FAQ

What does payday loan and cash advance mean?

Payday loan and cash advance actually have the same meaning and stand for short-term loans that can be provided up to the payday to solve some urgent financial necessity. The loan is not secured by some property. This type of loan is popular among the customers who have encountered some monetary problem that can’t be postponed. When the problem requires immediate solution (medical help, for instance) customers apply for cash advance. paydayloanscost.co.uk is the resource that helps customers to get payday loans online. If you find the right lender you can forget about financial troubles.

In what way payday loans can be used?

It does not matter what the goal of your loan is. You do not have to explain it. Just use money the way you consider appropriate.

How much can I receive when I apply for a payday loan?

The amount of loan is usually not higher than 750 pounds. The size of a loan is determined with regard of the information you provide in the application form. When you apply to us repeatedly (after you repaid the loan) then the size of a payday loan can be higher. You repaid your loan once therefore you enter the category of reliable clients.

How much do I have to pay for the service?

This is one of the points that make people doubt if it is worth taking a payday loan. We also urge you to consider this point before you make a decision. The fee can be higher than the fee of financial organizations providing loans in a traditional way, but this loan is specific one. It was created for urgent needs and you can get it fast not providing heaps of documents that are usually required. There is no fixed rate and the fee can depend upon many things. For example, you can borrow 300 pounds and pay the fee from 75 to 90 pounds.

How can I qualify for the loan?

It is very easy to qualify for payday loan. You do not have to send any documents. All you need to do in order to qualify – is to fill in the application. The form consists of simple questions and it will take you several minutes to complete it. There are several conditions that you should meet if you want to obtain cash advance. You should earn 1000 dollars per month, be of full age, have citizenship status and have saving account in the bank.

What information do I need to provide to be approved?

The lender wants to know your age, name, address, your place of work, information about your saving account and ID with photo.

Can I be sure that my personal information is protected?

You can be sure in the safety of the data you provide. Care about your security is our priority. The company values your trust highly and will do everything not to lose it. SSL-encrypted data is used to protect our customers.

Do I have to pay fee when I apply for payday loans online?

Online application will not cost anything to you. The procedure is free of charge therefore do not hesitate to apply for the loan even if you haven’t made the final decision yet.

Can I refuse from the cash advance after I was approved?

Yes it is not necessary to take the loan after you were approved. This is the stage of negotiations when you discuss the terms with the agent. After it you can agree to take a loan or refuse from it. Withdraw your request in case you do not like the terms of cash advance.

Is it possible to get a payday loan if I have bad credit?

The company does not check credit of customers therefore many clients with bad credits apply for payday loans online. If you have a bad credit this will not be an obstacle for you. As you have read already, good credit is not mentioned among the requirements to the customers provided earlier. Therefore be free to submit an application even if you had negative experience in the past that spoiled your credit. Improve your reputation with our assistance.

Will I need to use fax to send the documents?

You will not have to send documents on fax. Faxless payday loans attract clients who want to be free from paper work and we eagerly provide this chance for them.

Can I get one more cash advance if I haven’t repaid the first loan yet?

No, this is not allowed in our company. You should repay the loan that you borrowed first and then you can apply for payday loan for a second time.

Is it obligatory to have direct deposit if I want to obtain instant payday loan?

Instant payday loans are given with direct deposit only.

How much does it take to receive cash advance?

Everything can be done within one or two working days from the moment when you submit your application to the moment when you can withdraw funds from your saving account.

How can I find out that I am approved?

This information is sent by mail. You can also get the call informing you about the approval.

Is it possible to reimburse earlier than it was appointed?

Such situation should be individually discussed therefore you should apply to us and we will see what can be done in this case. Partial refunding of the fee may be asked from the customer.

What if I am not able to return my debt in time?

We developed the extension solution in case you are not able to reimburse in time. There are three possible ways to repay:

• To do it the way it was planned (pay the sum of loan + fee for the service) in time.
• Ask for extension of cash advance and pay fee for the service.
• Pay fee and repay the part of the debt.

Can I apply for payday loans often?

We do not limit our clients and they can apply to the service frequently. At this one important thing should be noted: payday loan is good for emergency situations only. If you use it often this is not the best solution from the financial viewpoint.