PROVIDER
MY PAYDAY LOAN
WHO ARE THEY?
WWW.MYPAYDAYLOAN.CO.UK is operated by MEM Consumer Finance Ltd (registered number 04786727). Registered address: Witan Gate House, 500-600 Witan Gate West, Milton Keynes, Buckinghamshire MK9 1SH.
A responsible lender who will take your individual circumstances into consideration and not lend you more than you can afford to pay back, My Payday Loan, offer a dignified and cost efficient "financial taxi" to get you from one payday to another when faced with an unexpected cash need.
USP
With a quick and easy application process, you can borrow up to £1000 until your next payday - subject to status.
PROS
My Payday Loan operate a clear charging structure with all costs disclosed initially - no hidden costs. A quick and easy way to solve your unexpected financial needs - any purpose loan, paid back on your next payday. Past credit problems will not affect application as no credit check carried out. You may ‘roll over’ your repayment date a maximum of twice allowing you extra flexibility with your budget. Self employed accepted as long as they have a regular income paid into their bank account.
CONS
Not a long term solution for clients experiencing prolonged financial difficulties. Could be considered as a expensive way to borrow.
CHARGES
Flat fee of £25 per £100 borrowed. When applying for a payday loan, your APR will be calculated for you based on the number of days your loan will be outstanding and presented to you prior to approval. Typical 1355% APR (30 day loan).
APPLICATION OPTIONS
Apply online. Once the application form has been completed, you’ll need to fax the following: last month's bank statements; your last payslip; proof of address and; proof of ID. Once documents have been received and your application has been approved, your payday advance will be transferred to your bank account.
WHO CAN APPLY
A UK resident of at least 18 years of age, you’ll need to be employed/self employed with a regular income paid direct into your bank account. You’ll need a bank account with a debit card as payment is taken from the card on your payday.
Do You Need Cash Today Up To £1000?
If you need a short term cash loan with no credit check carried out, no paperwork to sign, 100% completed online then compare the leading payday loan lenders under no obligation here.
Do You Need An Unsecured Loan Even If You Have Bad Credit?
If you have a bad credit history but need an unsecured loan to be repaid over longer periods there are lenders that can accept your application based on it merits click here.
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