Frequently Asked Questions About Payday Loans or Payday Advance
Prior to visiting this website, you may not have heard about payday loans or payday advance, much less know anything about how they work.
The names refer to the same product and are small, unsecured loans that are to be re-paid quickly. In most cases the loans are re-paid within thirty days, upon the applicant's next payday.
Payday loans are designed to help people who have suffered a financial emergency. These most often take the form of an automotive or medical emergency.
You may apply for up to £1,000, but the final decision on the loan amount will be made by the lender based on your application.
Please refer to our Renewals & Collections page.
One can apply online for a payday loan. The approval is immediately processed and one is notified of their status there and then. The funds are disbursed the next business day within no time once the client agrees to the terms and conditions.
For the completion of the payday loan application, the name, address, and contact, employment and banking details of the client are required.
To secure the personal information of the customer, our site uses a variety of security measures so that their right to managing their personal finances is not infringed upon. 128 bit Secure Layer or SSL encryption technology is used to transmit all the sensitive data between the browser and the website.
The operator of this website does not charge consumers for our service. Any fees charged to the applicant are charged by the lender. The average representative APR is 2120%, although the actual APR will depend on the lender that accepts you for a payday loan.
No, you are not required to take the loan once you have applied for it. If accepted, it is an offer for a payday loan, simply do nothing if you changed your mind. If you are interested in proceeding, you need to confirm your information with an electronic signature by officially agreeing to the terms and conditions online.
By using our vast array of lenders, we will make every effort to find one that meets your credit needs, even if your credit is less than perfect.
It makes no difference whether you own or rent your home.
Only in the rarest of cases will you be asked to fax any information.
No, payday loan is not granted before the previous ones are repaid.
No, the lenders follow a strict confidentiality policy. Until or unless required by law, none of your information would be passed on to any third party without your prior agreement.
The bank account of the client is required to be set up with direct deposit in order to qualify for a cash advance. This is one of the most secure ways to disburse loans as quickly as possible.
Upon approval, the Payday Loan is instantly transferred and you can use it the very next business day. In certain cases, the loan amount can be received the day it is applied for.
Terms and conditions vary, but typically you will be required to repay the loan on your next payday.
The borrower should immediately contact the lender if he is unable to repay the full amount by the due date. The borrower is further liable to legal action if they repeatedly fail to repay the loan.
The clients can avail our financial assistance any time between any periods. Payday loan is to meet the urgent needs and does not deal with continuous budgeting issues. So, the clients are encouraged to use these loans responsibly.
It is entirely possible that you do. As long as you meet the loan requirements, it does not matter if you work full or part time.
Most people apply for a payday loan as the result of facing a financial emergency. The process for an online payday loan is a simple one. First you apply, and if you meet the preliminary requirements you will receive instant approval. Once approved, you will receive a loan offer from the lender, outlining their fees, due date and other important information.
Review the offer and if the terms are ok, you agree by providing your electronic signature. The instructions on the offer will be very clear.
The loan is deposited to your account by electronic transfer. This sometimes happens the same day, but rarely longer than the next business day. The loan plus applicable fees is automatically deducted from your bank account on the due date.