• Car title loans, which risk the loss of a car if you miss a single payment.
• Payday loans, which are pegged to your income and state regulations (which can limit a loan size to anything between $300 and $1500, with only a handful of states imposing no restrictions).
• Credit card cash advances, which generally carry very high interest rates.

In each case, both the size and terms of the loan are predetermined by the lender. You can take their offer if you want it, but it may not fit your specific needs (for the loan amount) or the circumstances (the time period over which you pay it back).

But NetCredit personal loans provide something new. These allow the borrower to get a greater say in how large the loan is and how quickly it will be repaid. With these personal loans, you get all the benefits of online fast cash loans (such as those drawn against a future paycheck) – a five-minute application, instant approval and money deposited into your checking account in one day – but there is leeway on the terms. You can ask for amounts up to $3000. And you can pay the loan back in four to nine installments.

This flexibility is new in the personal loans industry. It’s born of the extremely tight credit market, as well as financing ingenuity that recognizes how individuals and small businesses need credit flexibility in order to keep their lives and businesses functioning through challenging times.

“I really prefer a longer payoff,” explained a customer in the third quarter of 2011. “I know with my income I can cover the payback over three months. The fast cash loan was necessary because of an emergency, which it helped us overcome. It was something we could do on our terms.”

The main attraction of this type of saving relates to the tax rules that govern offshore accounts. Interest accrued on savings in an offshore account is paid gross without income tax being deducted. Interest paid on the gross amount will total more thereby producing a more sizable final payout. Although offshore banks do not deduct tax from your savings this does not mean your offshore finances are tax-free.

If you live and work in the UK and bank offshore, the interest earned from money held in your offshore account is classed as taxable income and must be declared on the self-assessment tax returns which are completed at the end of each tax year. Failure to declare interest gathered may result in a hefty fine by Her Majesty’s Revenue and Customs, who have clamped down on tax evaders in recent years. If you live and work outside of the UK you should seek local tax advice to see if you need to pay any tax in your country of residence.

There are many other benefits offered by banking outside of Britain. Many savings accounts are multi-currency which enables you to deposit money in sterling, Euros or dollars and withdraw cash in any country. Whether you’re doing business in Berlin, travelling in Tuscany or working in Wales you can carry out financial transactions as normal with no disruption to your service. Unlimited access to your account is also useful if you’re a globe trotter and frequently move through time zones.

Some offshore savings accounts reward customers with higher rates of interest if advance notice of a withdrawal can be given. Generally speaking, the longer the notice period you give, the higher the interest you earn so think carefully about this before making your final decision on which account to opt for.

It’s also worth remembering that offshore banks are not covered by UK legislation so it pays to shop around for a reputable institution. Look for a competitive interest rate but if it sounds too good to be true it usually is. Exercise the same caution when banking offshore as you would usually.

Anyone is eligible to apply to open an offshore savings account with the minimum deposit required generally resting at £5,000. Therefore, why not make the most of your money and enjoy the flexibility afforded by depositing funds outside the UK?