Payday Loans: The Basics

Juggling your budget when you’re three weeks away from payday is no fun, particularly if you’ve encountered some kind of unexpected disaster e.g. the boiler’s packed up and the cold’s creeping in, or perhaps your work vehicle is experiencing problems that is preventing you from getting to work or being able to operate your business properly.

Quick loans, however, are a great way of covering unexpected expenses. Unlike with banks, you can qualify and receive a quick loan within 24 hours.

Payday Loans

What do I need to be able to qualify?

The minimum requirements to apply for a loan are as follows:

  • You need to be at least 18 years of age
  • You need to have a working UK bank account
  • You need to have regular, predictable income

How does it work?

If your application is successful, the cash will be deposited into your account within a day. It will allow you to manage your expenses until your next payday, which is when you will return the loan. Continue reading “Payday Loans: The Basics”