Updates from February, 2010

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  Can't Pay Don't Pay with an IVA!

  admin 4:27 pm on February 25, 2010 | 0 Permalink | Reply
  Tags: Bad Credit (3), iva (2), ivas (2)

  Can’t Get a Payday Loan?

  Payday loans are only meant to be used as a short term fix to short term financial needs such as paying for MOT work or emergency dental treatment where waiting for your next pay cheque just won’t do. Unfortunately some people experiencing long term financial difficulty also apply for payday loans and often get thier application rejected.

  Juggling your Debts? Get an IVA!

  If you find yourself juggling loans and debts and are repaying more than you can afford then maybe the way to go is with an IVA or individual voluntary agreement. IVA’s are a government backed scheme aimed to help people in serious financial difficulty get back on track and debt free within usually 60 months or 5 years.

  • Get debt free in 60 months
  • Freeze all interest and charges on your debts
  • Get up to 75% of your debt written off
  • Avoid bankruptcy
  • All direct contact such as phone calls and letter demands stopped

  Not everyone can apply for an IVA and your creditors also have to agree to the arrangement. Creditors benefit from this too as they no longer need to chase their debts and can at least recover a percentage of the total owed to them. IVAs only cover unsecured debts totaling over £15,000 and this must be from 3 or more different creditors – UK citizens only.

  See : Swift IVA Rules for more on qualifying rules for an IVA.

  Apply for an Swift IVA Today.

   

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  Payday Power Powers Up with Major Upgrade

  admin 3:01 pm on February 12, 2010 | 0 Permalink | Reply
  Tags: Payday Loans (3), payday power

  Payday Power has recently launched it’s new website design after months of design tweaks and user feedback testing.

  Payday Power has been providing payday loans to working people in the UK since 2008. The payday product is relatively new to the UK as a financial product and interest in these loans has been rising since they arrived in the UK from the USA a few years ago. Payday loans are small short term loans, taken out for a week or two which then are repaid on the borrowers next pay date. They have been designed to be used primarily as a short term fix to short term financial problems and emergencies such as an unforeseen bill or other financial obligation and not to be used by people with more serious long term problems.

  View the New Website Design here

  The new website design aims to make the product as simple and straightforward as possible for users, so that they can get their money as quickly as possible. During the testing period many issues were raised by users not just on the ‘old’ website by also with a number of competitor’s websites.  Julian the creative director informs us that “Feedback ranged from not knowing if customers could qualify before they applied, customers not knowing how to find out how much their loan would cost them to understanding what would happen when at each stage of the application process. We have addressed all these issues and early results show it is all working smoothly with not a single error being reported – as yet!”.

  View the simple & streamlined application form here.

  A ‘report an error’ button has also been added to the site so that problems can be addressed and fixed as quickly as possible. Michael the marketing director says “It’s not just the front end visuals of the website that have been given a facelift, the backend – the decision engine – has also been upgraded which means for customers that not only will they have a better chance of getting a loan with us, but if their application fails, we can intelligently inform them why and suggest possible answers. We found that many more people would get their application accepted with a little feedback along the way.”

  

  Payday Power’s New Website Design Goes Live

  Payday Power would also like to know what you think of the new website. Leave feedback below:

  What Do You Think Of The New Design?

  • Wow - I Love it!
  • It's Quite Good
  • It's OK
  • I Don't Like It
  • It's Terrible

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