Payday
Loan Questions
What is
a payday loan?
A payday loan
is a short term
advance of money
to solve your
urguent cash problems.
These are usually
cheaper then getting
costly bank charges
and long term
interest from
a normal
loan. To apply
for one does not
require any forms
to post or ID
to send back through
the post so you
get your money
quicker, usually
the same day subject
to your bank allowing
for this. Our
services are not
long term answers
to your finance
situation and
are not ideal
to solve long
term money worries
and problems you
may have. We charge £25
for every £100
you borrow, typical
annual APR is
1355%.
How long does
the whole process
take?
We send your application to 9 lenders. It takes 1 minute
to complete the
application and
you get an instant
answer, we send
the money the
same day if accepted.
You can apply
online anytime
at all.
What
amount am I able
to borrow from
you?
We offer
amounts to borrow
from £80
upto £1500,
once you pay
back your first
loan with us
ok the next
time you can
borrow more
from us.
Do I have to
post forms or
ID back or fax
anything to you?
No there
is no faxing
done at all
or forms to
post back unless we request this when you apply, in most cases this is not required.
Why does your
APR seem really
high?
The APR figure
you see of 1355%
is not a true
reflection of
how much our charges
are. We have to
display the yearly
or annual APR
figure even though
the payday loan
is only for a
few weeks or month
or so. Our fees
are £25
for every £100
you borrow and
nothing more.
Can I apply to
use your service?
Anyone can apply
with us so long
as you are in
work, aged over
18 years of age
and have your
very own bank
account with a
debit card as
well.
Do you peform
a credit check
on me at all?
We may perform a credit check in some cases however this does not mean you will be declined even if it shows arrears, ccj's or defaults, you can still get accepted.
My credit rating
is poor what can
I do?
That is not a
problem for us,
you may still
be accepted for
our payday loan
service, as there
is no credit check
done, we base
your application
on your present
status.
When do I get
my cash if I have
been accepted?
Once you apply
you find out there
and then if you
have been accepted.
If we say yes
we send your money
straight away
to reach your
bank account direct.
Providing your
bank accepts same
day transfers
which some do
you will get access
to your funds
the same day,
please note though
some banks take
upto 48 hours
to show the money
as clear for you.
How is it paid
back to you?
During the application
process once accepted
you simply enter
your personal
details and bank
account and card
details, we then
deduct what you
borrow from us
plus the charges
on an agreed date
when you next
get paid from
where you work,
you don't have
to do anything
more.
What
if I run into
problems paying
it back to you,
can I delay
payment back?
If you are having
problems paying
it back you may
defer payment
a further 2 times
although extra
charges will be
added per month
at the same rate
of £25 per £100
per month. We
encourage you
to pay your loan
back when agreed
and not defer
the payment.
