Frequently Asked Questions

1. What is a Payday loan?

A payday loan is a cash advance that solves temporary cash flow problems by bridging the gap between paydays. In many cases a payday advance is a cheaper alternative for individuals who might otherwise be forced to pay high interest rates and pay costly bank penalties, unpaid bill charges and credit card charges.

A payday loan is not a long term solution to ongoing financial problems. We strongly recommend against using it to help pay for regular credit commitments.

In the case where you feel you have debt problems which you feel can not be solved by you individually, we recommend you contact the Consumer Credit Counselling Service, a charity dedicated to providing confidential, free counselling and money management assistance to financially distressed families and individuals or visit www.cccs.co.uk.

2. How much can I borrow?

You can borrow any amount between £80 and £750.

3. Would Bad Credit affect my loan application?

No - As with any loan application we look at your current financial performance to ensure that you will have sufficient funds in your bank account on payday to cover your repayment and meet all your other financial commitments.

4. How do I repay the loan?

Your debit card is used to take repayment of your payday loan.

5. How much do I need to repay?

The fee for a Payday loan is £25 for every £100 borrowed. For example, if you borrow £200 the total fee is £50. Click here to see a table of fees and repayments repayment.

6. Is it possible to roll the loan over to the next payday?

Yes, that is possible. However, after rolling your payday loan over twice we require that you begin to reduce the balance.

7. When will I receive my Payday Loan?

Most customers can have funds paid into the account on the same day. However some banks take longer to clear their funds. In this case the funds should show as cleared within 24-48 hours.