Payday Loan UK is an established service, providing loan solutions to lenders with various backgrounds. Even bad credit loans are available. Remember that you can use a well handled bad credit loan to rebuild your credit rating! Loan amounts range from £100 to £1000 and the standard repayment schedule is two weeks, although longer loan periods are negotiable.
Payday Loan UK
Loans are applied via the simple web form on Payday Loan UK’s web site. They advertise a 1 minute application time to fill out the form. Same day loans are usually granted within 2-3 hours. You need a regular income of atleast £1500 to apply.
Quick Cash Box claims to accept 95% of all loan applications. The do not conduct credit checks and a CCJ will not be a problem as long as you can prove that you have the regular income to handle the loan. No paper work or faxing is required to apply. Money is usually transferred on the same day.
Quick Cash Box
There are no hidden costs at Quick Cash Box but the APR is quite high. You pay a $4 administrative fee to get your application evaluated. We do not recommend Quick Cash Box due to the fee involved in applying and some negative customer reviews. There are lots of loan providers who do not require a fee for applying. The fee will not be returned if your application is denied.
E-PayDayLoan is a popular loan service with a wide range of payday loans. In order to apply you need a regular income of at least £335.50 after taxes. Credit ratings are not an issue as your loan approval is typically based on a simple income test. You do need to have a valid chequebook and cheque-guarantee card and 18 years of age. First loans are capped at £300 or 30% of your monthly income. It is possible to loan £1000 after showing that you are a trustworthy client.
E-PaydayLoan
100% online application is possible at E-PaydayLoan as long as you fill the lengthy application form. No faxes or telephones are needed and an instant loan decision is guaranteed. In addition to online support a toll free customer service line is also available.
Speedy Quid is an international company with an office in London. They offer various quick loans with a typical APR of 2339.3%. The limit for initial or no-fax loans is £500 but it is possible to get even £1000 after a well handled repayment. The requirements for Speedy Quid are 18 years of age, full time employment, UK residence and a Debit card linked with a bank account.
Speedy Quid
Transfers are available using the CHAPS or BACS technology. BACS is the traditional type of transfer that can take up to three working days to show up on your account. A CHAPS transfer will be on your bank account on the same day. A small financial charge is carried out if you choose the CHAPS transfer.
Credit ratings are not considered in the payday loan approval process. You must be able to prove that you have sufficient income to apply.
Mini Credit
Mini Credit is a London-based lender with fully customizable loans and repayment schedules. Use the slider on the web page to apply for a loan with the preferred payback schedule. Loans range from £100 to £400 with loan times up to 42 days. Application is possible via the web page or by text message. The whole process is paper-free.
Mini Credit has been getting bad reviews from customers lately and is therefore not recommended by us. Credit checks are conducted on applicants and approval rates are not especially high. Expect a £1 fee for registering and applying.
THL Direct is UK-based and advertises itself as a responsible lender. You must earn at least £900 after taxes to apply. It is possible to apply online by using the THL Direct website. A loan extension application is also easy to fill out online. The extension fee will be £25 plus interests. Keep in mind that extension acceptance is not automatic and you might get declined.
THL Direct
There are two kinds of loans available. The standard loan is delivered in 48 hours once accepted. The FastTrack loan will generally be on your bank account on the day of acceptance. Before applying, see the THL website for a list of banks for which the transfer might take a bit longer to clear. The FastTrack loan costs an extra £25, which will be added to your loan amount.
Despite the rather high credit charges and application criteria, we recommend THL Direct. Application is easy and there will be no unpleasant surprises along the way.
For a Payday Solution loan you need a job, a bank account and a debit card. Its as simple as that. Loan applications are assessed individually. The loan amounts can be up to £1000 with personalized repayment schedules. All in all, Payday Solution offers a very easy service if you are in need of money. This comes at the cost of fairly large finance charges.
Payday Solution
It is possible to verify your loan by either sending in copies of a photo id. Alternatively it is possible to verify your loan by paying a small fee with the debit card that will be used for repayment. The standard verification fee is £5 and the express fee is £10. The express verification guarantees same day processing for your loan. Keep in mind that even if you pay the verification fee, your loan application might still be rejected. The loan amount should be proportional to your income in order to get accepted.
Instant Txt Loans is specialized in the field of mobile loans via SMS. The loan amounts are relatively small as the first loan is capped at £50 but the maximum loan amount is £750. Interest rates are at an industry standard.
Instant Txt Loans
Registering online will give you the opportunity to have a quick loan only one text message away, should you have a financial emergency. The typical APR can be as low as 1355% on a 30 day loan.
Though Mr Lender is a relatively new operator in the business of payday loans, they have proven themselves to be reliable and able to provide competitive prices. Loan amounts are capped at £500.
Mr Lender
On Mr Lender’s home page you will find a very illustrative tool showing how the costs of a loan grow compared to the loan amount. Loans are available at £10 intervals all the way from £10 to £500. Frequent loaners may be able to raise the loan amount up to £750. As you pay back your loans to Mr Lender you will get a better “friend rank” and be able to loan more.
Using Mr Lender’s services will have an effect your credit history – either positive or negative. Payday loan services such as Mr Lender are an excellent way to improve your credit ratings. By taking care of the debt properly you will receive a positive feedback to your credit history and be a more prospective and reliable client to other lenders in the future. Credit ratings might also affect the costs of future loans.
Cash Choice
Cash Choice is a cash advance loan provider originally from the USA. They do not require any forms to be faxed to apply for loans. The loan amounts are from £200 to £400 with rather steep requirements on employment and incomes. Cash Choice has a referral program but the details are not stated. The UK web site does not work as it should and customers have been giving Cash Choice numerous negative reviews. Try at your own discretion. To say something positive, Cash Choice does have a rather good payday blog on their web site.
