Representative 669.35% APR (variable).
Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). *Subject to application being approved by the lender. Representative 669.35% APR (variable). *Not all lenders are able to provide up to £5000.
Warning: Late repayment can cause you serious money problems. For help and advice go to moneyadviceservice.org.uk
How Direct Payday Lenders can Help You with Cash Flow Problems!
If you happen to be having cash flow problems at the moment, it is important that you make a point of exploring what direct payday lenders have to offer. These payday lenders have helped many people to get the money they needed quickly, and they can provide you with a simple and effective borrowing solution. These days lots of people are applying for these loans because they can be incredibly helpful in so many different situations. Almost anyone who needs financial assistance right away should at least consider this option.
Anyone who has ever had some important expense suddenly arise but hasn’t had the money knows how frustrating and stressful it can be. There are many different types of loans and lenders to choose from, so you will need to make sure that you choose the right one for your needs.
What Are Direct Payday Lenders?
Direct payday lenders are essentially private lenders that give out short-term loans with a payback period of around two weeks. Loans can be anything from £100 or so right through to £5000. These lenders are not associated with any bank or credit union, as they are independent business entities. When you borrow money from one of these lenders, you don’t go through any sort of middleman. This is the straightforward borrowing option that exists.
Why Borrow from a Direct Payday Lender?
There are many reasons that you should at least consider borrowing the money you need directly from a payday lender. One of the best things about this borrowing option is that it is quick and simple. Most people who take out a loan through their bank or credit union have to wait a matter of days after they are approved before they can get their money. These lenders make borrowing very easy so you can get the money you need right away. Another reason to consider borrowing from a direct payday lender is that bad credit isn’t necessarily a problem when trying to get approved.
Best Reasons to Choose a Direct Lender
A direct payday loan lender can provide you with the money you need fast, and you won’t have to worry about paying a broker a fee. This is a very straightforward way to get the money you need, so you won’t have to wait very long to get the money at all. You will only have to worry about dealing with one person, there won’t be any complications whatsoever. This is the simplest way to get a loan, and it works well for many people.
What do Lenders look for in Applicants?
There are a few different things that payday lenders look for in those who apply, and it’s important that you know what some of them are.
The following is a list of the more important things that these lenders consider before making a final determination.
- Regular income: All of these lenders look at how much money you make every month, and they will require you to submit proof of this before approving you.
- Employment history: You will also need to submit proof of a stable and regular employment history to get approved for the loan you need.
- Contact information: It will be necessary for you to show proof of a valid and current address and phone number where you can be reached.
- Identification: You will be required to show proof of your age to get a payday loan.