Payday Loans

Instant Money Payday Loans

Instant Payday Loans

Immediate access to quick cash through an Instant Payday Loan. Apply direct and get your loan secured for low cost and little risk. Instant payday loans are a very popular way to get immediate access to money. You can borrow from 50 pounds up to 400, 500 pounds. or even up to 1000 pounds. Apply online directly at one of many instant payday loan direct lenders in the UK. Instant decisions guaranteed.

These loan providers are also known as online short term loan providers. Typically you will have access to the loan for a period of twee weeks up to three months. The longer the stretch, the higher the cost. Be aware of the total cost and the time before you will have to pay back the loan.

Easy Payday Loans in UK

These payday loan lenders are plenty in the UK. You can easily apply for an instant loan at one of these lenders by filling in a form at their websites. These forms are simple to fill in and you’ll be ready with your application within minutes. Most lenders who offer instant payday loans promise to have your application dealt with within 5 to 15 minutes after which they deposit the amount on your bank account.

Some pay day loan lenders are a little hesitant providing loans where other providers make no difficulties. After you applied for a loan you will receive a proposal by e-mail, sometimes with an immediate offer for you to accept or decline. Or in other cases you will have to provide additional information.

But for some awkward reasons some lenders even want you to send a fax with additional information or some prove about your income; as if a photo taken with your cellphone of your bank account statement send by e-mail or through an online form on their website, isn’t enough.

Instant Payday Loans Costs

Before accepting your loan offer be aware that the world is not build by fairies and there is one very important thing to take into account: the total cost of the instant payday loan you are about to accept. These fees of these instant loans can differ between 20 to 50% of the total amount of money that you’d like to borrow, depending on

  1. The lender or the payday loan provider
  2. The amount of money you want to borrow
  3. The amount of days before the repayment.

So f you like to lend 200 pounds you have to pay this back, typically between 14 and 40 days (depending on the lender and your preference) and your cost will be between 40 and 100 pounds. Therefore the lender will expect 240 up to 300 pounds paid by you after 2 to 5 weeks. See for more information: What Do Payday Loans Really Cost?

Repaying Payday Loans

If you find yourself unable to repay the loan, you should get in touch with the lender as soon as possible. By getting in touch you may work out an agreement on when to pay back and how. This may also prevent more costs.

When you will call them, it may be wise to think a little bit ahead about what you would like to propose: by which date you think you will be able to repay. That’s what most companies would like to hear. Are you going to be able to repay the loan by next week? Or would like you to repay the loan in weekly or even monthly installments?

A large delay or paying in installments typically would mean extra costs, due to the interest rate or extra fees, but by working out an agreement together you prevent this cost to spiral out of control.

You should only get a payday loan if you can pay it back comfortably, on time and still afford all your other outgoings. You need to ensure that you don’t fall into a regular cycle of borrowing and repaying (source).

No credit check instant loans

Because most lenders perform almost no credit check, many people take out another loan at another direct loan provider to repay their old loans. Many consumers take out a so-called Instant Payday Loan For Bad Credit as a way to repay their existing debts or because they find themselves indebted and broke.

As such they keep on hopping from one lender to another and yet to another until the costs have totally spiraled out of all proportions. It’s at this point that people find themselves unable to repay their debts. They are stuck in the Debt Trap. Read I can’t pay back my payday loan, what can I do?

You should only get a payday loan if you can pay it back comfortably, on time and still afford all your other outgoings. You need to ensure that you don’t fall into a regular cycle of borrowing and repaying (source).

This is how debt can grow into a massive troll in your life. And it is vital that before you find yourself in this situation that you request help from others. There are organisations that can help you for free but it’s also a smart move to inform family or friends of the situation you’re in.

Reasons for Payday Loan

Before taking an instant pay day loan it is a good idea to consider if you really need the loan. Because the cost is so high generally you should only use the payday loan if you have to other alternative and if you are sure you are able to repay the loan within the agreed period.

It is also advised to not use Payday loans for secondary reasons. Budget-experts clearly advise to always make a budget and to save money instead if you are looking for a way to pay for non necessities.

