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Q
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What is a payday loan?
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A
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A payday loan, sometimes known as a payday advance or cash advance, is a small loan usually £750 or less repayable on your next pay day.
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Q
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Why use a payday loan?
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A
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It is very difficult to arrange a small short-term loan from a high street bank within 14 days! We are in business to provide cash advances/payday loans within 24 hours.
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Q
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Will bad credit affect my payday loan application?
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A
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Not necessarily, we review all payday loan applications taking into account your current circumstances and your ability to repay the loan on your next payday. We do this by checking your income and outgoings to ensure you will have sufficient funds in your account when your payday loan is due to be repaid.
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Q
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Do I need a cheque guarantee card?
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A
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No you don’t. As long as there will be sufficient funds in your bank account on your pay day to repay the payday loan we will arrange your cash loan.
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Q
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What can a payday loan be used for?
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A
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The cash can be used for any purpose – to pay bills, buy something, go on holiday etc. There are no restrictions, you can use the money for anything you like. It’s your money until pay day.
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Q
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I’m a tenant – is this a problem?
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No problem at all. We make cash advances to homeowners, tenants and those sharing with others.
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Q
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How will I repay my payday loan?
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A
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We will take the repayment using your bank account debit card on your next payday.
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