Payday Loans

A payday loan is essentially a payday advance, designed to tie you over until you next payday. If you are looking for an instant cash injection a payday loan can come in handy. Payday loans are unsecured short term loans best used as a last resort to cover emergency expenses. It might be that you need to pay a bill before your heating or electricity gets turned off, you need to have your boiler fixed, or for urgent car repairs. In financial emergencies like these a payday loan can be an important lifeline for many who would otherwise be unable to pay. Sometimes they can even work out cheaper than overdraft charges or going over your credit limit but this is not always the case.

Payday loans are really popular because they are so easy to get hold of and you can have the money the same day you apply, sometimes within 60 minutes. With payday loans there are no lengthy application processes and you can simply fill in a form online. Payday loans are very accessible because if you have bad credit, have been refused a loan elsewhere or even been bankrupt you can still take out a payday loan because there are minimal credit checks involved. Usually you will find that the minimum requirements are that you have to be 18 or over and be a UK citizen with a bank account.