Payday loans should never be used for larger expenses like a holiday, home improvements or Christmas. Instead, can you save for this event over a few months? Can you cut non-essential spending? (source).

If you desire to take on an instant payday loan for reasons of paying off debts, you are entering dangerous waters. It is best advised to make arrangements with debt-collectors for repaying those debts. There is always a possibility to repay a debt later, negotiate about it. If you need help with this you can always contact a special organisation such as

Short Term Payday Loans


Choose your own time to repay your loan with a Short Term Payday Loans. The shorter the term, the lower the cost. Take out a short term loan for three months maximum, two week minimum. You’d like quick cash in your bank account? Be aware of the terms and conditions of repayment. Only take out loans when you are absolutely sure you’ll be able to repay your loan including its costs.

Securing a short term payday loan is not hard, it’s just a few clicks away. Paying back the loan is often harder, and this is where the difficult part comes in. And be aware that most persons taking out loans are not fully understanding the risks of being indebted. Be sure therefore to find the right payday loan lender for you.

Short Term Payday Loans Same Day

Most short term Payday Loans cash out your loan straight away on the same day. They have specific batch operations through their bank. Once your loan is approved, and this happens often very fast, your loan goes into a batch operation that direct lenders push through their bank account regularly. The money is being transferred immediately after this operation is transmitted.

Often you’ll find the money of your loan on your bank account on the same day or otherwise the day after.

Not all payday loan lenders actually offer same day payday loans. Some take a couple of days to transfer the loan. It’s interesting to know why as it’s likely that most people will not take out a payday loan that takes a couple of days or more. Most people taking a short term loan would like to have their loan payed out at once, not in a couple of days. Though some payday loan providers are a lot cheaper when you’re not so much in a hurry.

For more information about short term payday loans you can also check the article on Instant Payday Loans Direct Lenders. There is more detail there on the cost and risks of these same day loans. To receive the best loan for you, on the best conditions it’s a good thing to think a little and know more about the lenders, their reputation and such.

Short Term Payday Loans Direct Lenders UK

To find a short term payday loan here in the UK doesn’t seem hard, but the key is to find the one with the lowest risks and costs. Are you sure that you can repay the loan and you just need quick cash before fresh money is coming in, they you may just settle with the first one of the list, but otherwise be sure you find one that won’t be so rough on you when something unexpected does come up and you find yourself not being able to repay the loan.

There is many payday loan lenders in the UK. More so than in any other country. This is also because of the lack of regulation in the country. Other countries tend to be much more strict when it comes down to regulating the loan industry. Take for example the maximum interest rates that a loan provider is allowed to ask for. In the UK there isn’t really a cap here. While in other countries there is. That’s why proving payday loans in the UK is way more lucrative than in many other countries.

It’s a pity for the consumers that they are left with so little regulation of those loan sharks in the country. The philosophy of the UK is that people left by themselves are intelligent enough to choose what’s good for them. Whilst true, there are also dangers on the path of life that include loan sharks. With flashy ads and easy to obtain loans people are persuaded to take out an instant loan, and it tends to be hard to resist taking out a loan when you are young and in need of quick cash. It’s therefore much better to regulate the payday loan industry to better service the people and help them protect themselves from unnecessary debt in the UK.

Short Term Payday Loans No Credit Check

Short term Payday Loans without credit check, choose your repayment schedule and obtain a payday loan directly. Hardly any payday loan provider performs credit checks. The only check they perform is your customer score. This enables people to shop from one payday loan provider to another and even to take out many short term loans at once.

The lack of a credit check is what drives many people to a payday loan provider. Quite a few people already have bad credit ratings and are still looking to secure a new loan, possibly to pay off an old loan. If you do not mind being hunted by debt for many upcoming years, than who cares, but this is not really what most people really want.

It would be good for the industry to share their information you would say. It wouldn’t be that hard to share information on credit ratings in a common database. This would for sure lower the burden of debt on a lot of persons, making it harder to obtain a short term payday loan. But the opposite is true as it’s more profitable to keep on offering quick, same day loans without any form of credit check.

What Do Payday Loans Really Cost?

Not all lenders of payday loans are always very clear about the costs of Payday Loans and they will always find new ways to increase their profit and your loss.

