Quick payday loans are a means of accessing funds quickly, easily and securely from a direct payday or instalment lender. Many of us have found ourselves in situations where an unexpected event or emergency occurs and you find yourself needing some financial help to pay a bill or carry out necessary repairs to your car or home that cannot be put off. A quick payday loan may be an option if you require funds urgently but we strongly recommend that you only apply for quick payday loans after exploring other means.
If you have already explored the avenues with no success, a quick payday loan could be your short term solution. There are lots of direct payday lenders and instalment lenders out there and The Lenders List has been designed to list only direct lenders and no brokers to make life that bit easier. Each of the lenders listed on our site vary on how quickly you can apply and how quickly the loan could be in your account if approved.
Here is a quick guide to the funding methods used by most lenders in the market at the moment:
When looking for a quick payday loan, apply responsibly and keep to the agreement set out by the lender; if the terms are not adhered to you could incur charges and fees which can be easily avoided if you keep in touch with the lender and explain any difficulties you may face.
Only ever borrow the amount that you require and an amount that you can afford to pay back whlst keeping up with other expenses. Payday loans can easily spiral out of control if you over borrow as repayments become unmanageable; under no circumstances should you have multiple loans at the same time as these debts and interest payments will build up and you may struggle to repay them.
Missed and late payments can have a negative effect on your credit rating meaning you could have difficulty getting credit in the future. This can be avoided by making repayments on time and keeping a good record; this will improve your chances of getting a loan in the future should you need it as the lender can see you are trustworthy and likely to repay on time.
If you are experiencing financial difficulty and need advice visit the Money Advice Service who can offer support and advice