Choosing any kind of financial product should always require research into the best option as ultimately, any decision you make is going to cost you money and have short and long term implications, therefore you need to be certain that any decision you make best suits you. Choosing a guaranteed payday loan is no exception, [...]
An overview of the UK payday loan industry There has been very little research into the UK payday loan industry, partly because it was only introduced to the UK in 2009 and partly (based on an assumption) that there is simply not enough money on the government’s budget to continue to measure and monitor the [...]
Cash till payday loans have become a popular source of short term finance in the UK ever since they were first introduced in 2006. The concept of payday loans is that they are a short term loan of between £50 and £1000 which can be borrowed for between 15 and 31 days. The repayment of [...]
Approximately half a million people take out a payday loan each month in the UK therefore there is a huge demand for this type of financial solution. One of the biggest selling points that guaranteed payday loans companies often cite is that they are cheaper than overdraft fees. Therefore we have looked into this statement [...]
Cash till payday loans have become a popular way to subsidise income following the rise in living costs and a squeeze in wages. It is harder than ever to make one wage last until the next payday and more and more people are starting to worry about cost of living and how they will make [...]
Payday loans are firmly established in the financial market as a short term source of finance. Ever since they have arrived in the UK, their popularity has soured thanks to their accessibility. The demand for these types of loans is so high because of the current fledgling economy as more and more households are struggling [...]
The exact origin of payday loans is a little sketchy. Resources indicate that the concept of ‘loans’ started as far back as thousands of years ago when Rome was in power. The only thing for certain is that payday lending stores began to appear on the US and UK high street in the early 1990’s [...]
One of the major selling points of payday loans is that they do not conduct credit checks and even if they do they score credit ratings very leniently. This means that they often attract people or businesses that have a poor history with debt and may have missed payments, incurred CCJs or even bankruptcies on [...]
When it comes to borrowing money, you owe it to yourself to be absolutely certain who it is that is prepared to give you a loan. This has never been more prudent than in the case of payday loans as this industry unfortunately is largely unregulated in the UK. The implications of this are that [...]
Cash till payday loans were introduced to the UK in 2006 and ever since then, their popularity has rocked, which is quantified by the fact that the industry is now worth £1.7 billion. The premise of payday loans is that they are a short term loan for a period of between 15 and 31 days, [...]
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Chris needed to borrow £100 until payday. He applied here online and got his money within the hour. Chris repaid his loan when he got paid 28 days later at a total cost of £125.
Representative APR 1737% (variable*)
