Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk


Frequently Asked Questions (FAQ’s)

Q: Can I Apply If I Have A CCJ?

A: Yes, but whether your application is successful will depend on a lender’s scoring system

Q: What Are The Requirements?

A: We feature over 30 lenders each with their own requirements. Be sure to look at the individual pages of the lenders to see the minimum age and employment requirements and whether they carry out credit checks.

Q: Must I Be A Homeowner To Apply?

A: No, it does not matter. Many of the customers are private tenants or living with family

Q: A Website Is Claiming To Be A Lender Should I Fill In My Details?

A: The Lenders List only recommends companies that are direct lenders. If you are looking at other payday loan websites, be sure to check the small print if they are a lender or a broker. There are hundreds of brokers in the industry and if you submit an application with them, you expose yourself to receiving hundreds of text messages and emails a day and in some cases, an upfront fee of up to £70 taken immediately from your account. For this reason, we do not work with brokers.

Q: Do I Need A Debit Card To Apply?

A: Yes, you will need either a debit card or a direct debit facility on your bank account so that your security can be verified and payments can be collected

Q: I Get Paid Weekly, Is This A Problem?

A: Certainly not. Be sure to note this on the application form as most lenders will offer a loan repayable early or even shorter than a month.  Check the individual lenders page to get a better idea of the loan length and requirements.

Q: What Are The Charges?

A: Lenders usually charge £30 for every £100 borrowed which works out to be around 1% interest per day. The amount varies depending on the length of the loan and the amount. We only feature lenders that are transparent with their costs, however, we advise customers to read the terms and conditions carefully

Q: How Much Can I Borrow?

A: New borrowers can usually borrow from £50 to £500 and this can increase up to £1,500 for repeat customers. Our lenders will carry out affordability checks to match how you much you wish to borrow with what you can afford to repay based on your salary and outgoings.

Q: Can My Loan Be Extended?

A: Yes, most lenders will allow this however we do not recommend this. A payday loan should ONLY be used for short-term financial emergencies. Some lenders may limit how many times a loan can be extended.

Q: What If I Am Struggling To Pay Off My Loan?

A: If you are going to miss the repayment, be sure to contact the lender beforehand. Most lenders abide by a good code of practice and are able to offer you assistance especially if you are pro-active in your dealings with them.