Payday Loans are a short term solution for your immediate financial needs. Apply today for a fast cash payday loan and get up to £750 in your bank account today. No faxing of documents is required in most cases. Everything is online and completely confidential. Apply now and see how we can help you through.
A Payday Loan is a quick solution to a short term financial crisis. Many consumers favour Payday Loans over Credit Cards as it provides them with the funds they need now and no long term debt worries.
A financial need for any particular reason, can lead us to borrow money in the form of a loan
Whether you need some extra cash fast to repair your car or looking to buy a new one, home improvement, renovations, medical bills, rent – you name it. There's a solution for every need
COMMON MISCONCEPTIONS
Payday Loans often carry a stigma that the APR% (Annual Percentage Rate) is quite high. Alas, the APR quoted on Payday Loans is frequently misunderstood and is not a true measure of the quality of this loan type.
An APR is a rate that is charged for credit that is repaid over a substantial period. As the average Payday Loan is outstanding for less than 30 days, the APR quoted looks extremely high, due to the short period of the loan, inherent risk and setup costs.
Payday loan providers are regulated by the FSA and are legally obliged to quote an APR, which can quiet often cause some confusion. The APR does not affect the total amount repayable on your next Payday. The MEM Consumer Finance Ltd service charges a fixed rate for one month Payday Loans.
APRs are impossible to use as a tool for comparing Payday Loans against other cash advance needs, such as bank overdraft facilities, store cards and credit cards.
Unfortunately, APR is inappropriate as a measure of Payday Loan fees. Nevertheless, once you apply for a loan, you will be presented with the resulting theoretical APR in order for you to be able to compare this APR with other short term money lending solutions such as loans, credit card advances, and other options.
PaydayBank is a trading name of PDB UK Ltd - providing financial services and advice in the UK since 2004. PDB UK Ltd is licensed under the Data Protection Act 1998. Data Protection #Z1696368
Our Office Address:
PDB UK Limited
Churchill House
137 Brent Street
London Nw4 4DJ
