully, being happy does not necessarily mean that we do not have stress. That is why there is such thing as good stress. For example, engaging in sports activities or physical exercise are technically stressful activities but are obviously good for your health.

Just like other types of stress, payday stress can either be good or bad. Let us start with the good part. Good stress arises from receiving money. Everybody feels good whenever they touch cold hard cash or see the numbers pop up in their bank account balance. But your stress level is still low at this point. Stress builds up when you start to think about how to spend the money. You probably have many things planned already. But there really isn’t that much stress during the planning stage. It is like preparing a speech, assuming you are not a regular public speaker. You can start days or weeks ahead to write a speech but when the day comes, the stress goes up. The peak level of stress comes when you are actually delivering the speech to a live audience. You cannot take back the words after you have said them. That is how spending money is like. You plan and plan but when that money leaves your hand, it is gone forever. In return, you receive satisfaction from your purchase.

How can payday stress be bad stress? This is much simpler to discuss. Whenever you have trouble planning your spending, that is bad stress. This is because you have more things to spend on than what available funds you have. You need to grind your brain and decide what you need to spend on first. Instead of thinking of rewards and satisfaction, you think of penalties and consequences. Sometimes there is no payday stress because most of your payday money is already allocated to pay off your payday loan.

Owning a credit card is like saying “I owe this company money”.  It’s a nightmare come true when you find out all your credit cards maxed out and you can’t even pay the interest payments.

CASH, CASH, CASH.  Paying cash is one way to ward off unexpected credit card overload. Using credit cards gives you a sense that “ooh, I still have some money”, but in actuality you are already in the red.  Don’t get in the mode of receiving your credit card statement only to find out that rate of interest charges have gone so high that you don’t know where to get the extra money to pay for it.

INTEREST, INTEREST, INTEREST.  Prioritize payment of the card that charges the highest interest rate. The faster you do this, the lighter the financial load will be.  Target to pay more than the minimum, doing so can help reduce your debt quicker. 

DISCIPLINE, DISCIPLINE, DISCIPLINE.  The thought of upcoming cash (like a bonus), prompts us to spend it first before we even receive it.  Such is a cycle if unabated will result in debt.  Credit cards are not detrimental if used wisely.  You should target to buy items that you know you can pay when the bill arrives.

Consolidated Debt Statement

This is a compilation of all the money you owe anybody, from the bank to your best friend.  This gauges the gravity of your financial situation.

It can be easily calculated as  (A) Credit Card Debt + (B) Outstanding balance on loans + (C) Money you owe to other people. 

There are many ways money can change hands these days. The most common and desired by many is through cash transactions. When people think about cash, most likely they are thinking about bank notes and coins. You can open your wallet and coin purse and actually see and feel the cash right there. You grab that money and hand it over to the sales clerk, then whatever it is you are buying is now yours.

Stores and shops everywhere will accept your cash as payment. Most people young and old will readily accept your cash in any deal you make with them. When we use the phrase “good as cash”, whatever we are talking about should have the same characteristics as cash.

What is it about cash that makes it cash? Cash is all about the here and now. First, cash should be something that you have. You own it and you have control over it. The next important feature of cash is that you can use it right now at this very moment. Lastly, when you hand over cash to someone else, then it becomes their cash, carrying the same here and now nature as it did when you had it.

 What do you call the money that you have in your bank account? Is the money there good as cash? Let us check our criteria. Is it something that belongs to you? Yes. Can you use it now? Only if you have access to it so the answer is yes and no. Will the recipient of the funds be able to use it? Again, that will depend on how the money was paid.

In order for the money in your bank account to be good as cash, you need to have access to it now. Having your checkbook with you means you can make a check payment. Having a debit card also provides you with ready access to your money. You can also have access to your bank account online or when transacting at the bank itself.

The final test is how readily can the recipient of a check or a debit card transaction use the money? In the case of a check payment, the payee does not really have the money until the check is deposited and cleared. Depending on the banking network, debit cards do not necessarily transfer funds immediately. Aside from these rare debit card networks, the only other way to transfer the money in your account instantly is by online fund transfers.

For so many years, the banking industry has tried to provide us with more efficient good as cash payment methods. They have come very close but the continuing widespread use of bank notes and coins tell us that we’re not quite there yet.

During ordinary days, it is very easy to open your wardrobe closet to pick out what to wear for the day. Chances are you probably already have a complete collection of clothes and accessories for almost every occasion. You probably go shopping for clothes regularly to keep your wardrobe updated.

But have you ever experienced a fashion emergency? This emergency can be brought about by the result of wear and tear like a loose button falling out due to hundreds of laundry cycles or it could be a shoe sole detaching itself from the shoe because shoes don’t last forever. Or maybe it’s just a simple accident like spilled coffee or getting your sleeve caught on a sharp object.

If you are still home when these things happen then you can easily find something else to wear. The real emergency arises when you suddenly realize you do not have the piece of clothing you need.

These accidents can also occur when you are already on your way to work or right in the middle of your work day. But they won’t really count as a big emergency if nobody will care about how you look for the rest of the day. Or even if you do have an important presentation at the office but still have enough time to go back home and change.

Another form of this emergency is that there is nothing wrong with what you are wearing but you get an unexpected appointment or event to attend. You would not want to refuse if your boss suddenly asks you to represent him in a meeting with a high profile client.

However, you could still be in the middle of a fashion emergency even if the upcoming meeting or event is still days away. The fastest solution is to go out and buy the clothes you need… if you have the cash. If not, then it is indeed an emergency. Where can you get cash fast? Get a payday loan.