Madara Cleaning is a home services provider based in the UK. It operates in the short term loans market which is a booming area these days as more and more people find it increasingly difficult to access funding from mainstream lenders.
The company - like others such as Servicemaster Contract Services offers loans in any emergency situation. Typically if you find yourself faced with an unexpected bill - it could be that you car has broken down or you have received an especially high utilities bill - you can borrow up to £1000 till your next paycheque is due, with the minimum of fuss and hassle.
These loans are different from conventional loans. For one thing, you apply for them online rather than having to make an appointment and go through a lengthy application form. They are also different from normal personal loans in that they are designed for short term purposes only. If you need to borrrow money but do not anticipate being able to repay it for several months, then payday advances are not for you, because in that situation the interest and charges would become cripplingly high.
The other main difference with payday advances is just how quick and easy the application process is. Everything is done online and usually you will get a decision in seconds, with money being available shortly thereafter.
Just contrast this with the old fashioned procedure of having to make an appointment with your bank manager going through detailed applications and then waiting for weeks for a decision. Not very helpful in an emergency, I am sure you will agree!
So here seems little doubt that payday loans are a useful aid to help people budget for emegency drains on their cash flow. However they are certainly controversial. The key to getting the best from these loans is to use them as intended and you will find everything is well.
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