Bad credit payday loans - Compare payday loans up to £750

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Payday LoansMin LoanMax LoanMonthly Income Req'dID RequiredChargesMore Info
Payday UK
Payday UK
£100 £750 £900 No £29 per £100
Payday UK are the fastest Payday Loan company operating in the UK with an online process from start to finish. Loans are approved instantly and you will receive your cash advance on the day you apply, paid directly into your bank account as cleared funds. What's more, you won't be required to fax any documents in. Address: Gloucester House, Church Walk, Burgess Hill, West Sussex RH15 9AS
Representative example: £275 borrowed for 28 days. Annual interest rate of 359.40% (fixed). Total amount repayable by one repayment is £357.36. 1909.1% APR Representative.
£1 £500 £750+ after tax No £25 per £100 provides customers with fast cash sent within the hour. We believe in full transparency of our charges and fees, and customer service always comes first. Please note: Not suitable for those with adverse credit history.
Common reasons for customers requesting a loan include:
  • Emergency or urgent bills
  • Running out of money and needing cash
  • Mortgage, rent or utility payments
  • Entertainment, holidays or Christmas
  • Lack of access to other funding/finance sources such as banks
Representative Example: Amount of credit £200 for 28 days. Total amount payable £261.61. Interest £56.61 Interest rate 360% pa (fixed). Representative APR 2477%.
Today Loan
Today Loan
£100 £1000 Unspecified Bank account £25 per £100
Today Loan offer customers throughout the UK an unrivalled chance of being approved a Payday Loan by comparing the Payday Loan market for you - so you do not have to. By working directly with UK Payday Loan Lenders we can have a decision to you instantly and the opportunity to have the money deposited into your bank account the same day you apply. Today Loan make the whole process of applying for a Payday Loan simple. A 2 minute application form - instant search of lenders - quick access to your money.
You must:
  • Have a valid bank account
  • Be over 18
  • Be a UK resident
  • Be employed or self employed
Payday Bank
Payday Bank
£80 £750 £750+ No £25 per £100
PaydayBank was established in 2006 and has exceeded its growth targets consistently. They have gained a lot of experience promoting their brand in the online market and they are highly committed in delivering results. They are one of the leading UK payday loan brands. PaydayBank offers same day payday loans. They provide an immediate response to their customers, who require quick loans of up to 750 GBP. Address: 28-32 Wellington Road, London, NW8 9SP.
You must:
  • Have a valid bank account
  • Be over 18
  • Be a UK resident
  • Be employed
  • Have an income of £750+ per month
Representative Example: Total Amount of Credit: £160; Representative APR: 1286%; Duration of Agreement: 31 days; Total Charge of Credit: £25; Total Amount Payable: £185;
Provident Personal Credit
£50 £500 Unspecified ID, address, income & NI Varies
Provident Personal Credit is the UK & Republic of Ireland's leading home collected credit company, offering small, unsecured personal loans and other related products. A name you can trust - 125 years in business. Address: 1 Godwin Street, Bradford, BD1 2SU.
You must:
  • Be a UK resident
  • Be at least 30 years old
Representative Example: Total Amount of Credit: £300; Representative APR: 272.2%; Duration of Agreement: 52 weeks; Total Charge of Credit: £246; Total Amount Payable: £546; 52 weekly payments of £10.50; Rate of interest 80.2% p.a. fixed; The information underlined is variable depending on the loan amount, product & term offered.
CUS4 Payday
CUS4 Payday
£100 £1000 Unspecified No £30 per £100
Receive £100 to £1000 in cash, in your bank today.
Poor credit record? No problem!
Self-employed? No problem!
One of their reputable payday loan lenders could put the cash you need straight into your bank account to tide you over until you get paid. Arranging your payday loan couldn’t be easier. Their simple application form will put you in direct touch with the UK’s leading payday loan lenders. Apply now to get the cash in your bank within 24hrs.

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Payday Loans

Your car just broke down and it will cost 250 to fix it - payday is two weeks away and you're a little brassic. What are your options? If you are looking for some quick fix in the form of cash to tide you over until the next pay day but have bad credit, perhaps you've considered visiting a Payday Loan company.

Payday loan companies are one of the fastest growing financial businesses of the last decade. But how exactly do they stay in business, merely giving out money based on post-dated cheque?

Well, the process is quite simple. Payday loan lenders are able to offer an individual the opportunity to take out a loan of a specific amount for a short time, which is to be repaid with their next paycheck (normally between 1 and 3 weeks). Most agencies also ask the "lendee" to write a post-dated cheque or give a bank account number to repay the loan on the agreed upon date.

Because this is considered a "short term loan" the standard rules of lending do not apply. The creditor doesn't usually check out the individual's credit history. So for those with bad credit, the payday loan company is looking for proof of employment (a recent payslip) and either a cheque or bank account. For this reason alone, people who are having problems clearing their credit find this a really good option - the money is available when it is most needed and repayment is easy with the next paycheck.

Payday loan companies can offer several different rates of interest, but as a rough guide, they would charge about 25 for every 100. To repay a 500 loan, you would pay at least 125 in interest, perhaps more. So effectively this is 125 for the use of the money for two weeks.

For people in a temporary fix, 125 to help them out of a fix doesn't seem like too bad a deal. If a person is suffering from bad credit, they may not have a lot of traditional lending options open, and have some expectations of paying the price for their bad credit.

Payday loans are a viable option for people who are in control of their financial situation. If you know that you are going to be able to pay the loan and the service fee in two weeks, this arrangement can work well for you.

Unfortunately, some people are getting in at the deep end when it comes to payday loans. They enter into the agreement knowing that in two weeks they won't have the funds to pay back the loan. They are just getting into an even worse state of debt. When the loan period comes to an end, they reapply for another loan, and of course need to pay even more. It's more common than you might think for these people to spend tens of thousands each year just in interest fees.

Payday loan companies represent an option for those individuals with bad credit who are working on getting back into a fit state financially. The simple truth is, for one reason or another, a lot of people aren't able to have credit cards. Credit cards are the first resort of most people use when placed in an emergency position. Payday loan companies offer the "credit card alternative" to people with bad credit - an opportunity to use their money for a short period of time with repayment plus interest. For people who are responsible and realistic about their commitments, this process can be a lifesaver.

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Contact Us | January 31st, 2015