Who are they suitable for?

Payday loans are suitable for any individual who has a regular income and an active bank account with a debit card.

They are also designed for people who:

  • Need instant cash - Online payday loans or fax payday loans are often paid into your account straight away, though some companies deliver on the next working day.
  • Need cash for unforeseen occurrences – for example, frozen pipes in winter.
  • Need to pay back high interest debts – A payday loan could help you clear a debt with a higher rate of interest quickly.
  • Have a bad credit history - Your credit history will not be taken into account as long as you have sufficient funds available to pay the advance cash loan.
  • Want to avoid defaults – Defaulting on a current account with many banks can lead to heavy charges each month. A payday loan can be used as an alternative where you would simply pay a fixed interest charge instead.
Compare Payday Loan Providers
Lender Loan Amount Employment Bank Account Faxing Required Charges Get a Quote
Payday UK
 Up to £750 Yes Yes No £25 for every £100 Go
Payday Bank £80 to £750 Yes Yes No £20 for every £80 Go
£80
to £750		 Yes Yes No various Go
Quids till payday £80
to £750		 Yes Yes No various Go