Client Testimonials
"I needed £450 to pay for an apartment deposit, my payday loan was in my account the same day.
Tina Mawdsley - Rhyl
"My car failed its MOT and needed £700 to fix it, I received a £700 payday loan, very happy"
Mark Ablett - Sussex
Yes we accept most applications even if you have bad or poor credit, mortgage or loan arrears and CCJ's and defaults, we accept 99% of all online applications as long as you meet the criteria.
How much can I borrow?
You may borrow anything from £80 upto £750, this depends on your individual circumstances. When you apply we will tell you the maximum you can borrow. We charge £25 per £100 borrowed, thats it. See examples below.
We charge £25 for every £100 you borrow, nothing more! There are no administrative costs either.
APRs are a good way of comparing similar products but are not clear when comparing different products. The table below explains how it works:
As you can quite clearly see the APR for the two instalment loans or same day cash are exactly the same but the actual interest you pay as a percent of the loan is quite different, and a lot lower too with a pay day service.
You could also compare same day cash against an unauthorised bank overdraft.
The UK banks do not have to quote APRs for your charges on unauthorised lending but the example below shows how APR works for going overdrawn slightly, even by £5 and being charged a large £25 charge for doing this.
This is why we make it clear how much you will repay in total rather than on just the APR figure.
How do I repay my loan?
We
will debit the payment from your own debit card on the date of your
payday for the agreed amount, you don't have to do anything.
Can I delay my repayment?
We
acknowledge you may have an unforeseen situation which means you can
not pay your payday loan back on your next pay date. You will have to
repay the charges allowing you a further month to repay your borrowed
amount, if you feel you may need to defer your loan please contact
customer service on 0871 550 0076 and we will help.
How do I know if I qualify for a payday loan?
- To qualify for a payday loan you need to have the following:
- Be over 18 years old.
- Be in full time employment.
- Take home pay is more then £750.
- You have a bank account and a valid debit card.
- My debit card, paydate or bank account details have changed since I took out the payday loan.
If your paydate has changed, or you have a new debit card, then simply contact the customer service team by calling 0871 550 0076 as soon as you can and they will make the required changes to your file!
What if I have trouble paying?
We fully understand that people's circumstances always change. If this is your case, if you let us know as soon as you can and we will do our best to help your situation.
The main factors to take note are:
Don't borrow money you don't think you can pay back or feel is too much.
Contact us and we will help you and your case as much as we can.
Advantages of a payday loan.
Apply in minutes.
No faxing required.
Money transferred same day.
No credit check needed.
Instant decision online.
What time are you open?
You can apply online anytime for a loan.
The customer service team is open from 09:00 to 18:30 Monday through to Friday and from 10:00 to 16:00 on a Saturday.
How can I contact you?
You can contact the Loans 4 Payday customer service team on the details below:
Telephone: 0871 550 0076
Our customer service team is open from 09:00 to18:30 Monday to Friday and from 10:00 to 16:00 on Saturday.
Email: customer.services@paydaynow.co.uk
Address:
MEM Consumer Finance Ltd
PO Box 255
Bicester
Oxfordshire
OX26 4ZY
I am happy with your service – what options do I have?
If you send us an email we will maybe showcase your case on our website, we won't use your full details.
I am unhappy with your service– what options do I have?
At Loans 4 Payday we always strive to do everything they can to make sure their customers get the best available service. But , sometimes, don't get things right first time and we understand this. If you're not happy with the service we provided you we'd like to hear from you so we can help.
