Need some help? read out FAQ`s for peace of mind
"What Do I Need To Get A Payday Loan?”
Answer
Basically all you need is a job with a minimum wage, and the ability to repay the loan amount on your next pay period.
You borrow the amount you need for a short period, 30 days or so, in some instances you can borrow for a longer period if you pay the monthly interest, and when you next get paid, you repay the loan.
What could be simpler!
“Can I Be Rejected For A Payday Loan?”
Answer
It would be rare but it can occur. As long as you are working and can repay the loan, the loan should be approved. Even if you have poor credit.
What Can I Use Payday Loans For?
Answer
You can use the loan for whatever you wish. It may be to pay of a high interest charge you may have or would incur through your bank, or just to meet ends until your next payday. Maybe your car needs to be repaired or the washing machine has died and you need to get it fixed and won’t have the funds until you get paid.
Who Can Apply For Payday Loans?
Answer
Anyone who is working and has a wage, a bank account and is need of a loan can apply.
I Need a large loan and want to pay it back over the next few years, is a Payday Loan for me?
Answer
Payday Loans are probably not what you are looking for and is not suitable for your situation. Payday loans are for the short-term needs, not something to be paid back over a few years.
How quick can I be approved and get my money?
Answer
In some instances just a couple of hours, that is how fast you can be approved and receive your cash.
Will my employer be contacted?
Answer
In most instances no, your employer does not need to be contacted. This would only occur if there was an issue with your pay slips or the lender needed further proof of your employment. Or if for any reason you did not repay the loan.
What information is needed from me to get a Payday Loan?
Answer
Your name, address, and date of birth. All your contact details.
Your employment details, employer, wage, pay slips.
Your banking details, account and debit card information.
How much will I pay back for my Payday Loan?
Answer
How much you will be paying back for the loan depends on how much you are borrowing, and for how long. Also, it depends on what the APR (annual percentage rate) is for your loan. See the calculator above for illustrative purposes.
Which Payday Loan company should I go with?
Answer
That really is an individual matter, many Payday Loan companies have the same criteria/requirements for their loans, some have different fee structures and different times in how quickly they can process your loan and give you your money. Here at PaydayLoans.co.uk we apply to the cheapest, fastest and most suited Lender first. We have over 20 of the Top Industry Lenders on our panel so we will improve the chance of you obtaining your loan up to 95%. Every lender has to be ethical, fair and compliant in-order to be accepted onto our panel so you know you’re not dealing with any unregulated Lender.
What If I Am Self-Employed?
Answer
Being self-employed should not be an issue as long as you can show you have been working and can document regular income being paid into your bank account.
Can I Rollover My Loan Until My Next Payday?
Answer
This can vary among lenders as to how they will approach this. Some may want the interest paid on the loan to allow it be rolled over, and some may want the balance paid down by a set amount.