Derek Hosewood’s Homeowner Loans Weblog

Ok so i didn’t buy a house in the end. Seems like a dumb time to do it with house prices still falling 0.5% month after month.

One thing i didn’t consider at first was the fact that the rent market would get better and better – for tenants that is.

For only a small amount extra i could get a place roughly 50% bigger – so that’s what i did. Unfortunately since it was a great deal i had to snap it up there and then. This means i wasn’t able to give enough notice to the old letting agency. We’re in negotiations now but they’re saying i need to pay another whole month of rent even thoug him only short about 10 days of the full notice period.

Well that ain’t happening.

I guess we’ll see how generous i’m feeling after i’ve got my damage deposit back (fingers crossed).

Anyway the point of all this is that moving house tends to leave you with a bit of a cashflow problem. ie. pay rent on the old place, the new place + deposit and any rent in advance. Plus the obvious costs of packaging and transporting of your belongings. I was looking at solutons to this and came across Quick Loans from Today Loan. This place can lend you money within a day that you basically payback when you get paid. You can even roll it over to the next month for 2 months until you’re straightened out again.

In cases like the one i’m in you don’t (and probably can’t) really want to get a Secured Loan and it’s not a bad enough debt problem for debt management etc so a short term, not questions asked (well, very few) loan seems the answer.

Payday Loans are getting some bad press lately and it doesn’t seem deserved to me.