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Payday Loans - As the term
suggests there are short term unsecured
loans (typically between £80-£750) without a
credit check that is intended to bridge the
borrower's cash flow gap between pay days.
You must have a regular income and an active
bank account with a debit card. In some
circumstances a cheque book on the same bank
account is required. For more help on
Pay Day Loan frequently asked
questions click here. You can enquire with
all of these lenders if you wish. These
lenders don't charge any up front fees, so
why not enquire online by clicking the
product links below. Note: Clicking the
icon will open a new window in your browser.
As an alternative you
may wish to consider a Cash Loans -
Provident Personal Credit offer loans
from £50 - £500. They offer a friendly
door-to-door service with some post code
restrictions. You do not need a bank
account or debit card . You pay the loan
back over the agreed period of time.
Enquire about a
Provident Cash Loang(801092)a(1167536))
Remember - It costs nothing to enquire,
you are under no obligation, it only
takes a minute and you get a quick
decision in principle. These lenders
have helped thousands of customers with
Payday loans. If you need more than £800
you may want to consider an unsecured loan then use the following links: Tenant
Loans (from £100 - £15,000) or
Homeowner Loans (from £100 - £25,000) If you would would like alternative
unsecured loan providers then why not visit our complete
list of "finance
partners"
Payday Loans
Frequently Asked Questions
-
What is a payday
advance?
A Payday Advance is an advance of up
to £800 repayable on your next
payday - up to 31 days away – or
longer.
-
What can a payday
advance be used for?
The money can be used for any
purpose - to pay bills, buy
something, have a great weekend,
it's up to you
-
How much can I
borrow?
Any amount from £80 to £800. We set
you a credit limit based upon your
net pay.
-
How much does it
cost?
You repay £100 for every £80 you
borrow. Our charges are clear and
understandable and there are no
hidden administration fees.
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Advance: |
Repayment: |
Interest: |
|
£80 |
£100 |
£20 |
|
£160 |
£200 |
£40 |
|
£240 |
£300 |
£60 |
|
£320 |
£400 |
£80 |
|
£400 |
£500 |
£100 |
|
£480 |
£600 |
£120 |
|
£640 |
£800 |
£160 |
|
£800 |
£1000 |
£200 |
Typical 1286.1% APR
(31 days)
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What do I need to
get a payday advance?
You must have a regular income and
an active bank account with a debit
card. In some circumstances we may
require you to have a cheque book as
well with the same bank account.
-
Do I need a
cheque guarantee card?
No– but if you do, the advance is
provisionally approved.
-
How do I make
repayments?
Repayment of the advance is by debit
card or cheque.
-
How do I get my
money?
It is transferred money directly to
your account by same day Priority
Payment (CHAPS) ready for you to
draw on immediately.
-
How long will it
take to get the money?
If you have access to a fax machine
or email then you could receive your
money the same day. If we also
require cheques from you then you
could receive your money the next
working day.
-
Does poor credit
stop me getting a payday loan?
No. However we need to be happy that
all our customers have sufficient
funds available on payday to cover
the advance repayment.
-
What if I get
paid weekly?
No problem at all - the advance will
become repayable on the fourth
payday after the advance.
Alternatively the repayments can be
staggered over the next four
paydays.
-
I'm a
tenant is this a problem?
No problem - it makes no difference
to us whether you are a tenant or a
homeowner.
-
Do you contact
current or former employers?
No. None of your personal
information will be passed onto any
third party without your prior
agreement or unless required by law.
-
Can I get an
extension to a payday advance?
Yes, you can extend part of your
advance until the following payday
simply by paying the interest-only
on the original advance amount you
are extending. However, we do
require you to clear at least part
of your original advance each month.
PLEASE NOTE: This is a short-term
advance and is designed to help
‘Bridge the Gap’ until your next
payday up to 31 days away. We are
totally flexible and allow you to
extend your facility by paying an
additional fee. However, should your
credit term requirements be for a
longer term, then this facility may
not be your best option and we would
suggest you seek a more appropriate
loan facility.
-
What other
document do you require?
- Your bank statements covering the
last 2 months
- Your last payslip
- A recent utility bill or
alternative proof of address
- Clear copies of both sides of your
debit cards (please write all card
numbers next to the copy to ensure
clarity)
- Another proof of signature (i.e.
passport, driving licence, or both
sides of a credit card)
-
Should I think
about a loan or overdraft instead of
payday loan?
There are several methods to borrow
or obtain finance. If the amount you
want to borrow is quite low, or you
want to borrow for a short period of
time, a personal loan may not be the
best option. In fact it may be
better to take out an overdraft with
your bank, or make use of a credit
card, or even look into taking out a
payday loan. However, for larger
purchases, credit consolidation, a
new car etc., a personal loan may
well be the best option. Secured
loans will give you, in general, a
lower APR than unsecured loans,
meaning you repay less over the term
of the loan.
Remember - It costs nothing to enquire, you are under no obligation, it only takes a minute and you get a quick
"in principle" decision.
These lenders have helped thousands of customers with Cash loans.
If you want to
find out more about
your current credit
status click here or using are "Credit
Status" icon above
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