Borrowing money faster

Sometimes borrowing money from your clients fast ends up succumbing your dignity to the creditor party. In some cases, if it is a very huge sum, you need to give it a serious thought; as long for small amounts, your need to devise ways of fast borrowing from your creditor. The faster you can complete your deal, the wittier you are.

1. Credit card transactions have been the most lucrative of all forms of deals because of its readiness, comfort and time-saving factors. But charging against your own credit uncontrollably or unscrupulously and non businesslike may not be cumbersome, but paying off the charges and pending amounts after it has been scrutinized will be time-consuming and panicky.

2. You can find a lot of Internet parties ready to lend you but they offer considerably low flexibility and stiffen the time bound for payment of the high-interest cash advances. Also an Internet transaction helps in that it is scuffle-free and is done with readability and in less congestive environment. But a cash-advance store in your locality will provide you much flexibility to pay off.

3. Your own family can rescue from a prospective dilemma of paying it off, because they are the least likely people to charge you with any kind of interest and quick turnaround borrow is also beneficial from them. Usually a sibling comes to the help faster and reliably. Its more because they are your most-trusted allies.

4. If you are a stalwart in your field, do not hesitate to make a request to your senior or your boss in business or your profession. He/she is also the person you can borrow money with least interest and a favorable period of return. If you are loyal and hardworking enough, your boss will be happy to help you out in this matter.

5. Debiting from your bank in matter of brief period and medium amounts, will fetch you the most feasible option for borrowing. Some loans can be drawn most conveniently from the bank which will serve a temporary dislocation of your own savings. For example, if you withdraw as a loan or overdraft of $5550 for your medical expenses or share market that you can fill up within the span of a few days, then the bank is a ready option.

6. If you are good verbal communicator, then things may turn your way if you can simply coax your creditor in his/her/its goodwill for the extension of your payment date. You have to have a stably fine prior relationship with your creditor in order to make this subtle request.

In debt? The basic bank account solution

Having debts to repay can feel like a major additional strain on your finances, especially during times like these, when many of us are having to stick to tight budgets. Taking steps to ensure you can make your monthly debt repayments can improve your financial confidence, and reduce the likelihood of racking up bank charges, damaging your credit rating and/or facing County Court Judgments (CCJs) or other legal action. 

If you're repaying debts and want to improve your financial secaurity, getting a basic bank account could help you to budget for all your monthly costs and steer clear of unexpected fees and charges. Even if you've had debt problems in the past, a basic bank account should still be open to you - and could make it easier to get your finances back on the strait and narrow. 

Two ways a basic bank account could help you with debt:

1. They're open to everyone*

If you've had problems with your finances in the past, you may have damaged your credit rating. If you've defaulted on a loan or missed debt repayments, for example, this can appear on your credit file - and it'll remain there for six years. Some banks feel that customers with poor credit histories are too risky, and will often refuse to let them open a standard bank account. 

However, basic bank accounts won't turn you down for having a bad credit rating (as they wouldn't give you access to any form of credit, e.g. an overdraft or credit card). So your financial past shouldn't hold you back from sorting out your debts in the present - after all, simply having a bank account can make it so much easier to make and receive payments and budget more effectively - and that's a key part of repaying the money you owe. 

* Basic bank accounts typically require you to be at least 18 years of age and a UK resident. Many of them may not be available if you're an undischarged bankrupt.

2. They could help you avoid more debt

Getting a bit of extra help with your finances may be high on your list of priorities if you've had debt problems in the past. Some basic bank accounts offer help with budgeting, by dividing your money up into separate accounts: one for your essential bills (such as your utilities and Council Tax) and another for your 'spending money'. An example of this type of basic bank account can be found here.  

Setting aside enough money for your essential costs should help you steer clear of spending on luxuries when you can't really afford it. This can help you avoid the kind of mistakes you may feel you've made in the past with your money. 

Everyone has different requirements when looking for a bank account, so it's important to research what options are available. Using comparison websites and/or speaking directly to bank account providers could be a good place to start.