In the best situations you will be seeing a clear overview of what a payday loan will cost to you upfront. In the worst situation there may be some ‘hidden’ costs that are only known when you read the loancontract at full lenght.

When choosing a Payday Loan provider it is best to compare up to three lenders. Even in the case you may want to have the money right away it is best to wait a little bit and do a little bit of research.

Most payday loan providers will deposit the money on your bank account the same day as you apply for the loan. They have scheduled several moments a day when they deposit the loans, and some lenders even have a fully automated process.

Most payday lenders offer this kind of information on their website but not all are as accurate as they could be.

Comparing Pay Day Lenders

When comparing the different loan providers, it may be very smart to pay attention to exactly what amount you will have to pay back at what due date. Are you sure you are able to pay back this amount by that date?

It is a good advice to check the costs of up to three lenders before deciding which pay day loan provider you would like to apply with for your short term loan.

The cost of most payday loans tend to go up from 20% to 50% of the total sum you borrow. If you lend 200 pounds, this typically means you will have to pay back up to 240 up to 300 pounds within the agreed period (typically 2 to 5 weeks).

Think very well to know sure if this is really worth your money and be sure to know what are the exact cost and the total amount you need to repay.

Interest Rates Payday Loans

Many payday loan providers will lure you into a payday loan by advertising with low interest rates. Some payday lenders even advertise that their loans come with no interest at all. This is a smart marketing trick by which you can see that payday lenders are not always honest about their costs.

Payday loans should never be used to pay off existing debt (source).

Instead of interest, these lenders come with fees that you have to pay for the loan. They make it appear the loans come without interest costs but cover these up with other sort of costs, such as lending-fees or administration costs.

Costs of Overdue repayment

There may also be extra costs in case you are late with repaying your loan. In this case it is always advisable to inform the lender right away. There may be special rules in place so you have some extra time to pay back the loan without extra fees and costs.

In most cases though lenders tend to come up with quite some extra costs in case you’re late with repaying the loan. But you also have your rights and lenders cannot keep on charging you more and more for every day you’re late with repaying the loan. See for more information Repaying your Payday Loan.

Payday Loans

A payday loan is a popular choice to get access to money quick. Which are the options you can choose from if you need money fast? And what are the things to pay attention to?

There are many payday loan lenders in the UK. There is at least twenty or thirty known providers of these fast access loans. Some bigger players are even active with multiple brand names, creating the false idea that you have a choice between different offers.

How payday loans work

Payday loan providers transfer the requested loan to your bank account often within a day. The loan repayment, plus the interest or the extra fee is taken directly from your bank account on the due date.

“The typical charge is about £25 per month for every £100 borrowed. Advertised interest rates (APRs) are typically around 1,750%.” (source)

According to Wikipedia, most payday loan lenders charge quite a lot of money: 25% for an advance repayable at the end of the month.

A few charge 30%, which is equivalent to an APR of over 2000%. If you keep failing to repay your payday loan, this enormous APR could become a reality in a few months.

Risky Payday Loans

These pay-day loans are not risk free. The costs are high and many people get stuck for not being able to repay the loans. They often start hopping from one short-term loan provider to another.

Many payday loan providers are also known for aggressive marketing and other tricks they may use to make people use their services. They screen adds not only to people looking for loans but also advertise on tv and on billboards, to trick people with little cash to opt for a payday loan. These adds often do not inform you of real costs.

Costs Payday Loans

Payday loan lenders often advertise with false information. Most people look for the interest cost, but many times these costs are low or even non-existent. The real cost come as a “service-fee”, for paying out your loans fast, even instantly. Or they come with high costs if you’re overdue with repaying the loans.

You can find payday loan providers online, but there are also many lenders with actual shops where you can get cash in your hands straight away. You need to sign some papers and most likely bring some sort of identifaction, proof of address as well as some prove of income. They will inform you in some way of the cost of the fast loans, but they will probably not inform you more than what you will ask for.

Popularity of Payday Loans

Payday loans are very popular nevertheless. According to Wikipedia in one year “1.2 million people took out 4.1 million loans”. That’s almost 2 out of 100 persons in the UK.”