What is a Payday UK Loan?
A Payday Loan is a short-term loan available in the UK which allows you to cover unexpected expenses when you have run out of money from last months paycheck.
What type of expenses can I use my Payday Loan for?
It is entirely up to you what you decide to spend your cash advance on, but I recommend that they are generally only used in times of a genuine financial emergency. Most common uses for a cash advance are car mechanic bills, medical emergencies and other expense unexpected events in your life when you need access to money quickly and without hassle.
How long before the cash is paid into my bank account?
The cash will be paid into your account within 24 hours. The actual time it takes to show up in your account will be dependent on your bank.
How do I qualify for a Payday UK Loan?
Almost anyone in full-time employment qualifies. You need to have a UK bank account, a valid debit card and to be over 18 years old. Credit checks won't be carried out when you apply for the loan so you don't have to worry about your low credit rating.
How is the loan repaid?
On your next payday the lender will debit the agreed payment from your bank account by direct debit. No need to worry about remembering to pay, the process is completely automatic.
Can I delay the payment of my Payday UK Loan?
You can indeed defer payment of your cash advance if you need to, however I always advice you to ensure you will have the required money to pay off any payday loan before you enter into the contract as delaying payment will result in increased charges.
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