UK payday loans are a great financial product. This innovative new style of loan allows you to borrow money very easily for very short periods of time. They are, as the name suggests, designed to help you to get by from pay day to pay day.
We all have those emergencies that we cannot afford at the precise moment. Every household has points of the year where money is tighter than other times of the year. Times when all the bills come in at once, and you can bet your bottom dollar that is the month the car breaks down.
Leaving it to the end of the month to get repaired when you get paid is not a viable option because doing so means you cannot get to work. If you are lucky, you can borrow the money from friends and family to get the car repaired. However, most people cannot do this, which is where UK payday loans come in. These loans allow you to borrow a small amount of money and pay it back when you get paid next or in a month’s time.
Who Qualifies for UK Payday Loans?
Who qualifies for these loans varies from company to company. You have to be aged over 18 and have a job. Some companies require that you be earning a certain amount per month to qualify, usually around £500. In addition, you need a bank account and often the loan company requires that you have a debit card with that bank account.
Finding Good Quality UK Payday Loans
As with all financial products it is worth shopping around for your UK payday loans. Doing so will allow you to find the lenders who offer the best value for money. When comparing deals check that there are no hidden fees such as set up fees. You should also find out what would happen if you could not pay it back on time. However, it is important not to take out this sort of loan planning to pay it back late. Your debt will quickly mount up and become unmanageable if you do so.
Payday Us provides good quality UK payday loans. Their service is simple to use and you can get your money within an hour.