UK Payday Loans FAQ

What is a Payday loan or Payday Advance?
A Payday loan or Payday Advance is a short term loan taken for emergency purposes and is repayable on your next payday - max 40 days.

Is a a credit check performed against my application?
external credit reference searches are not done externally but only done to verify your identity. The lending decisions are based on internal credit scoring system which has been devised and developed on the basis of the lending experience.

How do I repay my loan?
the debit card is used or direct debit used from your current account to take repayment of your payday advance on your next payday.

Can I rollover my loan until my next payday?
Yes, loan extensions are granted at lenders discretion, however this is a short-term loan and is designed to help you until your next payday. Should you require credit for a longer period, then this facility may not be your best option and we would suggest you seek a more appropriate loan facility.

Do I need a cheque guarantee card?
No, but it is asked that you hold a valid debit card for the bank account where your wage gets paid in.

How soon will I receive my money?
If your loan is approved and your signed web agreement is received before 6pm, you could have your money the same day monday to saturday with the exception of applications received on a sunday, they will be processed the next working day. You can have your money sent by BACS to your account free of charge which takes three working days or you can pay an express service fee of £15, which is deducted from your loan amount, to receive your money the same day, next working day if you apply on sunday.

Will I need to supply any documents?
On rare occasions if the lender is unable to verify any contact information you have provided, he may require you to forward documentation to support your application.

Can I take a Re-Loan?
If you have previously had a loan with a lender, you can reloan at any time quickly and easily. You can request for the same amount as you previously borrowed plus up to an optional £150 top.

If all details, including your next pay date, match the details on vendors system, then your reloan can be processed on the same working day. If received before 3pm.

How much will I have to pay?

Our Standard Loans allow you to borrow up to £400 on your first loan then up to £750 there after, incurring Representative 2814.2% APR

Representative Example:

Rate of Interest = 29.5% Fixed
Total Amount of Credit = £225.00
Interest = £66.38
Amount Payable = £291.38
Representative APR = 2814.2% APR
Duration of Deal = 28 Days