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 Welcome to our site |
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How does it work? |
| The place to find a short term loan for all your emergencies,we are here to find you the cheapest loans online,we check daily so you don't have to,we are a completely free service and are here for advice only, we have all seen the adverts advertising payday loans for £1 million percent,well we will advise you on the best payday loans available and remember we are not sponsered by anybody,we are an independent website and will advise you without influence from any payday loans companies,please enjoy your stay with us and remember that we are only a click away. |
We have icons on our site that will show the reputation of the Payday Loans Company,we rely on your input for the customer service and price and each will reveal a score out of 100,just hover over the icon and it reveals the percentage,if you would like to leave a score please email us with the scores,we have our next pay day icon which we will add our own score on customer rating and overall scores,remember if you would like us to review any short term loan then email us with the details we would love to hear from you and we will show the results on this site. |
Once all your information has been verified, a loan will be offered. The provider will let you know their process to complete the loan. The loan amount will be sent directly to your bank account. You may even receive it as early as the same day.
The loan is repaid on your payday using the debit card details provided by you. You may extend the loan to the next payday at anytime up to 3 days before you are paid.
remember that the payday comparison chart is on our payday compare page
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| How much APR ? |
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Most people don't understand the true meaning where it quotes things like "2000% apr" eg if someone got a payday loan for £500 and had to pay back £750 then that would be 50% interest,If they had to pay the loan back within 1 week (as it is a payday loan) then there are 52 weeks in a year so the 50% refers to the interest which is due in the 7 day period would equate to 50% * 52 weeks = 2600% apr (annual percentage rate) so therefore they are quoting what it would be if it was a loan which was spread over the 52 weeks (annual) ,It is calculated as annual percentage rate, but alot of loans are paid back much sooner than a year so the loan percentage rate is multiplied to reflect the annual percentage rate (apr) |
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You must be in work?
For qualifying for payday loans, a borrower requires to be in regular employment with a current valid bank account. While submitting payday loans application you would be required to fill in the details about employment and bank account number
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Secured Loans and Homeowner Loans
Secured loans for those who wish to consolidate their existing debts into one easy low cost Homeowner Loan repayment. Our low cost loans can be used for a car purchase, home improvements, holidays, and just about anything. Our loan service is available in England, Scotland, Wales, and northern Ireland.
When you borrow money, look no further than Polar Loans. You can borrow anything from £3,000 to £500,000. No Tenants Please. if you are interested in a uk secured loan then polar loans are for you. visit there
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| Example |
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Payday loans are short term cash advances that tide you over to your next payday. Our lenders charge a fixed flat-rate fee which covers interest and administrative costs. Typically, you pay £25 for every £100 you borrow, although exact terms vary from lender to lender. You should check these terms carefully before proceeding with the loan. This is comparable with bank overdraft fees. The typical APR is 1355% . The APR for Payday loans can look very high. This is because it includes the administrative costs and the APR is calculated based on the cost of a loan over one year. However most Payday Loans are for a period of no more than 60 days and based on a fixed rate per Payday Loan. For example:
Customer 1 borrows £200 over a 30 day period.
Total amount repayable £250.
APR 1355%
Customer 2 borrows £200 over a 15 day period.
Total amount repayable £250.
APR 22694%
As you can see from the above examples, the amount of the Payday Loan does not affect your total repayment and, although the APR adjusts according to the period of the Payday Loan, the interest charge remains fixed. Please ensure you review all the possible costs to you before accepting any loan offer. |
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| Credit Scoring |
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A credit score is a check done with a credit reference agency to confirm how well you manage your money,We use this to approve your loan and confirm your identity. |
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One way to get a reality check is to look at your credit report. It will give you an idea of what you've borrowed, how much is outstanding and how well you're managing repayments. It might even end up reassuring you and regular checks will help you to keep on top of your finances. That could make the difference between being turned down for credit or having to pay high interest and not getting the deals you want.”
You can see your Experian credit report for free with a 30-day trial of CreditExpert , the UK's leading online credit monitoring and identity fraud protection service. |
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Research from Moneysupermarket
shows the take-up of short-term payday loans has seen a massive upswing, increasing by over 55% since September. The price comparison site said the rise in payday loans is astronomical and symbolises just how
difficult people are finding it to cope day to day. As disposable income is being squeezed through increases in the cost of food, fuel, utilities and general living necessities, these loans are being increasingly used to help those on a tight budget. |
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Updated : Fri, 05 Sep 2008 21:36:24 GMT
New UK car registrations last month were at their lowest level for any August since 1966, figures show.
Publ.Date : Thu, 04 Sep 2008 11:22:56 GMT
The European Central Bank keeps eurozone interest rates at 4.25% after its latest meeting.
Publ.Date : Thu, 04 Sep 2008 15:28:37 GMT
Insurance customers could have been left without the cover they paid for after directors misused clients' money.
Publ.Date : Wed, 03 Sep 2008 09:25:52 GMT
Downbeat US employment ad retail data adds to economic jitters despite more positive figures from the service sector.
Publ.Date : Thu, 04 Sep 2008 17:25:43 GMT
The Abbey is the latest lender to reduce interest rates on its mortgages during the longest period of cuts since the credit crunch began.
Publ.Date : Thu, 04 Sep 2008 12:21:24 GMT
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