What is a Payday Loan?

A payday loan is designed to be a short term loan to tide a person over between paychecks. Typically the values range between £100 and £1,000. Payday loans due to the very nature of the product have far higher APR's than a typical loan so should only ever be used for short periods of time and should never be rolled over for a longer period. The typical use for them would be an emergency like a car repair or urgent bill that needs paying. The typical cost of a payday loan is about £25 for each £100 you borrow. To qualify for a payday loan ususally you will need 1.    Proof that you are at least 18 years old.  2.    Evidence that you are a resident or a citizen of the United Kingdom.  3.    Proof that you have a regular source of income. 4.    Current account details.  Normally you will need a bank account to get a payday loan. If you have county court judgements against you or debt problems most payday loan providers will still accept you as credit checks are not normally carried out when you apply for a payday loan. Below you can find details on a variety of payday loan providers.

Payday Loan Company	Further Information	Direct Link
Payday UK	Payday Loans are short term small loans, repayable in full on your next payday, also called Payday Advances. They enable you to free up some cash straight away for anything from child care to a plumbing emergency, up to £750.Don't lose sleep over it, get a Payday Loan Now!
Wonga	Wonga is a ground-breaking online lender based in London. They're backed by major investors including Balderton Capital and their mission is to provide consumers with instant money whenever they need it. Wonga is different from other online lenders because their sophisticated risk and decision engine means the application and approval process takes literally minutes. There`s no paperwork, or hanging on the phone – the entire service in online and real-time.
Redhouse Financial	The process to receive a £80 to £750 short-term payday loan is simple
Purple Payday Loans	1. You must have a valid bank account that will accept direct debits. This includes basic bank accounts that do not come with an overdraft or debit card. 2. You must be at over 18 years of age. 3. You must be a resident and be eligible to work in the United Kingdom (England, Scotland, Wales or Northern Ireland). 4. You must be employed and receive a regular salary. 5. You must have your salary paid directly into your bank account. 6. Lastly, you must have a minimum take home pay of £750 per month.
Wageday Advance Payday loans	2 minute secure online application & approval. Same day £80 to £750 payout possible. Major UK specialist online lender since 2004. Over 100,000 completed loan transactions. UK Call Centre. Wageday advance payday loans say yes to 85% of all applicants. No credit checks, CCJs & defaults - no problem