A UK payday advance guide, including information on the major UK payday loan companies such as The Money Shop, Wonga, and Express Finance.
Among the UK financial market innovations of the past ten years, there have been few such success stories as payday advance loans.
Up till today, which have helped hundreds of thousands people in their everyday lives.
Payday advances are intended for a short-term financial needs, not long-term financial planning.
According to some of the studies done on people who want a payday loan, they do so to purchase mostly everyday items, such as groceries...to make the finances last until the next payday (a few weeks horizon), thus the name.
An average loan size in the United Kingdom has been in the last few years around £300.
For loans of this size, some use the money to pad their holiday purse, to get something extra out of the vacation.
National statistics says that in the United Kingdom, from period 2006 to 2009...
As the markets have developed, so has the legislation around these loans.
One of the main recent laws require UK payday lenders to state their effective annual percentage rate (APR) for the cash advance loan.
This has the added benefit of making loan comparisons (for same loan amount and repayment period) across cash advance companies very easy..
If you take payday debt loans online, this typically means that you can find the APR rates from official website.
To compare these rates, you can do so either by yourself, or by using one of the online APR comparison services.
This can save you a lot of time, as, according to a recent article in the Guardian, there are some 200 payday loan lenders in the UK.
A lot has changed in terms of how people take loans, from just a decade ago.
One of the major shifts has been with average families and households shifting their financing from long term to shorter term loans.
Previously, many used credit cards and bank overdrafts for bridging the gaps in monthly expenditure.
Now, however, many choose to go for smaller loan amounts and shorter repayment plans - payday loans.
Because they repayment plans are very short term, it is easy to plan out the loan's repayment, and shift other planned expenses, thus avoiding loans spiraling out of control.
To access these loans, the industry has developed two major ways for you to get cash advances: high street stores and online services.
Of these, the introduction of online payday advances, especially instant cash loan till payday companies, has made the access to cash a VERY quick process.
In addition to the customer-friendliness of the loan process, the internet loaning speed has got more people to use these new financial services.
The most popular payday cash advance lenders UK include financial companies such as PaydayUK, QuickQuid, LoanExtra, and Wonga.Payday Cash Advance Lenders
Instant cash loan till payday lenders UK with fast loan decisions include such companies as PaydayUK, QuickQuid, and UK Payday Today.Instant Cash Loan Till Payday
Payday loan Liverpool alternatives include Wonga, PaydayUK, and QuickQuid, which is owned by Cash America, one of the biggest payday lenders in the US.Payday Loan Liverpool
Instant payday loan UK services range from such popular online services as Kwik Cash and Wonga to PaydayUK and Payday Express.Instant Payday Loan UK
Fast payday loan UK lenders, such as Wonga, have completely automated their loan processing, from taking in the application to making the payment to the bank account.Fast Payday Loan UK
Payday loan no credit check UK lenders include PayDayWay, while most other firms in the industry require credit checks to complete the loan application process.Payday Loan No Credit Check UK
You benefit from using direct payday loan lenders UK through not getting a broker's fee added to the costs of the loan.Direct Payday Loan Lenders UK
60 Minute Payday is a credit intermediary, an online loan brokerage from MySecurePayday, and does not represent any single lender or service.60 Minute Payday
1 Month Loan is a payday loan brand name / trading style of Think Finance (UK) Ltd, providing cash advance lending in the £75 - £750 range.1 Month Loan
Popular payday loan lenders UK range from Wonga, Payday Express, and LoanExtra to PaydayUK and QuickQuid.Payday Loan Lenders UK
Cash Genie has been in the online payday loan business since 2009, and today, it is one of the leading UK lenders providing same day service to customers.Cash Genie
Cash Generator provides payday loans in the UK in co-operation with The Loan Store, the originator of the short term loans.Cash Generator
Cash Bob is a specialist direct payday lender in UK, lending short-term small consumer loans for sums between £100 - £800.Cash Bob
Early Payday Loans Ltd is one of the most popular online direct payday lenders (they are not brokers or affiliates) in the UK.Early Payday
Payday Pig is a payday loan broker, operated by Stop Go Networks Limited, offering fast matching with lenders that meet your loan requirements.Payday Pig
Payday Express is a direct UK payday advance lender, which has been in business since 1999, and offers short-term loans up to £800.Payday Express
Oakam is a direct cash advance lender with a total of 15 stores within greater London, with their loan product being marketed as a "Bonus Loan".Oakam
MiniCredit is one of the fastest short-term direct loan providers in the UK, with no faxing, and loan amounts of up to £1,500 (returning customers).Minicredit
Loan Extra is a payday loan service operated by the publicly traded Fairpoint Group PLC, and licensed by the Office of Fair Trading for UK loan market.Loan Extra
Lending Stream is a unique UK payday lender, offering short-term installment loans, which are small amount loans paid over a 4-6 month period in installments.Lending Stream
Kwik Cash is a UK payday loan broker and brand name for PDB UK, offering cash advance lending for amount from £80 to £500.Kwik Cash
Handy Cash is an online direct UK payday lender, providing small short-term loans for amounts ranging from a minimum of £100, up to £750 for returning customers.Handy Cash
Ferratum is one of the leading UK payday lenders, providing short term loans of £100 - £300, repayable over 7 days to 45 days.Ferratum
Fancy a Payday is a Bournemouth based online cash advance lender, with no credit check, an online application, and fast approvals.Fancy a Payday
Payday UK is an online direct payday lender, operated by MEM Consumer Finance Ltd, and offers cash advances from £100 to £1000.Payday UK
Quickquid is a direct online payday lender UK, owned since 2007 by one of the largest cash advance companies in the United States, Cash America.QuickQuid
Purple Payday is a payday loan broker with instant decisions, typically (with most customers) with no phone calls, faxing, or paperwork to fill.Purple Payday
Pounds2day offers payday loans which are paid back over a 6 month term in installments, providing an easier way to repay in comparison to many traditional cash advances.Pounds2Day
Today Loan is an online payday loan broker, operated by Loan Machine Limited, and registered with the UK Office of Fair Trading.Today Loan
The Money Shop is one of the most popular operators in the UK for cheque cashing and payday loans with over 500 outlets across the country.The Money Shop
Wonga is an UK online payday loan service, which also operates popular cash advance websites in Canada and South Africa.Wonga
WageDayAdvance is one of the most popular UK online payday loan services, processing over 1 million applications each month.WageDayAdvance
TxtLoan is a direct UK payday lender providing short-term cash advance loans through mobile phone SMS text messages, for amounts from £100 up to £500.TxtLoan
Pounds to Pocket is a UK provider of personal loans, that can also function as payday loans, if the customer pays off early (with no early payment penalties).Pounds to Pocket
Cash Converters UK has more than 200 stores throughout the country, with loan products ranging from payday loans to personal loans and pawnbrokering.Cash Converters
Cash advances should be used for short-term financial needs only, not as a long-term financial solution.
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