Payday Loan Guide and Information.
Welcome, the place for excellent payday loan information. It is hard nowadays to find a place for borrowing, and harder still to find a payday lender who will take us on. That is why it is a good idea to take your time on the search for a good loan. You may find that where one lender has some areas which appeal, another may offer a better APR rate. We have focused on four loan providers who each offer a different service.
Payday Loans – What are they? and What they are for?
Payday loans are designed for those who have a poor credit history, CCJs, or even no credit history. If you are new in a country, or a recently graduated student, it can be hard to be accepted on a payday loan through no fault of your own. Payday Loans can be a lifesaver when you really need to get your hands on some extra cash. This might be for bill which urgently needs paying, or even a holiday. The idea is that you pay back the loan by next pay day – usually within two weeks to a month. What is key to this kind of loan is that you are prepared for the repayment, as the APR rate is usually pretty high. That means you could end up paying back much more than you’d like. If you are unable to pay back, you could end up with a worse credit rating than you began with!
1. Payday Express – Small but Fast
Payday Express is a UK company who can offer a small but fast payday loan, of between £80 to £800. The application takes place online and the borrower will get a decision in minutes. Being accepted isn’t hard – all you need is to be in employment and have a debit card for the bank account your wages are paid into. As with most payday loan lenders, Payday Express will consider you even if you do have a bad credit history. Once accepted, you can receive funds on the same day!
2. Purple Payday Loans - Loan Broker
Purple Payday offers up to £750 and cash into your account the same day as application. The entire application takes place online and is designed to be easy and hassle-free for quick access to cash. The loan period is less than 31 days, so it is wise to keep this in mind when applying. With Purple Payday, you will need a bank account to receive your money but you are not required to have a debit card. While Purple Payday offers a discreet service with no credit checks, they do require that you are earning at least £750 a month which is higher than many other payday loan lenders. The total repayable amount with Purple Payday is 125% so make sure you can afford this loan.
3. Uncle Buck Payday Loans
Uncle Buck is one of the UK’s LEADING payday loan lenders. Uncle Buck can even lend to people with bad credit, so if even if you have a poor credit history you are still eligible to apply for a payday loan with Uncle Buck. If you are a new customer you can borrow up to £400 and existing customers can borrow up to £1000. There is no need to fax or email any paperwork, just fill on the online application. Uncle Buck is open for business every day except Sunday to help you with your emergency cash needs. You must be over eighteen years old to apply for a loan with Uncle Buck and you will need a debit card if you want to be accepted for a loan.
4. Bongaloans
If you are looking for a short term cash injection which can be in your account within minutes then Bongaloans can offer you payday loans of £100 directly into your bank account. The interest on Bong loans is high but you are expected to pay back the money within a week. If you borrow £100 for one week then you will pay back £110 at the end of the week so the process is very straightforward. Once you have registered online with Bongaloans you can simply text them whenever you need a loan and the money will enter your account in no time. Make sure you pay the money back on time as the fees for late payments can end up being very expensive.
