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Payday Loan Lenders Are Available When You Need Them

Payday loan lenders are money rendering methods that lend money to borrowers to enable them to meet their expenses prior to their pay day. It is also known as pay check advance. It happens to many people; expenses arise when you least expect them to. The unpredictability of such issues can unsettle a person and render his or her performance financially low. In the quest to settle these issues, one results to borrowing. At times, borrowing can be difficult depending on your previous financial history.

Payday Loan Lenders, the Financial Backup

 A payday loan can cover the borrower’s financial requirement until the borrower gets paid. Whether you want to repair your car or some minor repairs in your home, or some utility bills in your home that you need to sort out, payday loan lenders gives any individual who has these financial needs the ability to do so without a lot of sweat. Truthfully, requiring money is not
another scientific invention. In most of neighborhoods, it is not strange to find loan companies that operate as shops in many of the streets. Their real business is giving people the short-term cash loans they need to keep their lives running throughout the month as they wait for payday.

Payday loan lenders are especially good for people who do not wish to involve themselves with banks and other major financial lending facilities. More often than not, banks will not give a loan without requiring you to give them some item as a collateral which will serve as security for the loan. Since a lot of people do not wish to give their homes or their cars to the banks because of fear of losing them in case they aren’t able to service the loans, they opt for the payday loan  since they do not need you to pledge a collateral for you to stand a chance of getting a loan.

The other most obvious reason that makes people rush for payday loan lenders is the amount of paperwork involved compared to other mainstream loan facilities.  Traditional money lenders such as banks are inconvenient. Even if the loans will be approved, it
may take some considerable amount of time, say two to four weeks and that kind of money may not help you since all you needed is a small amount of cash that will help you run your life till the your paycheck is ready.

As much as payday loan lenders do not require you to have good credit to qualify, it is good to point out that people with good credit history have very high chances of securing these loans. People with bad credit rating can use these loans to help them pull up on their credit score. The other thing that is so amazing is that a lot of lenders that give these loans do accept post dated checks, can you believe it? You can also apply for payday lenders online if you do not wish to go to their office personally.

Representative example on a loan of £200 repaid after 30 days:

  • Total charge for credit: £248
  • Payable in one payment of: £248
  • Interest: £48
  • Interest rate: 292% p.a.
  • Representative 1223.6% APR (variable)

Customer Satisfaction

Our Customer Service centre will respond to your emails promptly
Monday-Friday from 9.30am-5.30pm
*subject to lenders requirements and approval

Our company is a licensed credit broker and not a lender

Marc Obadia T/a - Payday Lenders Direct Registered Office : 8 Parson Street, London NW4 1QB
Financial Conduct Authority Interim Permission Number: 654479 Data Protection Registration: ZA060351 Payday Lenders Direct is Authorised and Regulated by the Financial Conduct Authority”
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