Finding the right pay day loan lender is not always easy. There are hundreds of lenders that operate in the UK. And then there are many more brokers that are online too and on the surface appear to be lenders.
There are a few steps you can take to finding the right loan for your needs. And the first one is reading payday loan reviews by customers and review sites. This will help you avoid signing up with a scam lender and paying charges that are far higher than other lenders.
There are 3 lenders in the UK we've identified that have services and charges worth checking out, and they are:
1. Quick Quid
Quick Quid has a simple application process and one of the fastest turnaround times in the industry. From approval, the money will be deposited in your account within the hour. And the application process will not take more than 5 minutes to complete.
Quick Quid lend up to £1000, but you won't be approved for more than £400 on your first loan. After a few successful times of borrowing, they'll be able to increase your loan amount.
To be eligible for a loan with Quick Quid, you should be at least 18 years of age; have a valid bank account with a debit card; must be employed; and be a resident of the United Kingdom.
Overall, Quick Quid is a good lender but they've received many negative reviews from previous customers. And one of the biggest complaints is that they were approved for a loan but had to contact Quick Quid to get the loan because of delays.
2. Payday Express
Like Quick Quid, Payday Express charges £25 for every £100 you borrow. And you repay your loan on your next payday. They lend between £80 and £800, but it's unlikely you'll get more than £300 on your first loan with them. But this will be increased each time you borrow till you reach the maximum.
Payday Express is more flexible than many other lenders in their requirements. And they don't only accept full-time employed applicants; but will also accept if you're part-time employed or are an agency worker. All that they require is that you earn at least £750 per month. And like other lenders, they require you to be at least 18 years old, have a bank account with a debit card and be a UK resident.
PaydayUK has many good features and many names too. One of its other names is MEM capital and it operates a number of websites which you may be familiar with. As strange as this may sound, PaydayUK is no scam lender and has been one of the longest running lenders in the UK.
One of its best features is that they don't carry out any credit checks, so County Court Judgements (CCJs) or Defaults on your credit file won't affect your application. They also don't require any paperwork and they approve your loan instantly.
These three lenders have similar features and have received many positive reviews. They also have similar charges and allow you to rollover your loan if you need to.
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