Payday Express

Payday Express is a direct UK payday advance lender, which has been in business since 1999, and offers short-term loans up to £800.

The type of loans available from the firm are relatively small, short-term debt instruments, which are loaned as an advance on your salary.

As such, the loans provide a money management tool to gap unexpected shortfalls in your personal finances until the next pay day.

Because of the high borrowing costs, measured by annual percentage rates (APRs) of interest, these loans are NOT suitable as long-term financial solutions for money problems.

Many use these loans as emergency funding, as they are available online 7 days a week, with fast approval processes and quick payments to approved customers' bank accounts.

How to Apply for a Payday Loan from the Firm

Available loan sums from the service range from £80 to £800 for returning customers, but for new customers, the maximum loan amount available is up to £500.

Some of the prerequisites to be eligible for a payday loan from the company include that you must be aged 18 or more, living and working in the UK, in full time employment, with your wages (earning a minimum of £750 a month after tax) paid directly into your bank account, and that you have a debit card for the bank account your wages are paid into.

Also, the company will do a credit check as part of the application.

Once you have submitted your loan application, and got approved, in order to get same day funds transfer, you need to have your application received by 17:00 and completed by 18:00, according to the firm's FAQ section at the official website.

To ensure same day payments, you should make sure that your bank has Faster Payments, as some banks may take up to 3 working days to clear the funds to your bank account.

› Payday Express

Cash advances should be used for short-term financial needs only, not as a long-term financial solution.

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