Short Term Loans with Simple, Easy Payments - Payday Loans

Apply For Up to £5,000 *

Representative Example:

  • Loan amount £200 for 35 days.
  • Payable in One total repayment of £256.00
  • Interest charged is £56.00,
  • interest rate 292% pa (variable).
  • Representative 1212% APR.

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  • No Hidden Extras
  • Simple Application Process
  • Safe & Secure

Representative Example:

  • Loan amount £400 for 90 days.
  • Payable in 3 monthly instalments of £187.31
  • Total amount repayable £561.92
  • Interest charged is £161.92,
  • interest rate 161.9% pa (variable).
  • Representative 305.9% APR.
Warning: Late repayments can cause you serious money problems. For help, go to

Short Term Loans with Simple, Easy Payments

One of the best things that have happened in recent years is that a good number of companies have started offering payday loans online. This is in response to the fact that more and more people with bad credit are in need of immediate lending. A lot of borrowers find it a tough task to repay. This has caused them so much mental and physical stress. Even are stressed with this. So many borrowers fear that because they have poor credit, direct lenders might not approve of their application. There is a big chance that borrowers in the UK can receive an approval for this loan.

What are Easy Payday Loans?

These loans are the type where qualification is high approval and the overall process is easy to complete, hence the term “easy payday loan”. Repayment is also a consideration in that they will be simple to pay back with lower fees and easy repayment options.

There are so many things that can contribute to their poor borrowing history. These include bankruptcy, payments missed, payments that were defaulted, and judge’s sentencing. These are just of the reason that may affect the performance of a person. When this happens, that person ends with a bad score.

Aside from not needing a good lending history to file for a payday loan with easy repayment, another thing that attracts borrowers to it. A borrower does need to put up his home, car or any other property as collateral. They do not stand to lose any of these in cases where they fail to make payments. This will benefit people who won’t have a home or car and are just renting a place to live in.

Most lending companies allow borrowers to loan any amount below the borrower’s salary. Once a borrower receives his cash, he can use the money for just about any emergency purpose. Some of these purposes include home repairmen, payment for bills, and health emergencies. The usual term is 30 days. With the lending easy repayment period coming up fast, it is important for them that he has enough funds from his next pay cheque to cover for his UK loan and the additional charges and interest rates.

This is actually a risky deal for the lender. First of all, they won’t know if they have a good or bad credit rating. Second, if the borrower fails to pay, they have no collateral that will cover for their losses. There are heavy consequences on the side of the lender. This is the main reason why lenders’ interest rates are on the high side of things. Another good thing going for the borrower is that lenders will not charge the same rates. They are the same ones who have no credit check. This means that all borrowers must look into the lenders who offer the lowest interest rates. They need to gather all information about online lenders, make a short list of these, and make the final decision.

So that takes care of the fear of filing without a good history of repayment. But another part of lending that most people fear is repaying. The fear stems from the fact that the high interest rates make it appear that it is almost impossible to pay. The truth is there may be a risk of that happening. However, the risks involved are as real as the ones people may encounter in regular bank lenders.

Lenders of cheap loans do not lower their interest rates when restructuring. But there are ways of getting around this and the person can still pay.

The first thing the person can do is to have a meeting with the best lender. This allows you to negotiate your repayment amount. Contact them and look for the manager and have a meeting with him where it is possible. If not you can simply speak to him on the phone. The goal here is to restructure your repayment into a program that you can easily pay them back. Most are willing to do this to save their money. If they see the sincerity in a borrower that he is willing to repay them, these lenders are more than willing to work with them.

Another way that you can settle your account is to wait for it to enter collections. This usually happens when you are not able to pay the loan on time. When this happens, you have to be prepared with the way your payday lender is going to go out of its way just make sure that you pay up. However, some of these borrowers do not cooperate with the lenders on this. In this case, the lender will have no choice but to forward your account to a third party collector. A collector can restructure them to make it easy for you to make payments.

Payday loans are there for a reason. That is to help you out with your short term financial problems. There is no reason to fear this product especially when you really need it badly.