Compare payday loans.

I case you need money urgently for various emergencies, apply for a payday loan. In that case you may get up to £800. But finally you are to pay off about 25%.

Many financial banks and agencies make payday loans. But there are different requirements. Thus, the company FLM Payday Loans can make quite a big loan (£5,000). In many banks you can get such a big sum of money only in case you’ve made a secured loan. But you need a special guarantor (anyone who will back your application). These people (guarantors) should have good credit history, but they may not be homeowners.

An average sum of money varies from £ 50 to £ 750. Many agencies like Payday Express, 123 Payday, Get Me To Payday and others have different strict requirements. You are to reside and to be employed in the UK, you must be 18 or over. In many cases your monthly income isn’t required, but, for example, 123 Payday requires your annual income to be not lower than £ 4000.

BANK Accounts are also required by many lenders like Payday Express, PurplePayday, Payday UK and Payday Finders UK. In that case the borrower must have an active bank account to pay off the credit as the salary is paid from this account directly to the banks to call in a credit.

Different lenders fix different rates of interest. Therefore the lowest rates are held by FLM Payday Loans (121%). The highest are held by Easy Wageday Advance and Pounds Till Payday (129.98%). The average rates are about 125%, most of the lenders hold this level of rates. It’s hardly possible to say that some agencies just try to overestimate the rates; the rates depend on the repayment term, credit history and repayable abilities and so on. Hardly any lender would make you a payday loan (with the sum of £1000) in case you are unemployed with bad credit history.

The borrower can apply for a payday loan online by filling in a special application form. Many lenders provide online services. Before applying for a payday loan, consult the specialist not to be captured into a financial trap. Even if the repayment period is quit big (more than 3 months), try not to use a payday loan to cover great financial problems because of the great rates. Not to be tricked, work all the situations out in advance.


The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.