I’ve just gone back to university for my final year and after being abroad in Paris last year I’ve completely forgotten what a struggle student life can sometimes be! I was bottom of the room ballot this year which means I chose my room last and am in a room with pretty much zero natural sunlight and lots of traffic noise…
For most students though, the biggest problem is money. I’m always faced with the problem of my university trying to take my accommodation fees before the entirety of my student loan has come in so I’ve always got to keep enough money back from the last instalment to tide me over. Even with this preplanned budgeting this can leave me in a bit of a sticky situation should an emergency crop up such as a boiler breaking and I imagine many other students and young professionals face the same issue. Vivus seems like an option to consider during these times.
Vivus is a new loans company that offers money to savvy borrowers. They’ll only give you what you need and you’ll have complete control over your loan. Their aim is to help people with short-term financial cash flow problems so this is perfect for those who have timing issues when money comes out and when money comes in.
One of the biggest problems I have when struggling with money is figuring out who to go to first and how I can skip all the paperwork. What’s great is that the entire application process can be done via the Vivus website. No pesky phone calls or waiting in line. They will first assess you to see if you meet their credit rating standards, which is an opportunity for both parties to learn more about the other. If you’re a first time borrower, you’ll be able to borrow between £100-500. What’s more, Vivus currently have a deal for new customers whereby you’ll pay half the rate of interest that they usually charge. If you’ve dealt with Vivus before then you’ll be able to ask for up to £1000. General speaking, these are fairly ‘small’ amounts to borrow so you shouldn’t have to worry creating an unmanageable pile of debt for yourself.
As soon as you get paid, you pay Vivus back. It’s as simple as that.
If you are sensible with your money but simply looking for a little extra cash to help tide them over until payday, then Vivus is the sort of thing you could consider. This is for people who are looking for short-term loans that they are certain they can pay back quickly. The one payment loan system means that you pay it all back at once instead of in smaller chunks. This is not suitable for people facing a pile of debt.
Vivus operate on a one payment loan system. This means that your loan must be repaid in one go when you get paid, keeping interest charges as low as possible. High interest rates are often where companies try to catch you out so this is a really great deal for those who want to pay back as close to the amount they borrowed as possible. Vivus loans are processed quickly, all online, with no nasty hidden fees.
Flexibility is a real bonus and we’ve all been in that situation where something’s gone wrong and your money is delayed. Vivus try to be as transparent and flexible in their loans as possible. If you miss a payment date, you’ll have an additional 5 days to make the repayment before any late charges or additional interest is applied. If payment is not received after 5 days, a late payment fee of £12 is charged and interest is added on a daily basis. Late interest is at the same rate as the loan (i.e. 0.4% per day for the first loan and 0.8% per day for subsequent loans.)
All in all, Vivus seem to be a friendly and approachable company that is not out to get you. They offer small, short term loans designed to help people in a pickle, not prey on the weak. These loans are designed for people who can be certain they will be able to pay them back quickly, rather than those with serious financial problems. If you’re a student who is struggling to pay the bills this month because work has forgotten to pay you, then this is perhaps something to consider. Please make sure to do adequate research before deciding whether or not a loan is right for you.
Apply. Get Aproved. Get the cash.
Find out more at www.vivus.co.uk
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